Aurora Capital Group has sold its portfolio company DuBois Chemicals to The Jordan Company. Aurora Capital acquired DuBois Chemicals in December 2012 from The Riverside Company.
DuBois Chemicals is a provider of customized specialty chemical solutions used in a variety of applications such as metal finishing and paint pretreatment; metalworking and lubricants; water and wastewater treatment; maintenance and equipment cleaning; paper chemicals; food processing cleaning and sanitizing; and transportation cleaning. The company has more than 8,000 customers and is led by Jeff Welsh, President and CEO. DuBois is headquartered north of Cincinnati in Sharonville, OH (www.duboischemicals.com).
Under Aurora’s ownership, DuBois completed a number of add-on acquisitions including Angler Industries (2014); American Finishing Resources (2014); Heatbath Corporation (2015); and C.A.R. (Complete Auto Restoration) (2015).
Co-investing on this transaction with The Jordan Company was The Riverside Company through the firm’s minority investment vehicle, The Riverside Strategic Capital Fund. This is the second time that Riverside has invested in DuBois Chemicals. Riverside acquired the company in 2008 from Racine, WI-based Johnson Diversey.
The Jordan Company is a middle-market private equity firm with over $6 billion of assets under management. The firm was founded in 1982 and is headquartered in New York with an additional office in Chicago (www.thejordancompany.com).
Aurora Capital focuses principally on control investments in middle-market industrial, manufacturing and service oriented businesses. The firm, founded in 1991, has $2.5 billion of capital under management and is headquartered in Los Angeles (www.auroracap.com).
Harris Williams & Co. (www.harriswilliams.com) was the financial advisor to DuBois. The transaction was led by Patrick McNulty, Ryan Nelson, Brad Morrison, Trey Packard and Jenson Dunn of the firm’s Industrials Group.
© 2017 Private Equity Professional | March 17, 2017
