TORONTO & NEW YORK & CINCINNATI--(BUSINESS WIRE)--
Altas Partners (“Altas”), a long-term oriented investment firm, today announced it has signed a definitive agreement to acquire DuBois Chemicals, Inc. (“DuBois” or the “Company”), a leading specialty chemical supplier, from The Jordan Company, L.P. (“TJC”). Financial terms of the transaction were not disclosed.
DuBois is a premier provider of customized and value-added specialty chemicals solutions and services to a global customer base. The Company combines local high-touch technical service, leading R&D capabilities, customized equipment solutions, and deep knowledge of manufacturing processes to deliver reliable, mission-critical, and innovative products to more than 15,000 customers globally across a spectrum of industries and end markets. DuBois’ full suite of solutions and services brings leading, reliable technologies that reduce chemical, water, labour, and energy costs for customers and support their operations to improve quality and efficiency.
“We chose to partner with Altas because their team shares our conviction and excitement regarding the long-term opportunity for DuBois, making the firm an ideal partner as we enter our next phase of growth,” said Jeff Welsh, President and CEO of DuBois. “With Altas’ support, we look forward to continuing the development of the business through both organic growth and continued selective acquisitions. We greatly appreciate the support we’ve received from The Jordan Company, and we thank them for their guidance and partnership.”
“Over its 99-year history, Dubois has built its position as a leading international provider of specialty chemical solutions, through a focus on innovation, quality production, and customer service,” said David Brent, a Partner at Altas. “For Altas, this investment is the culmination of a multi-year effort to identify a world-class platform and team that we can partner with in the specialty chemicals industry. We look forward to supporting Jeff and the DuBois team as they continue to build on the company’s success and leadership in the coming years.”
“We are proud of the growth that DuBois has achieved during our ownership period. DuBois’ tremendous advancements are a testament to Jeff’s strong leadership and the company’s outstanding management team. We expect Altas will be a great next partner for DuBois and look forward to watching the company’s continued success,” said Ian Arons, a Partner at TJC.
The transaction is expected to close in the second half of 2019, subject to customary closing conditions and regulatory approvals.
About Altas Partners
Founded in 2012, Altas Partners is an investment firm with a long-term orientation focused on acquiring significant interests in high-quality, market-leading businesses in partnership with outstanding management teams. The firm manages more than $6 billion on behalf of endowments, foundations, public pension funds, and other institutional investors. The firm’s past and present portfolio companies include University of St. Augustine for Health Sciences, Tecta America, Hub International, PADI, Medforth Global Healthcare Education, Capital Vision Services, and NSC Minerals. For more information, please visit http://www.altas.com
About DuBois Chemicals
Founded in 1920, DuBois is a market-leading full-service provider of customized specialty chemical solutions. The company researches, develops, manufacturers, and supports a broad range of customized specialty chemical products and related equipment to provide solutions to customers’ most challenging performance, quality, cost, safety, and compliance issues for a variety of industries. Headquartered in Cincinnati, Ohio, the company leverages its proprietary chemistries and unique on-site service and support to offer a compelling value proposition by reducing downtime, minimizing defects, and extending equipment life for its customers’ most-critical applications. As a result, DuBois maintains strong loyalty across a diverse customer base that relies on its technical expertise and broad suite of product solutions to ensure their machinery, processes, and systems run seamlessly. For more information, please visit www.duboischemicals.com.
About The Jordan Company
The Jordan Company, founded in 1982, is a middle-market private equity firm that has managed funds with original capital commitments in excess of $11 billion since 1987 and a 37-year track record of investing in and contributing to the growth of many businesses across a wide range of industries including Business Services, Consumer & Healthcare, Financial Services, Industrials & Distribution, Telecom, Technology & Utility and Transportation & Logistics. The senior investment team has been investing together for over 20 years and is supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, TJC also has an office in Chicago. For more information, please visit www.thejordancompany.com.
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