Arsenal Capital Partners, a New York-based private equity firm, has acquired Flowchem Ltd., a specialty chemical provider to the pipeline industry.
Headquartered in Waller, Texas, Flowchem provides drag-reducing additives (DRAs) to improve pipeline flow in onshore and offshore pipeline applications. The company’s DRAs are designed to reduce drag and turbulence in petroleum pipelines in order to increase throughput capacity and energy efficiency, providing cost savings to pipeline operators.
Flowchem joins Arsenal’s portfolio of investments in the specialty industrials sector. PPHB acted as financial advisor, and Porter Hedges LLP acted as legal advisor to Flowchem. Kirkland & Ellis LLP acted as legal advisor to Arsenal.