Shrieve Chemical Acquires Gilbert & Jones
Shrieve Chemical Company, a portfolio company of Gemspring Capital and a leading, value-added chemicals distributor, announced today that it has acquired Gilbert & Jones, a premiere distributor of industrial chemicals throughout North America. Based in New Britain, Connecticut, Gilbert & Jones delivers a broad product offering to customers across a range of industries and applications, including aerospace, water treatment, fasteners, automotive, electronics, and other industries.
“The Gilbert & Jones acquisition aligns perfectly with our long-term growth strategy and allows us to further diversify our product offerings and expand our reach into new markets. Together, we will capitalize on our collective strengths and capabilities to provide unparalleled service and solutions to our customers. We are excited to welcome the Gilbert & Jones team to the Shrieve family and are looking forward to our combined success,” commented George Fuller, CEO of Shrieve.
Gilbert & Jones Founder and CEO, George Gilbert, added, “Joining forces with Shrieve represents an exciting chapter for Gilbert & Jones. We have always been dedicated to delivering high quality products and services to our customers. With the support and resources of Shrieve, the existing G&J team is confident that we can take our long history of exceptional service and innovation to the next level.”
Gilbert & Jones was advised by Northborne Partners on the transaction.
About Gilbert & Jones
Gilbert & Jones is a one-stop shop for premium specialty and industrial chemicals to a diverse array of attractive end markets, including aerospace, fasteners, automotive, electronics, and other markets. Based in New Britain, CT, Gilbert & Jones maintains strategic partnerships with 200+ suppliers and 750+ loyal customers, and offers general industrial chemicals, branded proprietary chemicals and other related products. Capabilities include international procurement, multi-sourcing, regulatory compliance, less-than-truckload, inventory management, and other logistics. For more information, visit www.gilbertandjones.net.
Shrieve, based in The Woodlands, TX, is a leading, value-added chemicals distributor serving attractive markets and end-use applications globally. Since its founding in 1978, Shrieve has leveraged its knowledge network to find the best match between suppliers, customer needs, and product applications. Through its four operating segments, Chemical Distribution, Specialty Lubricants and Enhancers, Energy Products and Services, and Custom Packaging, Shrieve markets nearly 1,500 products across more than 40 countries. For more information, visit www.shrieve.com.
Gemspring Capital, a Westport, Connecticut-based private equity firm with $3.5 billion of capital under management, provides flexible capital solutions to middle market companies. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth, value creation and sustainable competitive advantages. Target companies have up to $500 million in revenue and are in the aerospace & defense, business services, consumer, financial and insurance services, healthcare services, industrial services, software and tech-enabled services, or specialty manufacturing sectors. For more information, visit www.gemspring.com.
SOURCE Gemspring Capital