Shrieve Expands Footprint with Carbon Group Acquisition
Deal News | Jun 23, 2025 | Gemspring Capital
Shrieve Chemical Company, backed by private equity firm Gemspring Capital, has expanded its presence in the specialty chemicals market through the acquisition of Carbon Chemicals Group Ltd. Based in Ringaskiddy, County Cork, Ireland, Carbon Group is a full-service distributor specializing in chemicals, food ingredients, pharmaceutical raw materials, and agricultural products. This strategic acquisition bolsters Shrieve's capabilities in serving both the European market and a diverse range of clients, enhancing product offerings and technical expertise. Geoff Broglio from Gemspring Capital expressed excitement for the synergies and growth potential that partnering with Carbon Group presents. In the acquisition process, Carbon Group was advised by KPMG Corporate Finance, with Grant Thornton Ireland and RDJ providing financial and legal support, respectively. Shrieve received advisory services from Greenhill, a Mizuho affiliate, and legal counsel from Paul, Weiss, Rifkind, Wharton & Garrison LLP.
Sectors
- Chemicals
- Private Equity
- Mergers and Acquisitions (M&A)
Geography
- United States – Shrieve Chemical Company is based in The Woodlands, Texas, and Gemspring Capital, its parent, is based in Westport, Connecticut.
- Ireland – The acquired company, Carbon Chemicals Group, is headquartered in Ringaskiddy, County Cork, Ireland.
Industry
- Chemicals – The acquisition involves Shrieve, a chemicals distributor, and Carbon Group, which specializes in chemicals, food ingredients, pharmaceutical raw materials, and agriculture products.
- Private Equity – Gemspring Capital, a private equity firm, is the owner of Shrieve and facilitated the acquisition to expand its portfolio company's market reach.
- Mergers and Acquisitions (M&A) – The article discusses the acquisition transaction between Shrieve Chemical Company and Carbon Chemicals Group.
Financials
- Not disclosed – Terms of the acquisition transaction between Shrieve Chemical and Carbon Chemicals Group.
- $3.8 billion – The amount of capital under management by Gemspring Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Shrieve Chemical Company | Acquirer | Company | A value-added chemicals distributor based in The Woodlands, TX, and a portfolio company of Gemspring Capital. |
| Gemspring Capital | Private Equity Owner | Company | A private equity firm managing capital and focusing on middle market companies, owner of Shrieve Chemical Company. |
| Carbon Chemicals Group Ltd | Target Company | Company | A full-service distributor of specialty chemicals and other products based in Ringaskiddy, Ireland. |
| KPMG Corporate Finance | Lead Advisor to Carbon Group | Company | Provided financial advisory services to Carbon Group in the transaction. |
| Grant Thornton Ireland | Financial Advisor to Carbon Group | Company | Provided sell-side financial support to Carbon Group in the transaction. |
| RDJ | Legal Counsel to Carbon Group | Company | Provided legal counsel to Carbon Group in the transaction. |
| Greenhill, a Mizuho affiliate | Advisory Firm to Shrieve | Company | Provided advisory services to Shrieve Chemical Company in the transaction. |
| Paul, Weiss, Rifkind, Wharton & Garrison LLP | Legal Counsel to Shrieve | Company | Provided legal counsel to Shrieve Chemical Company in the transaction. |