Leading Distributor of Commodity Chemicals
Completes Sale to Univar Solutions
DALLAS, July 2, 2024
/PRNewswire/ -- Pinecrest Capital Partners ("Pinecrest") is pleased
to announce that Valley Solvents & Chemicals ("Valley
Solvents"), a long-time distributor of commodity chemicals and
provider of waste management services in Texas and the Gulf Coast Region, has been
acquired by Univar Solutions LLC ("Univar Solutions"). Pinecrest
served as the exclusive advisor to Valley Solvents in this
transaction.
Valley Solvents was originally founded by Harry G. Davis in 1952 and has since been led by
Harry's son, Bill Davis, who served
as President and CEO. Over the past 72 years, Valley Solvents has
grown to become a key regional chemical distributor, providing a
comprehensive range of chemical solutions and services, from
delivery to disposal. Valley Solvents caters to more than 1,000
customers with a diverse portfolio of bulk and packaged products,
custom blending, and waste disposal services. The acquisition of
Valley Solvents expands and reinforces Univar Solution's local
chemical distribution network and value-added services in the
region, while also strengthening its environmental services
capabilities.
Pinecrest Senior Managing Director Barrett Kingsriter, Managing Director
Bobby Renkes, Director Geoff Dunham, and Associate Luke Dodson served
as the investment bankers on the transaction.
"I am so proud of the business my family and our team have
helped build over many decades, and we are excited to have
completed this transaction with Univar Solutions. Becoming part of
the largest chemical distributor in the
United States is a significant moment and opportunity for
the company and helps ensure continued success and innovation for
our customers, suppliers, and employees," said Bill Davis, President of Valley Solvents.
"Pinecrest did an exceptional job of leading us through this
process from beginning to end. They showed a clear grasp of our
objectives and a deep respect for the legacy of our business and
ran an efficient process that resulted in a transaction that was
the best result for Valley Solvents and the Davis family. It was a
delight to work with the Pinecrest team and their character and
professionalism were top-notch."
Barrett Kingsriter of Pinecrest
added, "Bill Davis and his team have
built a best-in-class distribution and waste services company,
oriented around providing the best service possible to its
customers for over 70 years. It was an honor to work with Bill and
the Valley Solvents team and to help them achieve this milestone.
We look forward to seeing the ongoing success that we know the
company will have alongside Univar."
Testimonials may not be representative of the experience of
other customers and are no guarantee of future performance or
success.
Barrett Kingsriter and
Bobby Renkes are registered
representatives of Securities and Investment Banking Services,
offered through BA Securities, LLC Member FINRA SIPC. Pinecrest
Capital Partners and BA Securities, LLC are separate and
unaffiliated entities.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/pinecrest-serves-as-exclusive-financial-advisor-to-valley-solvents--chemicals-302184947.html
SOURCE Pinecrest Capital Partners