<ul><li>Gemspring Capital has completed a single-asset continuation fund for Shrieve Chemical, a portfolio company under Gemspring’s ownership since December 2019.</li><li>The new fund organized with lead investor StepStone Group acquires Shrieve Chemical and allocates capital for follow-on investments and operational needs.</li><li>Shrieve Chemical is a distributor specializing in industrial chemicals, fluids, specialty lubricants, and operates across four divisions.</li><li>Gemspring and Shrieve plan to utilize additional financial resources to expand and remain a consolidator of choice in the chemical distribution industry.</li></ul>

StepStone Steps Up for Shrieve Chemical

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