M&A Deal Summary

OpenGate Capital Acquires IPG

On June 13, 2023, private equity firm OpenGate Capital acquired distribution company IPG

Acquisition Highlights
  • This is OpenGate Capital’s 2nd transaction in the Distribution sector.
  • This is OpenGate Capital’s 20th transaction in the United States.
  • This is OpenGate Capital’s 3rd transaction in Virginia.

M&A Deal Summary
Date 2023-06-13
Target IPG
Sector Distribution
Buyer(s) OpenGate Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

IPG

Roanoke, Virginia, United States
IPG is a specialty chemical distribution platform bringing together the shared infrastructure and resources of a national chemical distributor with the service and flexibility of smaller, regional chemical distributors. IPG distributes a wide range of more than 1,000 chemical products sold to a variety of customers and end markets including solvents, plasticizers, coolants, lubricants, surfactants, diesel exhaust fluid, additives, and other products. IPG is based in Roanoke, Virginia.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

OpenGate Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 890M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

OpenGate Capital is a private investment firm focused on acquiring divestitures of larger public corporations or troubled companies needing restructuring. OpenGate does not focus any particular industry and will consider opportunities throughout North America and Europe. The Firm's target companies with up to $1 billion of revenue and valued up to $300 million. OpenGate Capital was formed in 2005 and is based in Los Angeles, California.

DEAL STATS #
Overall 46 of 47
Sector (Distribution) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 15 of 15
State (Virginia) 3 of 3
Country (United States) 20 of 20
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-13 Chemisphere

Saint Louis, Missouri, United States

Chemisphere is a distributor and blender of chemical products that specializes in the manufacturing and distribution of personal care products, industrial products, and denatured ethanol. Chemisphere was founded in 1974 and is headquartered in Saint Louis, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-22 Player One Amusement Group

Mississauga, Ontario, Canada

Player One Amusement Group provides amusement gaming equipment and outsourced operations and maintenance support to customers seeking to drive superior location profitability and create a best-in-class consumer experience. Player One Amusement Group is based in Mississauga, Ontario.

Buy CA$155M
Mergr

Product

Company

Legal