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Gemspring’s Shrieve Chemical Bonds with Carbon Group
- Shrieve Chemical, a Gemspring Capital portfolio company, has acquired Carbon Chemicals Group.
- Gemspring organized a continuation fund for Shrieve in October 2024, with lead investor StepStone Group.
- Shrieve operates across four divisions: Chemical Distribution, Specialty Lubricants, Energy Products and Services, and Custom Packaging.
- The company supplies chemicals to various industries and offers services like toll manufacturing and ammonia system maintenance.
- Shrieve's energy products division provides base oils and drilling fluid additives for various activities.
- The acquisition of Carbon Chemicals is the second add-on by Shrieve since the continuation fund formation.
- Carbon Group is a distributor of chemicals, food ingredients, agricultural products, and paints across Europe.
- Gemspring focuses on investing in companies with revenues of up to $500 million in various sectors.
- Gemspring recently closed two funds, managing a total of $3.4 billion in capital.
- KPMG Corporate Finance and Grant Thornton Ireland served as financial advisors for Carbon Group.
- Shrieve aims to expand its specialty chemical product portfolio through such investments.
- The company serves over 1,500 SKUs from 600 suppliers in 40 countries across different sectors.
- Shrieve was founded in 1978 and is headquartered in Texas, with global facilities in key locations.
- The acquisition of Carbon Group enhances Shrieve's capabilities and product offerings.
- Gemspring invests in sectors like aerospace, defense, healthcare, and specialty manufacturing, besides others.
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