Los Angeles-based buyout shop Aurora Capital Group has acquired DuBois Chemicals Inc. The seller was The Riverside Co. Terms were not disclosed. DuBois is based in Sharonville, Ohio.
Aurora Capital Group, a Los Angeles-based private equity firm (“Aurora”), today announced that it has acquired DuBois Chemicals, Inc. (“DuBois”), a leading provider of value-added specialty chemical solutions and services, from The Riverside Company (“Riverside”). Terms of the transaction were not disclosed.
DuBois offers a broad range of proven and customized chemicals solutions predicated upon superior customer service and technical support. Differentiated solutions offered by DuBois reduce downtime, minimize defects, extend equipment life and generate high return on investment for customers in mission-critical applications. DuBois has an established track record of new product development and innovation with superior in-house research and development and engineering capabilities. DuBois’ extensive, highly technical sales staff, “high touch” approach to customer service and diverse business model drive strong and consistent financial performance. DuBois serves customers across a broad array of industries, including: the industrial, transportation, pulp and paper and water markets.
Mark D. Rosenbaum, Partner of Aurora, said, “We look forward to working closely with Jeff Welsh and DuBois’ management team to build the Company and help DuBois achieve its business objectives. With opportunities to accelerate expansion and product innovation in the specialty chemical solutions and services market, DuBois has a promising growth trajectory and is well-positioned to offer value-added solutions and services to customers throughout North America and abroad.”
Jeff Welsh, Chief Executive Officer and President of DuBois, said, “Aurora is the right partner for DuBois as we enter the next phase of our company’s growth and we look forward to working with them to achieve our future goals. I believe that with the continued leadership of our experienced management team, the dedication of our hard-working employees and the operational and financial expertise of our new owners, DuBois will continue to meet the critical needs of our regional, national and international customers and provide them with superior quality, environmentally responsible and cost-effective products for many years to come.”
GE Capital, BMO Harris Bank and KeyBanc Capital Markets provided senior debt financing, and Northwestern Mutual provided subordinated debt financing for the transaction. BMO Capital Markets Corp. and KeyBanc Capital Markets acted as co-acquisition advisors to Aurora, and Gibson Dunn & Crutcher LLP acted as legal advisor to Aurora.
About Aurora Capital GroupAurora Capital Group is a Los Angeles-based private investment firm managing over $2.0 billion of capital across several private equity funds. Aurora’s traditional private equity vehicle, Aurora Equity Partners, focuses principally on control-investments in middle-market businesses with leading market positions, strong cash flow profiles, and actionable opportunities for growth in partnership with operating management. Aurora Resurgence invests in debt and equity securities of middle-market companies and targets complex situations including corporate carve outs. Aurora’s investors include leading pension funds, endowments and foundations active in private equity investing. For more information about Aurora Capital Group, visit: www.auroracap.com .
About DuBois Chemicals, Inc.DuBois is a leading specialty chemicals manufacturer based in Sharonville, Ohio. Founded in 1920, DuBois makes specialty chemical solutions for the manufacturing industry in North America, and is expanding into selected market sectors around the world. DuBois is committed to building sustainable partnerships with customers that also reduce total cost through the delivery of innovative solutions that are lean, green and clean. DuBois specializes in the areas of metal finishing/paint pretreatment, metalworking/lubricants, water/wastewater treatment, maintenance/equipment cleaning, paper chemicals, food processing cleaning/sanitizing, and transportation cleaning.