The Jordan Co. acquires DuBois Chemicals, as chemical suppliers seek growth opportunities
Private equity firm the Jordan Co. LP has acquired DuBois Chemicals Inc., a chemical producer for the manufacturing industry, from Aurora Capital Group. Financial terms of the deal were not disclosed.
DuBois Chemicals manufactures chemical products for a variety of uses, including: metal finishing, paint pre-treatment, lubricants, paper chemicals, water treatment, equipment cleaning, food processing cleaning, finished goods manufacturing, and transportation cleaning. The company is headquartered in Sharonville, Ohio and also provides services that aid in manufacturing heavy construction equipment and agricultural equipment. Harris Williams & Co. served as financial adviser to DuBois Chemicals.
The Jordan Co. is a middle-market private equity firm based in New York and Chicago. Founded in 1982, the firm manages more than $8 billion in assets. The Jordan Co. received an investment from The Riverside Co.’s minority investment vehicle, called The Riverside Strategic Capital Fund, as part of the DuBois Chemicals transaction.
Aurora is a Los Angeles-based private equity firm that manages more than $2.5 billion in assets. The firm focuses on making control investments in middle-market businesses. The firm’s current investments include: Ames Taping Tools, Joerns, Market Track, Industrial Container Services, Restaurant Technologies Inc., and Zywave. Aurora has previously sold two portfolio companies Mitchell International Inc. and Adco Global Inc.
Recent deals for specialty chemical companies include: Maroon Group LLC’s acquisition of Lincoln Fine Ingredients; Platte River Equity’s purchase of Tiger-Sul Products LLC, a maker of crop performance products for the agricultural and industrial sector; and Hastings Equity Partners’ acquisition of Impact Chemical Technologies, a chemical maker to the oil and gas industries.