Publicly traded Cabot Corporation has agreed to sell its purification solutions business, Norit Activated Carbon, to One Equity Partners for $111 million. Norit is a manufacturer of over 150 different activated carbon formulations including powdered activated carbon, granular activated carbon, and extruded activated carbon. Activated carbon, also called activated charcoal, is a form of carbon…...
Transactions
H.I.G. and Arsenal Merge Specialty Chemical Companies
USALCO, a portfolio company of H.I.G. Capital, has merged with G2O Technologies, a business unit of CPS Performance Materials, a portfolio company of Arsenal Capital Partners. CPS Performance Materials was formed by Arsenal in August 2017 to acquire publicly traded and Florida-headquartered Cyalume Technologies for $45 million. In October 2018, CPS closed the add-on acquisition…...
KLH Continues Build of D&H United
D&H United Fueling, a portfolio company of KLH Capital, has acquired Valley Tank Testing. Houston-headquartered Valley Tank provides underground and aboveground tank testing, compliance, and inspection services to customers in more than 30 states from Florida to Arizona. Valley Tank was founded in January 2004 by PJ Kane and Brian Berkle. D&H is a supplier…...
Crossplane Invests in Domino Equipment
Crossplane Capital had invested in Domino Equipment Company, a distributor and servicer of petroleum equipment, car wash equipment, and compressed natural gas and electric vehicle charging stations. Domino’s petroleum equipment includes fuel dispensers; card readers and point of sale systems; in-tank monitoring systems; nozzles, swivels, and hoses; underground and above ground storage tanks; and perimeter…...
Alpine’s Antelope Makes First Pet Products Buy
Antelope, a new pet products platform formed in August 2021 in partnership with consumer brands entrepreneur Wendy Wen, has acquired pet treat maker Bocce’s Bakery. Bocce’s Bakery, Antelope’s first acquisition, is an all-natural, limited-ingredient pet treats company that was founded in 2010 by sisters Andrea and Natalia Tovar and today sells more than 75 SKUs…...
