Wynnchurch Capital Invests in Reagent Chemical & Research
May 03 2024 - 10:35AM
Business Wire
Wynnchurch Capital, L.P. (“Wynnchurch”), announced today that it
has acquired Reagent Chemical & Research, LLC (“Reagent” or the
“Company”) in partnership with management. Headquartered in
Ringoes, NJ and family-owned since its founding in 1959, Reagent is
the #1 specialty distributor of hydrochloric acid in North
America.
Rob Lippert, CEO of Reagent, said, “Over its 65-year history as
a family-owned business, Reagent has established itself as the
preeminent specialty distributor of hydrochloric acid, with a
relentless focus on safety as well as customer and supplier
service. As we transition into our next chapter of growth,
Wynnchurch’s founder- and management-friendly approach made them
the ideal partner.”
Brian Crumbaugh, Partner at Wynnchurch, said, “We have been
highly impressed with Reagent’s unique value proposition,
long-standing relationships, vast distribution infrastructure, and
market leadership position. We are excited to partner with Rob and
the Reagent team to continue their long track record of
success.”
JD Frank, Principal at Wynnchurch, added, “Reagent has
established itself as a critical and reliable partner to its
suppliers and customers. The Company is renowned for its high
service levels and excellent safety track record. We look forward
to building upon that reputation and supporting the Reagent team
through the next phase of growth.”
Paul Hastings LLP acted as legal advisor to Wynnchurch. Reagent
was advised by Deloitte Corporate Finance LLC and McElroy, Deutsch,
Mulvaney & Carpenter, LLP.
Wynnchurch manages a number of private equity funds with $9.2
billion of regulatory assets under management and is actively
seeking investments. In April 2024, Wynnchurch acquired Handgards,
a leading distributor of foodservice products, including disposable
gloves, reclosable bags, tabletop items, expendables, and other
carryout products. Other recent investments include: FloWorks, a
distributor of critical flow control products; Industrial Service
Solutions, a national provider of MRO-focused field, shop, and
supply services; and FCA, a leading manufacturer of customized
industrial protective packaging solutions.
About Reagent:
Headquartered in Ringoes, NJ and family-owned since its founding
in 1959, Reagent is the #1 specialty distributor of hydrochloric
acid (“HCl”) in North America. HCl is predominantly produced as a
byproduct of other chemical manufacturing processes. Reagent’s
suppliers (i.e., chemical producers) sell HCl to Reagent who
distributes the HCl to a diversified base of customers across a
variety of industrial end markets. To deliver on its value
proposition to suppliers and customers, Reagent leverages its
industry-leading, national infrastructure network comprised of
specialized terminals, railcars, trailers, storage tanks, and
pipelines, along with unique logistics capabilities and a track
record of reliability, safety, and customer service. For more
information, please visit: www.reagentchemical.com.
About Wynnchurch Capital:
Wynnchurch Capital, L.P., headquartered in the Chicago suburb of
Rosemont, Illinois, with an affiliate in Canada, was founded in
1999 and is a leading middle-market private equity investment firm.
Wynnchurch’s strategy is to partner with middle market companies in
the United States and Canada that possess the potential for
substantial growth and profit improvement. Wynnchurch manages a
number of private equity funds with $9.2 billion of regulatory
assets under management and specializes in recapitalizations,
growth capital, management buyouts, corporate carve-outs, and
restructurings. For more information, please visit:
www.wynnchurch.com or follow us on LinkedIn.
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Brian Crumbaugh Partner bcrumbaugh@wynnchurch.com 847-604-6100
JD Frank Principal jfrank@wynnchurch.com 847-604-6100 Chris Waldock
Vice President cwaldock@wynnchurch.com 847-604-6100