Key Takeaways
- • Shrieve Chemical Company, a Gemspring Capital portfolio company, has acquired Clear Solutions International; terms were not disclosed.
- • Clear Solutions, founded in 2003 and based in Wem, England, makes water-based drilling fluids sold under the Pure-Bore brand for oil and gas, geothermal, tunneling, mining, geotechnical, well abandonment and horizontal directional drilling work across the UK, Europe and North America.
- • The transaction follows Shrieve's acquisition of Research Solutions Group earlier in the same month and expands its energy and infrastructure business.
- • Shrieve, founded in 1978 and headquartered in The Woodlands, Texas, distributes nearly 1,500 chemical products in more than 40 countries.
Summary
Shrieve Chemical Company, a portfolio company of Gemspring Capital, has acquired Clear Solutions International, according to the publisher's announcement. Terms of the deal were not disclosed.
Clear Solutions, founded in 2003 and based in Wem, England, manufactures water-based drilling fluids marketed under the Pure-Bore brand. Its products are used by drilling crews across oil and gas, geothermal, tunneling, mining, geotechnical, well abandonment and horizontal directional drilling applications in the UK, Europe and North America.
Shrieve, founded in 1978 and headquartered in The Woodlands, Texas, distributes nearly 1,500 chemical products in more than 40 countries. Joey Gullion, Shrieve's chief executive, said the acquisition expands the company's capabilities in energy and infrastructure.
The deal comes shortly after Shrieve's acquisition of Research Solutions Group earlier in the month, indicating a sustained push to build out its energy and infrastructure franchise. Gemspring Capital, based in Westport, Connecticut, has $5.1 billion under management.
Clear Solutions, founded in 2003 and based in Wem, England, manufactures water-based drilling fluids marketed under the Pure-Bore brand. Its products are used by drilling crews across oil and gas, geothermal, tunneling, mining, geotechnical, well abandonment and horizontal directional drilling applications in the UK, Europe and North America.
Shrieve, founded in 1978 and headquartered in The Woodlands, Texas, distributes nearly 1,500 chemical products in more than 40 countries. Joey Gullion, Shrieve's chief executive, said the acquisition expands the company's capabilities in energy and infrastructure.
The deal comes shortly after Shrieve's acquisition of Research Solutions Group earlier in the month, indicating a sustained push to build out its energy and infrastructure franchise. Gemspring Capital, based in Westport, Connecticut, has $5.1 billion under management.
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