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Opengate Capital Acquires Specialty Solvent And Chemical Distribution Business Chemisphere Corp.

Jan 18, 2022•over 3 years ago

Acquiring Company

OpenGate Capital

Acquired Company

Chemisphere

SoftwareManufacturingHardware

Description

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 Information

Company

OpenGate Capital

About

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 has executed 42 platform acquisitions across North America and Western Europe. It is currently relocating its headquarters to New York City, with a European office in Paris, France.

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