Buyout (LBO, MBO, MBI) • Chemicals

Liebman Group and Black Cliffs Partners Acquire Pine Island Chemical Solutions

On January 25, 2021, private equity firms Liebman Group and Black Cliffs Partners acquired chemicals company Pine Island Chemical Solutions

Acquisition Context
  • This is Liebman Group’s 1st and Black Cliffs Partners’ 1st transaction in the Chemicals sector.
  • This is Liebman Group’s 3rd and Black Cliffs Partners’ 1st transaction in the United States.
  • This is Liebman Group’s 1st and Black Cliffs Partners’ 1st transaction in Louisiana.

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M&A Deal Summary

Date January 25, 2021
Target Pine Island Chemical Solutions
Sector Chemicals
Buyer(s) Liebman Group
Black Cliffs Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Pine Island Chemical Solutions

Lafayette, Louisiana, United States
Pine Island Chemical Solutions is a privately owned and operated oilfield service company specializing in the production of treating chemicals, water treatment chemicals, and completion chemicals. The company has provided the energy industry with quality products and superior technical expertise for over 15 years, providing custom products to meet all customer needs. PICS has a variety of customers including E&P companies, service companies, and water midstream operators. The Company has four established geo-markets including Gulf Coast, AK-LA-TX, the Eagle Ford Shale, and Permian Basin. Pine Island Chemical Solutions was founded in 1994and is based in Lafayette, Louisiana.
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Buyers Overview 2

DESCRIPTION

Liebman Group LLC is an investment management firm focused on providing long-term equity investments in growth companies. The Firm typically invests in companies generating sales between $10 and $100 million and EBITDA of $2 to $10 million. The Firm pursues a variety of transaction types, including management buyouts, growth financings, and recapitalizations. Target sectors include business services, distribution, food & beverage, healthcare, manufacturing, and technology. Liebman Group was formed in 2017 and is based in Hollywood, Florida.


Deal Context for Buyer #
Overall 3 of 4
Sector: Chemicals 1 of 1
Type: Buyout (LBO, MBO, MBI) 1 of 1
State: Louisiana 1 of 1
Country: United States 3 of 4
Year: 2021 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Craftsman+

New York, New York, United States

Craftsman+ is a creative technology company driven to bring rich ad experiences to mobile. Powered by a sophisticated, easy-to-use ad creation platform, Craftsman+ enables marketers to quickly iterate their content at scale across their marketing channels. Craftsman+ is based in New York City.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 Orion Haus

Fort Lauderdale, Florida, United States

Orion Haus is a provider of homesharing-friendly apartment brand in the U.S. OHAI partnered buildings actually provide you service. OHAI app will automatically provide secure access to guests and housekeepers, will schedule turnovers with the cleaning crew, and provide you and your guests 24/7 concierge support, so you’re always taken care of at OHAI. Orion Haus was founded in 2020 and is based in Fort Lauderdale, Florida.

Buy -
DESCRIPTION

Black Cliffs Partners is a private equity firm focused on acquiring and investing in mid-sized, US-based businesses. The Firm does not have any stated sector preferences and generally looks for situations where the target company can benefit from the Black Cliffs' operational expertise and strategic advice. Black Cliffs Partners was formed in 2013 and is based in Salt Lake City, Utah.


Deal Context for Buyer #
Overall 1 of 2
Sector: Chemicals 1 of 1
Type: Buyout (LBO, MBO, MBI) 1 of 1
State: Louisiana 1 of 1
Country: United States 1 of 2
Year: 2021 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 Orion Haus

Fort Lauderdale, Florida, United States

Orion Haus is a provider of homesharing-friendly apartment brand in the U.S. OHAI partnered buildings actually provide you service. OHAI app will automatically provide secure access to guests and housekeepers, will schedule turnovers with the cleaning crew, and provide you and your guests 24/7 concierge support, so you’re always taken care of at OHAI. Orion Haus was founded in 2020 and is based in Fort Lauderdale, Florida.

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