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One Rock Capital Partners Completes Acquisition Of Eastman Chemical'S Tire Additives Business, Renames Company Flexsys

Nov 01, 2021•about 4 years ago

Acquiring Company

One Rock Capital Partners, Llc

Acquired Company

Eastman Chemical

New York

Description

One Rock Capital Partners, LLC ("One Rock"), a value-oriented, operationally focused private equity firm, today announced that one of its affiliates has completed the previously announced acquisition of the tire additives business of Eastman Chemical Company ("Eastman";NYSE: EMN), a leader in critical specialty chemicals for the tire industry with a global asset footprint and superior technical services.

Company Information

Company

One Rock Capital Partners, Llc

Location

New York, United States

About

One Rock makes controlling investments in companies with potential for growth and operational improvement using a rigorous approach that utilizes highly experienced Operating Partners to identify, acquire and enhance businesses in select industries. The involvement of these Operating Partners affords One Rock the ability to conduct due diligence and consummate acquisitions and investments in all types of situations, regardless of complexity. One Rock works collaboratively with company management and its Operating Partners to develop a comprehensive business plan focused on growing the enterprise and its profitability to enhance long-term value. For more information, visit www.onerockcapital.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed