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Lindsay Goldberg to Acquire EMCO Chemical Distributors

via Business Wire

Lindsay Goldberg, a leading private equity firm focused on partnering with families and founders, today announced it has agreed to acquire EMCO Chemical Distributors (“EMCO” or the “Company”), a founder-owned distributor of industrial chemicals, primarily serving the midwestern United States. Financial terms of the transaction were not disclosed.

Founded by Edward Polen in 1971 and headquartered in Pleasant Prairie, Wisconsin, EMCO is one of the largest independent chemical distributors in North America. With over 500 employees, EMCO distributes, blends, and packages more than 5,000 SKUs to over 4,000 customers across a wide range of end markets. The Company operates eight distribution and packaging facilities, an application lab, an environmental services facility, and a dedicated delivery fleet that enables just-in-time distribution.

“Our investment in EMCO is the culmination of a multi-year relationship with EMCO founder Edward Polen,” said John Holland and Eric Fry, Partners at Lindsay Goldberg. “EMCO stands out for its stellar reputation, enduring supplier relationships, loyal employee base, and unmatched infrastructure in the region. We believe these strengths underpin EMCO’s position as a market leader, and we look forward to working with EMCO’s management team to support its future growth.”

EMCO’s founder and CEO, Edward Polen, remarked “Building EMCO over the last 54 years has been the greatest privilege. From the start, I set out to build a company where people matter – where we are true partners to our suppliers and customers and where our employees are empowered to make a difference. I’m proud of the culture we’ve built at EMCO. It is critical to our success, and I know that Lindsay Goldberg is the right partner to carry our culture forward.”

Frank Bergonzi, a Lindsay Goldberg Affiliate Partner and seasoned chemicals industry executive, will be appointed Executive Chairman of the Board of Directors of EMCO upon Edward’s retirement at the closing of the transaction. Frank Bergonzi commented, “I have known and respected Edward Polen and the EMCO platform for the last 30 years. I am excited to work alongside EMCO’s talented management team as we expand into new products and markets. Together, we will grow EMCO and further build upon Edward’s remarkable legacy.”

Advisors

Latham & Watkins acted as legal advisor to Lindsay Goldberg. Chemlink Partners and JPMorgan acted as financial advisors to Lindsay Goldberg on the transaction. Aronberg Goldgehn acted as legal advisor to EMCO.

About Lindsay Goldberg

Lindsay Goldberg is a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses. Since 2001, Lindsay Goldberg has raised over $22 billion of equity capital and has invested in more than 60 platform companies and over 350 add-ons. The firm focuses on three sectors that typically demonstrate resilience across economic cycles: industrials, services, and healthcare. Lindsay Goldberg takes a relationship-driven approach and is supported by its global network of affiliate partners. For more information about Lindsay Goldberg, please visit www.lindsaygoldbergllc.com.

About EMCO Chemical Distributors

EMCO Chemical Distributors is a leading distributor, custom blender, and packager of chemicals in North America. The Company distributes and packages more than 300 million pounds of chemicals annually for over 4,000 customers across a variety of industries. EMCO operates eight distribution and packaging facilities, an application lab, and an environmental services facility. The Company maintains a state-of-the-art ISO 8 Class 100,000 clean room, ISO 9001 certification, and is FSSC 22000 certified and recognized by the Global Food Safety Initiative.

For more information about EMCO, please visit https://www.emcochem.com,

or our YouTube channel https://www.youtube.com/@emcochemicaldistributorsin862/.

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