M&A Deal Summary

One Rock Capital Partners Acquires FlexSys

On June 9, 2021, private equity firm One Rock Capital Partners acquired chemicals company FlexSys from Eastman

Acquisition Highlights
  • This is One Rock Capital Partners’ 4th transaction in the Chemicals sector.
  • This is One Rock Capital Partners’ 19th transaction in the United States.
  • This is One Rock Capital Partners’ 1st transaction in Michigan.

M&A Deal Summary

Date 2021-06-09
Target FlexSys
Sector Chemicals
Buyer(s) One Rock Capital Partners
Sellers(s) Eastman
Deal Type Divestiture

Target

FlexSys

Ann Arbor, Michigan, United States
Flexsys is a provider of specialty chemicals for the tire industry. The Company develops, manufactures and sells insoluble sulfur, antidegradants and post-vulcanization stabilizers. FlexSys is based in Ann Arbor, Michigan.

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Buyer(S) 1

Buyer

One Rock Capital Partners

New York, New York, United States

Category Private Equity Firm
Founded 2010
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Rock Capital Partners is a private equity group focused on opportunities where the Firm can leverage its operational, strategic, and financial resources. One Rock seeks investments in mature, North American companies and will also consider distressed situations. Sectors of interest include chemicals, packaging, forest products, consumer appliances/electronics, electrical equipment, niche manufacturing, business services, environmental services, waste management, equipment rental, healthcare products, medical products, and automotive dealerships. One Rock Capital Partners is based in New York City.


DEAL STATS #
Overall 19 of 27
Sector: Chemicals M&A 4 of 5
Type: Divestiture M&A Deals 8 of 10
State: Michigan M&A 1 of 1
Country: United States M&A 19 of 24
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 ArchKey Solutions

St. Louis, Missouri, United States

ArchKey Solutions is an electrical and technologies contracting and services provider. As a platform for growth and the parent company for Sachs Electric, Parsons Electric, Sprig Electric and Mona Electric, ArchKey Solutions’ diversified offering provides scalability that is unmatched in the industry. ArchKey Solutions was founded in 1925 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-03 Sensience

Westerville, Ohio, United States

Sensience is a designer and manufacturer of safety-critical sensors, thermal cutoff fuses and hermetically sealed connecting components. Sensience is based in Westerville, Ohio.

Buy -

Seller(S) 1

SELLER

Eastman

Kingsport, Tennessee, United States

Category Company
Founded 1920
Sector Chemicals
Employees14,000
Revenue 9.4B USD (2024)
DESCRIPTION
Eastman Chemical plant in East St. Louis, Illinois.
Eastman Chemical plant in East St. Louis, Illinois.

Eastman is a specialty chemical company that produces a broad range of advanced materials, chemicals, and fibers. Eastman's businesses are managed through five segments including Additives & Functional Products, Adhesives & Plasticizers, Advanced Materials, Fibers, and Specialty Fluids & Intermediates. Eastman was fouded in 1920 and is based in Kingsport, Tennessee.


DEAL STATS #
Overall 3 of 4
Sector: Chemicals M&A 2 of 3
Type: Divestiture M&A Deals 3 of 4
State: Michigan M&A 2 of 2
Country: United States M&A 3 of 4
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 3F Feed & Food

Avila, Spain

3F Feed & Food is a company specializing in the technical and commercial development of feed and food products. 3F Feed & Food produces preservatives and acidifiers, liquids and powders dedicated to the hygiene, preservation and safety of feeding stuffs and animal health nutraceuticals. 3F Feed & Food was founded in 2003 and is based in Avila, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-13 Matrix Films

Holliston, Massachusetts, United States

Matrix Films is a marketer of PremiumShield performance films, including its extended line of automotive film patterns. Matrix Films is based in Holliston, Massachusetts.

Buy -