“We were attracted to ArrMaz as an investment due to its unique market leadership position, significant competitive advantages and long term growth potential,” said Rajeev Amara, a Managing Director of Golden Gate Capital. “We are committed to further investing in the company to expand its global footprint and potentially leverage its highly specialized knowledge of surfactants into other end markets.”
ArrMaz is a producer of a wide variety of process chemicals, which are generally custom formulated to meet customer specifications. ArrMaz is a producer of functional additives and process aids to the fertilizer and asphalt industries and is a provider of chemical products to related minerals mining industries. ArrMaz was founded in 1967 and is headquartered in Mulberry, FL (www.am-cc.com).
ArrMaz will continue to be led by its current management team, who will remain significant investors in the company.
“We are excited to work with Golden Gate Capital to accelerate our growth,” said Hank Waters, CEO of ArrMaz. “Golden Gate Capital’s investment validates the strength of ArrMaz’s value proposition, which is built on world-class products and exceptional customer service delivered by our talented employees. Golden Gate Capital’s substantial financial resources and long term outlook will enable ArrMaz to capitalize on an array of opportunities across the globe both organically and through acquisitions.”
GE Capital and Ares Capital provided financing to support the transaction. Lazard Middle Market advised ArrMaz. The Valence Group and Kirkland & Ellis advised Golden Gate Capital.
Golden Gate Capital targets companies across a range of industries and transaction types, including leveraged buyouts, recapitalizations, corporate divestitures and spin-offs, build-ups and venture stage investing. The firm has approximately $12 billion of capital under management and is based in San Francisco (www.goldengatecap.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-7-13