Gemspring and Shrieve Chemical Partner Up

Gemspring Capital has invested in Shrieve Chemical Company, a distributor of industrial chemicals, performance fluids and specialty lubricants, in partnership with the company’s senior management team.

Shrieve Chemical sells more than 700 products sourced from over 600 suppliers and is one of the leading distributors of sulfur and sulfuric acid. The company’s products are sold worldwide in more than 40 countries in the Americas, Europe and Asia.

Shrieve Chemical, led by CEO Ted Threadgill, was founded in 1978 by Jim Shrieve and is headquartered in The Woodlands, Texas, with additional facilities in Florida, the UK, China and Scotland.

“Our partnership with Gemspring is an exciting new chapter in Shrieve’s long history of growth and innovation,” said Mr.  Threadgill. “Gemspring’s chemicals expertise, commitment to innovation, understanding of distribution and experience partnering with management owners will help propel continued growth at Shrieve as we expand our product offerings, invest in our team and continue to serve our customers with the highest commitment to quality and reliability.”

“The global chemicals market is poised for continued growth with value accruing to technically capable, service-oriented companies like Shrieve,” said Geoff Broglio, a principal at Gemspring. “We are excited to partner with Ted and the team at Shrieve to build on the strong foundation established by founder Jim Shrieve.”

Westport, Connecticut-based Gemspring invests in companies that have revenues up to $500 million and are active in the business services, distribution and logistics, healthcare services, financial services, industrial services, software, and specialty manufacturing sectors. The firm held a final closing of its debut fund in November 2016 with $350 million of capital commitments.

© 2019 Private Equity Professional | December 5, 2019

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