M&A Deal Summary

Platform Partners Acquires South Coast

On December 1, 2021, private equity firm Platform Partners acquired chemicals company South Coast

Acquisition Highlights
  • This is Platform Partners’ 1st transaction in the Chemicals sector.
  • This is Platform Partners’ 25th transaction in the United States.
  • This is Platform Partners’ 18th transaction in Texas.

M&A Deal Summary
Date 2021-12-01
Target South Coast
Sector Chemicals
Buyer(s) Platform Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

South Coast

Houston, Texas, United States
South Coast is an independent toll manufacturer of specialty chemicals and lubricant additives in North America. South Coast provides chemical processing, terminaling, warehousing, drumming and packaging, and other support services for the largest lubricant additive companies in the industry. South Coast was founded in 1964 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Platform Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Platform Partners is a private holding company that makes investments in small to mid-sized companies with a history of 'operating profitability'. The platform looks for growth situations and seeks to invest up to $75 million of equity capital per transaction. Prospective transaction situations include management-led buyouts of private companies, recapitalization of family-owned companies, and growth capital commitments to pursue strategic acquisitions. The Firm will consider both majority and minority positions. Platform Partners was formed in 2006 and is based in Houston, Texas.

DEAL STATS #
Overall 25 of 28
Sector (Chemicals) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 12 of 13
State (Texas) 18 of 20
Country (United States) 25 of 28
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 ShiftKey

Dallas, Texas, United States

ShiftKey is a tech-enabled, virtual staffing agency connecting healthcare providers (nurses) with post-acute care facilities across the U.S. The company serves skilled nursing facilities and connects them with per diem nurses using its proprietary staffing software. ShiftKey was founded in 2016 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 GHR Healthcare

Blue Bell, Pennsylvania, United States

GHR Healthcare is the parent company to a family of operating brands focused on the healthcare facility and community-based staffing: General Healthcare Resources, GHR Travel Nursing, GHR RevCycle Workforce, GHR Education, GHR Human Services, GHR Technology and GHR Search. Through these brands, GHR Healthcare provides a variety of workforce solutions, including local long-term contract, travel, per diem, MSP and direct hire services to clients nationwide. GHR Healthcare was established in 1993 and is based in Blue Bell, Pennsylvania.

Sell -
Mergr

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