CHATTANOOGA, Tenn. (March 20, 2012) - FourBridges Capital Advisors today announced the sale of Southern Water Consultants, Inc. to General Chemical Performance Products, LLC. Based in Decatur, Ala., Southern Water is a specialty chemical manufacturer focused on producing water treatment chemicals for industrial, municipal and commercial applications.
“FourBridges understands the specialty chemical market and the commodities that influence our profits,” says John Peters, one of the former owners of Southern Water. “I’m pleased with how they managed the transaction and reached more than 50 potential buyers.” FourBridges typically works with closely held companies, helping business owners to negotiate attractive deals when the time is right to sell.
Under the guidance of the FourBridges professionals, Southern Water was sold to General Chemical, headquartered in Parsippany, N.J. A portfolio company of New York-based American Securities, General Chemical serves a range of markets, including water treatment, oil refining, chemical processing and agriculture.
"General Chemical looks forward to partnering with Southern Water's experienced management team to expand their proven coagulant technologies across our 37 water treatment production facilities in North America," says Douglas McFarland, Director of Business Development for General Chemical.
“This acquisition reflects the ongoing consolidation of the North American specialty chemical business, like DuPont’s acquisition of MECS last year,” says Dewey Hammond, Managing Director at FourBridges Capital Advisors. He says FourBridges has a number of opportunities in the pipeline to help privately and closely held chemical companies maximize value despite the relatively stagnate North American specialty chemicals market.
About Southern Water Consultants, Inc.
Based in Decatur, Ala., Southern Water is a specialty chemical manufacturer focused on the production of water treatment chemicals for industrial, municipal and commercial applications. Established in 1989, the company is a leading producer of aluminum chlorhydrate (ACH) and polyaluminum chloride (PAC), which are used as effective and economical technologies for treating potable water.
About General Chemical Performance Products, LLC
With almost 50 North American facilities, General Chemical serves a range of markets, including water treatment, oil refining, chemical processing and agriculture. It is a portfolio company of New York-based American Securities and is headquartered in Parsippany, N.J.
About FourBridges Capital Advisors (Member FINRA/SIPC)
FourBridges Capital is a middle market investment banking firm based in Chattanooga, Tenn., that represents business owners in buying companies, selling companies and accessing capital for growth. The senior professionals at FourBridges have been corporate C-level executives (CEO or CFO), and they leverage their extensive capital markets experience to achieve superior results for their clients.
For more information about this transaction, please contact Dewey Hammond at (423)266-4809 or Chris Rowe at (423)266-4630.
FourBridges Capital Advisors is a middle market investment bank providing sell-side, buy-side, capital raising,restructuring, and strategic advisory services primarily to closely-held and family-owned businesses. FourBridges is based in Chattanooga, Tennessee, and serves clients in cities across the Southeast, including Atlanta, Nashville, Birmingham, Memphis, Knoxville and Huntsville.