M&A Deal Summary

Triangle Capital Acquires SRC Worldwide

On January 15, 2014, private equity firm Triangle Capital acquired chemicals company SRC Worldwide

Acquisition Highlights
  • This is Triangle Capital’s 4th transaction in the Chemicals sector.
  • This is Triangle Capital’s 82nd transaction in the United States.
  • This is Triangle Capital’s 7th transaction in Ohio.

M&A Deal Summary
Date 2014-01-15
Target SRC Worldwide
Sector Chemicals
Buyer(s) Triangle Capital
Deal Type Special Situations/Distressed

Target

SRC Worldwide

Cleveland, Ohio, United States
SRC Worldwide is a producer of fused magnesium flux, a critical chemical component in the production and recycling of magnesium and aluminum alloys. Magnesium flux is also used in a variety of industrial and other applications, including desiccants and the manufacture of specialized catalysts.

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Buyer(S) 1

Buyer

Triangle Capital

Raleigh, North Carolina, United States
Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 83 of 114
Sector (Chemicals) 4 of 7
Type (Special Situations/Distressed) 1 of 1
State (Ohio) 7 of 7
Country (United States) 82 of 112
Year (2014) 1 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-09 Flowchem

Waller, Texas, United States

Flowchem is a global provider of drag-reducing agents, related support services and equipment to midstream crude oil and refined fuel pipeline operators. Drag reducing agents, also known as DRAs, are specialty chemicals injected into midstream pipelines to reduce friction near the pipeline walls and within the turbulent fluid flowing through the pipeline network. Flowchem was founded in 2001 and is based in Waller, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 SeaStar Solutions

Litchfield, Illinois, United States

SeaStar Solutions, Inc. is a provider of OEM and aftermarket products and accessories for the recreational marine and related markets. SeaStar Solutions is based in Litchfield, Illinois.

Sell -
Mergr

Product

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