M&A Deal Summary

Vibrantz Acquires Chromaflo Technologies

On April 21, 2022, Vibrantz acquired chemicals company Chromaflo Technologies from American Securities

Acquisition Highlights
  • This is Vibrantz’s 5th transaction in the Chemicals sector.
  • This is Vibrantz’s 8th transaction in the United States.
  • This is Vibrantz’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2022-04-21
Target Chromaflo Technologies
Sector Chemicals
Buyer(s) Vibrantz
Sellers(s) American Securities
Deal Type Add-on Acquisition

Target

Chromaflo Technologies

Ashtabula, Ohio, United States
Chromaflo Technologies is a supplier of colorant systems, chemical and pigment dispersions, serving customers in architectural and industrial coatings as well as the thermoset composites market. Chromaflo Technologies was founded in 2012 and is based in Ashtabula, Ohio.

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Buyer(S) 1

Buyer

Vibrantz

Houston, Texas, United States
Category Company
Sector Chemicals
DESCRIPTION

Vibrantz produces and markets specialty mineral products and additives. It offers naturally occurring minerals for pigment applications. The company’s mineral products include silica, iron chromite and pyrites, magnesite, magnetite, manganese dioxide, manganous oxide, olivine, red iron oxide, spodumene, and zircon. It also offers black iron and red iron oxide, chrome sand, cryolite, chromox, and glassox. In addition, the company provides alumina products, barium carbonate, bauxite, calcium carbonates, coloured sands, feldspar products, lithium products, manganese products, metallic oxides and compounds, perlite ores, and quartz products. Vibrantz is based in Houston, Texas.

DEAL STATS #
Overall 9 of 10
Sector (Chemicals) 5 of 6
Type (Add-on Acquisition) 8 of 9
State (Ohio) 2 of 2
Country (United States) 8 of 9
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Ferro

Mayfield Heights, Ohio, United States

Ferro is a global supplier of technology-based functional coatings and color solutions. Ferro supplies functional coatings for glass, metal, ceramic, and other substrates and color solutions in the form of specialty pigments and colorants for a broad range of industries and applications. Ferro products are sold into the building and construction, automotive, electronics, industrial products, household furnishings, and appliance markets. The Company's reportable segments include Functional Coatings and Color Solutions. Ferro was formed in 1919 and is based in Mayfield Heights, Ohio.

Buy $2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-30 Micro Abrasives

Westfield, Massachusetts, United States

Micro Abrasives is a manufacturer of calcined alumina used in the automotive refinishing, optics polishing and industrial lapping markets. The company’s products are key in the manufacture of liquid abrasives used in automotive polish formulations, precision powders and slurries used by the optics and photonics industries, and wafers ultimately used by the semiconductor industry. Micro Abrasives was formed in 1957 and is headquartered in Westfield, Massachusetts.

Buy -

Seller(S) 1

SELLER

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.

DEAL STATS #
Overall 46 of 51
Sector (Chemicals) 6 of 6
Type (Add-on Acquisition) 20 of 21
State (Ohio) 2 of 2
Country (United States) 45 of 50
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 SOLV Energy

San Diego, California, United States

SOLV Energy offers engineering, procurement, and construction (EPC) and operations and maintenance (O&M) services for solar photovoltaic plants throughout North America. SOLV Energy was founded in 2008 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-02 RealManage

Plano, Texas, United States

RealManage is a homeowner association and condominium management company that includes GrandManors and CiraConnect, is one of the fastest-growing association management companies in the country, currently ranking number three among the nation's home owner association/condo management companies. The company offers innovative management services to community associations of all types and sizes, including homeowner associations, condominium associations, cooperatives, municipal utility districts, and large master-planned communities. RealManage was founded in 2004 and is based in Plano, Texas.

Buy -
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