Opengate Capital Acquires Specialty Solvent And Chemical Distribution Business Chemisphere Corp.
01/18/22, 1:02 PM
Industry
software
manufacturing
hardware
OpenGate Capital, a global private equity firm, announced today that it has acquired Chemisphere Corp. (“Chemisphere”), a specialty solvent blender and chemical distributor. Chemisphere was acquired from its founder, Mr. Bob Schwent, and is a highly complementary business to Chemsolv, Inc., acquired by OpenGate Capital earlier this month. Combined, the two businesses form a strong platform, poised for organic growth and future add-on acquisitions. Terms of the acquisition were not disclosed.
Company Info
Company info
OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation, and growth. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California with a European office in Paris, France. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate, build, and scale successful businesses. To date, OpenGate Capital, through its legacy and fund investments, has executed more than 30 acquisitions including corporate carve-outs, management buyouts, special situations, and transactions with private sellers across North America and Europe. To learn more about OpenGate, please visit www.opengatecapital.com.