Pritzker Private Capital has acquired Indianapolis-based Vertellus, a specialty chemicals manufacturer. No financial terms were disclosed.
CHICAGO – January 5, 2021 – Pritzker Private Capital (“PPC”), a leader in family direct investing, announced today that it has acquired the Vertellus group of companies (“Vertellus” or “Company”), a specialty chemicals manufacturer. PPC is investing alongside John Van Hulle, President and CEO of Vertellus, as well as other members of the Vertellus management team. Mr. Van Hulle and existing management will continue to lead the business.
Headquartered in Indianapolis, Ind., Vertellus is a leading provider of specialty chemicals for the healthcare, personal care, food & agriculture, coatings and transportation markets. Founded in 1857, Vertellus manufactures more than 700 products that are used in medical devices, vitamins, health & beauty, crop protection, fuel & lube, and other products. The Company serves customers across the globe from 10 manufacturing facilities located in the United States, United Kingdom, India and China.
“Vertellus is a leading specialty chemicals manufacturer with strong growth prospects and a compelling market opportunity,” said Thomas Chadwick, Principal at Pritzker Private Capital. “We are pleased to partner with John and the talented Vertellus team to continue providing best-in-class products and support to its customers. The Company plays an important role in the development and production of in-demand consumer and industrial products, and we look forward to supporting Vertellus on its continued expansion and innovation excellence.”
“Over our 150+ year history, Vertellus has built a culture committed to delivering industry-leading, high-quality products and services to our customers across the end markets we serve,” said Mr. Van Hulle. “Our partnership with Pritzker Private Capital will help us build upon Vertellus’ leading standard of quality, service and safety as we advance our growth strategy. PPC is the ideal partner for our exciting next chapter.”
Michael Nelson, Head of Investing at PPC, added, “Vertellus and PPC share a philosophy of building great companies for the long-term with a strong commitment to customers, employees and our communities. We are thrilled to partner with John and the Vertellus team to continue growing this market-leading business.”
Headquartered in Indianapolis, The Vertellus group of companies was originally founded in 1857 as a manufacturer of niche specialty products. Today, Vertellus is one of the largest providers of unique specialty chemicals used in diverse applications, processes and market sectors, including agriculture, life sciences, industrial specialties, nutrition, personal care and plastics. With 900+ employees, Vertellus serves customers across the globe from its 10 international manufacturing facilities. Vertellus is a Responsible Care® company.
Additional information about Vertellus is available at www.vertellus.com.
About Pritzker Private Capital
Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products, services and healthcare sectors. The firm’s differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds businesses for the long term and is an ideal partner for entrepreneur and family owned companies. Pritzker Private Capital is a signatory to the United Nations Principles for Responsible Investment (PRI). For more information, visit www.ppcpartners.com.