Gemspring Capital has closed a continuation vehicle to acquire interests in Shrieve Chemical Company, aiming to support its growth through strategic investments and partnerships.

Information on the Target

Shrieve Chemical Company, established in 1978 and headquartered in The Woodlands, Texas, stands as a premier value-added chemical distributor. The company operates across a myriad of sectors, including industrial, food ingredients, water treatment, agriculture, energy, and specialty lubricants, catering to a global customer base. Since acquiring Shrieve in December 2019, Gemspring Capital has played a crucial role in the company's growth by significantly enhancing its product offerings and management capabilities, expanding its sales force, and diversifying its markets through five strategic acquisitions.

Under the leadership of CEO George Fuller, Shrieve has capitalized on Gemspring's operational and financial support to explore new markets, recruit essential personnel, and elevate its service quality. The extension of their partnership allows for continued investment in organic growth and future acquisitions, positioning Shrieve for further success in the competitive chemical distribution landscape.

Industry Overview in the United States

The U.S. chemical distribution industry has been experiencing notable growth, fueled by rising demand from various sectors such as construction, automotive, and healthcare. A key driver of this expansion is the increasing interest in sustainabl