Posts by ewtllc
Trecora LLC, an Affiliate of Balmoral Funds, Acquires Chemtrade Logistics’ Lubricant Additives Business in Lawrence, KS
(The Woodlands, TX) – Trecora LLC, has acquired the lubricant additives business of Chemtrade Logistics based in Lawrence, KS. The business, one of North America’s leading producers of Phosphorus Pentasulfide (P2S5), will be part of Trecora’s Specialty Chemicals business headquartered in the Woodlands, TX. Trecora is North America’s leading producer of high purity hydrocarbons. “We are…
Read MoreBalmoral sells KP Aviation, a leading provider of aerospace aftermarket sale and leasing services
Balmoral Funds LLC, a Los Angeles-based private equity firm, is pleased to announce the successful conclusion of its longstanding partnership with KP Aviation (or the “Company”). The partnership, which began in 2008, saw Balmoral provide strategic support and capital to fuel KP Aviation’s impressive growth. During the partnership, Balmoral made nondilutive capital investments in KP…
Read MoreEnesco, LLC to be acquired by Ad Populum, LLC
January 05, 2023 – Balmoral Funds LLC (“Balmoral”) announced today the sale of Enesco, LLC (“Enesco” or the “Company”) to Ad Populum, LLC (“Ad Populum”). Financial terms of the transaction were not disclosed. For 60+ years, Enesco has been a leader in the gift, home accent and collectible markets. Based in Itasca, IL, the Company…
Read MoreBalmoral Funds LLC is pleased to announce the closing of our Special Situations Fund IV
Balmoral Funds LLC is pleased to announce the closing of our Special Situations Fund IV with $445 million of committed capital. This new fund allows Balmoral to continue to partner with experienced management teams and operators to help lead their companies through complex or challenging circumstances. Balmoral Funds has expertise in a wide variety of industries…
Read MoreBalmoral Funds, LLC Completes Acquisition of Trecora Resources
June 27, 2022 Balmoral Funds LLC has acquired Trecora Resources (NYSE: TREC), a publicly traded specialty chemicals producer via a take-private transaction for $9.81/share. Trecora operates two facilities near Houston, Texas, including a specialty petrochemicals facility focused on producing high-purity hydrocarbons and a specialty wax facility. Trecora also provides custom processing services at both facilities.…
Read MoreEpsilyte’s Crocker wins first Carteaux award
Brad Crocker, the CEO of materials maker Epsilyte LLC, has been awarded the inaugural William R. Carteaux Leadership Award from the Plastics Industry Association Carteaux led the association from 2005 until he passed away from leukemia in December 2018. In late 2020, the group created the award in Carteaux’s honor to recognize an industry executive…
Read MoreAffiliate of Balmoral Funds Agrees to Purchase Resco Products, Inc. (“Resco”)
(Pittsburgh, PA) — An affiliate of Balmoral Funds LLC has signed and closed on a definitive agreement to purchase Resco Products, Inc, a leading refractory manufacturer, from an affiliate of Wellspring Capital Management LLC. Industry veteran Kevin Handerhan, who will serve as Chairman, co-led the acquisition for Balmoral along with several of Balmoral’s investment professionals…
Read MoreEpsilyte acquires StyroChem to expand capacity and customer solutions
1 October 2021 – Epsilyte Holdings LLC, a leading provider of advanced materials for building insulation, cold-chain packaging, and personal safety equipment has acquired StyroChem Canada, Ltd., a leading North American producer of expandable polystyrene (EPS) located in Baie d’Urfe, Quebec. Epsilyte is owned by Balmoral Funds and management. This acquisition creates one of the…
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