HOUSTON, December 9, 2013: Porter Hedges LLP represented Flowchem Ltd. (“Flowchem”), a leading specialty chemical provider to the pipeline industry, in its acquisition by Arsenal Capital Partners (“Arsenal”), a New York-based private equity firm that invests in middle-market specialty industrial and healthcare companies.
Founded in 2001, and headquartered in Waller, Texas, Flowchem is a leading provider of Drag Reducing Additives (DRAs) to improve pipeline flow in onshore and offshore pipeline applications. The company’s DRAs reduce drag and turbulence in petroleum pipelines in order to increase throughput capacity and energy efficiency, providing significant cost savings to pipeline operators. Flowchem also provides complementary services and equipment to its global customer base. The company has two operating facilities in Texas.
Arsenal Capital Partners is a leading New York-based private equity firm that invests in middle-market specialty industrial and healthcare companies. Arsenal makes investments in sectors where the firm has significant prior knowledge and experience. Arsenal targets businesses that have the potential for further value creation by working closely with management to accelerate growth and leverage the firm’s operational improvement capabilities. Arsenal currently has $1.7 billion of committed equity capital.
Porter Hedges initially organized Flowchem on January 10, 2001 and has represented the company ever since.
For additional information, please see the Arsenal press release here.