Gaylord Chemical Co. LLC and EagleTree Capital, on behalf of its private equity fund EagleTree Partners IV, have announced that EagleTree has acquired a majority stake in Gaylord.
Gaylord’s CEO, Paul Dennis, and other existing shareholders will retain a significant stake in the company. Co-investors, including the Alberta Teachers’ Retirement Fund Board and Farol Asset Management, are investing alongside EagleTree. Terms of the transaction were not disclosed.
Gaylord manufactures dimethyl sulfide (DMS) and dimethyl sulfoxide (DMSO), environmentally safe, non-toxic solvents with a variety of commercial applications in agriculture, microelectronics, petrochemical, pharmaceutical and other end markets. The company is headquartered in Slidell, Louisiana, US with manufacturing operations in Tuscaloosa, Alabama, US.
Lincoln International served as financial advisor and Baker McKenzie LLP served as legal advisor to Gaylord. Jones Day served as legal advisor to EagleTree. Twin Brook Capital Partners served as administrative agent on financing to support the transaction.