Key Takeaways
- • Gemspring Capital's portfolio company Shrieve Chemical has acquired Clear Solutions, a UK drilling fluids maker based in Wem, England.
- • Clear Solutions develops water-based drilling fluid systems sold under the Pure-Bore brand.
- • The deal extends Shrieve Chemical's position in the drilling fluids and specialty chemicals sector through a UK acquisition.
- • The source article does not disclose the purchase price or other transaction terms.
Summary
Shrieve Chemical, a portfolio company of Gemspring, has acquired UK drilling fluids manufacturer Clear Solutions, according to PEI Private Equity. Clear Solutions is based in Wem, England, and develops water-based drilling fluid systems marketed under the Pure-Bore brand.
The acquisition brings a UK-based drilling fluids business into the Shrieve Chemical platform, adding a European production and product footprint to the company's existing operations. Water-based drilling fluid systems are a core product category in oilfield and drilling services, and the transaction reflects continued consolidation activity in that segment by private equity-backed operators.
The primary source does not disclose the consideration paid, the seller, or post-closing integration plans. Readers seeking valuation or financing details should consult subsequent filings or additional coverage of the transaction.
The acquisition brings a UK-based drilling fluids business into the Shrieve Chemical platform, adding a European production and product footprint to the company's existing operations. Water-based drilling fluid systems are a core product category in oilfield and drilling services, and the transaction reflects continued consolidation activity in that segment by private equity-backed operators.
The primary source does not disclose the consideration paid, the seller, or post-closing integration plans. Readers seeking valuation or financing details should consult subsequent filings or additional coverage of the transaction.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.