Stonepeak, an alternative investment firm specializing in infrastructure and real assets, has acquired Rinchem Company Inc., a warehousing and logistic company with a network of chemical and gas logistics services.
Rinchem is a provider of chemical management infrastructure and specialty services for high-purity, pre packaged chemicals and gasses. The firm provides its services for pharmaceutical, biotech, semiconductor, and aerospace industries.
The transaction follows Stonepeak’s view of investing in specialized transportation and logistics businesses serving large, blue-chip customers. The combined firm will make use of Stonepeak’s experience in growing infrastructure business in logistics, transportation and digital infrastructure.
“We are thrilled to partner with Stonepeak and expect that their support will accelerate our ability to meet customer growth requirements, enter new markets, and provide synergies with their portfolio and experience within cold chain warehousing and transportation,” stated Rinchem CEO, Chuck Breinholt.
Guggenheim Securities LLC is serving as Rinchem’s financial advisor and Brownstein Hyatt Farber Schreck, LLP is serving as legal advisor. Barclays is serving as financial advisor to Stonepeak in connection with the transaction and Simpson Thacher & Bartlett LLP is serving as legal advisor.