Sale to DuBois Chemicals, Inc.

Industrial
Sale to DuBois Chemicals, Inc.

Summary

Baird served as the exclusive financial advisor to TWH Water Treatment Industries, Inc. on this transaction

About

TWH Water Treatment Industries, Inc. (“Water Treatment Solutions” or the “Company”), a subsidiary of Triwater Holdings LLC (“Triwater Holdings”), which is a portfolio company of The Edgewater Funds (“Edgewater”) and JZ Capital Partners (“JZCP”), was recently acquired by DuBois Chemicals, Inc. (“DuBois”), a portfolio company of The Jordan Company (“TJC”). Terms of the transaction were not disclosed.

Water Treatment Solutions is a leading provider of expertly managed water treatment program solutions for national, regional and local customers across diverse end markets. The Company’s chemical-based treatment programs protect mission critical assets, reduce energy / water usage and improve asset efficiency and longevity by preventing scale formation on heat exchange surfaces, minimizing other surface deposits and inhibiting corrosion. Water Treatment Industries is headquartered in Rosemont, Illinois.

Triwater Holdings is a leading provider of products, services and technologies that address critical water issues. Triwater Holdings serves the water treatment and water infrastructure repair markets through multiple distribution channels to customers. Triwater Holdings is headquartered in Rosemont, Illinois.

The Edgewater Funds is a private equity firm focused on investing in middle-market companies, with over $2.7 billion of capital commitments raised since 2001. Edgewater is headquartered in Chicago, Illinois.

JZ Capital Partners is a closed-end fund, listed on the London Stock Exchange, with more than $1 billion of assets under management. JZCP invests selectively in United States and European microcap companies and United States real estate. JZCP receives investment advice from Jordan/Zalaznick Advisers, Inc. which has teams of investment professionals in New York, Chicago, London and Madrid.

DuBois provides consumable, value-added specialty chemical solutions and services to the middle-market manufacturing industry as well as the consumer car wash and fleet transportation markets. DuBois offers over 7,000 unique product formulations including cleaners, metal working fluids, finishing chemicals, lubricants, detergents, sealants, protectants, sanitizers and conditioners, among others. DuBois is headquartered in Sharonville, Ohio.

The Jordan Company, founded in 1982, is a middle-market private equity firm that manages funds in excess of $8 billion with a 35-year history of investing in and contributing to the growth of businesses across a wide range of industries. The senior investment team has been investing together for over 20 years. TJC is headquartered in New York, New York, with an additional office in Chicago, Illinois.
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Industrial
Sale to DuBois Chemicals, Inc.
Date
September 2018
Company
TWH Water Treatment Industries, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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