EagleTree Capital has acquired Gaylord Chemical Company. Co-investing in the transaction are members of Gaylord’s senior management team, Alberta Teachers’ Retirement Fund Board, and Farol Asset Management.
Gaylord Chemical is a manufacturer of dimethyl sulfide (DMS) and dimethyl sulfoxide (DMSO), environmentally safe, non-toxic solvents that are used in a variety of commercial applications in the agriculture, microelectronics, petrochemical, and pharmaceutical markets. Gaylord’s customers are located worldwide in more than 40 countries.
The company was originally part of Crown Zellerbach and was sold to Temple Inland in 2002. In 2007, the company’s management team acquired the business from Temple Inland. Gaylord, led by CEO Paul Dennis, is headquartered in Slidell, LA with manufacturing operations in Tuscaloosa, AL (www.gaylordchemical.com).
“DMS and DMSO production and purification requires significant experience and know-how,” said Dr. Rengarajan Ramesh, a Partner at EagleTree. “As the world’s premier producer of DMS and DMSO, and with the team’s unique depth of knowledge in the development and application of these versatile solvents, Gaylord is well positioned to build upon its market-leading position as demand for its high-quality products continues to grow.”
“Our partnership with EagleTree will enable us to leverage their talented team, experience and industry expertise to accelerate our growth. We look forward to collaborating with EagleTree as we further build our sales and marketing resources and production capabilities, while exploring business development opportunities in the US and abroad,” said Mr. Dennis. “We look forward to continuously supporting our valued customers as we embark on this new chapter together.”
EagleTree, formerly Wasserstein Partners, invests in the media and communications, consumer products, and water and industrial sectors. The firm is headquartered in New York (www.eagletree.com).
“We are thrilled to partner with Paul Dennis and the entire Gaylord team,” said Robert Fogelson, Senior Partner at EagleTree. “Gaylord’s business has tremendous momentum, and we are confident that with our additional resources, the company will be able to accelerate its growth for the benefit of its customers, partners and employees.”
Lincoln International was the financial advisor to Gaylord.
© 2018 Private Equity Professional | October 15, 2018