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One Rock Capital Partners Sells Compass Chemical to Italmatch Chemicals
NEW YORK, June 7, 2016 – One Rock Capital Partners, LLC (“One Rock”) announced today that one of its affiliates has sold Compass Chemical International, LLC (“Compass”) to Italmatch Chemicals Group (“Italmatch”), a leading global chemicals group that specializes in the manufacture and marketing of performance additives for lubricants, water treatment and oil & plastics. Compass is the largest independent manufacturer of organophosphonates in North America and provides products for water treatment, oil & gas and various other applications. The acquisition of Compass provides Italmatch with a significant presence in the attractive North American market following its acquisition of Solvay’s Desalination and Phosphonates / Phosphonic acid-based water additives business. With the acquisition, Italmatch will have manufacturing facilities in Smyrna, GA and Huntsville, TX where it will start to manufacture its global Dequest product line. “Compass has built a reputation as the leading North American provider of scale-inhibition and anti-corrosion products,
One Rock Capital Partners to Acquire Certain Downstream Assets from Chevron
NEW YORK, April 19, 2016 — Island Energy Services, LLC, a wholly owned subsidiary of One Rock Capital Partners, LP (“One Rock”) announced today that it has signed an agreement to acquire from Chevron U.S.A. Inc. (“Chevron”) certain refining, distribution and retail assets located in Hawaii, including the 58,000 barrel-per-day refinery in Kapolei, Chevron’s interests in a network of 58 retail service stations, four product distribution terminals on Oahu, Maui, Kauai and Hawaii Island, pipeline distribution systems and other related downstream assets statewide. Financial terms of the transaction were not disclosed. The agreement is subject to customary regulatory approvals and is expected to be completed during the second half of 2016. “Chevron has an excellent industry reputation for the quality and reliability of its products and services,” said One Rock Managing Partner Tony W. Lee. “We look forward to building upon the strong foundation that Chevron has established in Hawaii