Jordan Company divests DuBois Chemicals assets to Altas Partners
Altas Partners, a Canadian investment company, has entered into a definitive agreement with The Jordan Company to acquire DuBois Chemicals, a specialty chemical supplier, for an undisclosed amount.
DuBois provides mission-critical and innovative products to more than 15,000 customers worldwide by integrating local high-touch technical service, strong R&D capabilities, customized equipment solutions, and manufacturing expertise.
Jeff Welsh – president and CEO of DuBois said: “We chose to partner with Altas because their team shares our conviction and excitement regarding the long-term opportunity for DuBois, making the firm an ideal partner as we enter our next phase of growth.
“With Altas’ support, we look forward to continuing the development of the business through both organic growth and continued selective acquisitions.
“We greatly appreciate the support we’ve received from The Jordan Company, and we thank them for their guidance and partnership.”
Jordan Company sells DuBois Chemicals assets to Altas Partners. Image courtesy of Stuart Miles/Freedigitalphotos.net.
In addition to improving quality and efficiency, DuBois’s suite of solutions and services will help customers minimize chemical, water, labour, and energy costs.
David Brent – partner, Altas said: “For Altas, this investment is the culmination of a multi-year effort to identify a world-class platform and team that we can partner with in the specialty chemicals industry.”
Expected to close in the second half of 2019, the transaction is subject to customary closing conditions and regulatory approvals.
The Jordan Company acquired DuBois Chemicals from Aurora Capital in 2017.
Altas Partners manages over C$6 billion on behalf of endowments, foundations, public pension funds, and other institutional investors while The Jordan Company has managed funds with original capital commitments more than US$11 billion since 1987.