Grace Matthews advises Integrated Advantage Group LP on recapitalization with chemicals-focused investor group
MILWAUKEE (DECEMBER 11, 2018) - Grace Matthews, Inc. and Integrated Advantage Group LP (“IAG”) are pleased to announce that IAG and its subsidiaries, including Smart Chemical Services, Genesis Custom Chemical Blending, and Panhandle Express Energy Services, have completed a recapitalization with a chemicals-focused investor group. IAG will continue to be led by its current management team, including President, CEO, and co-founder Lloyd Brown. Financial terms of the transaction were not disclosed. Grace Matthews, a Milwaukee-based investment bank, advised IAG on this transaction.
Founded in 2008, IAG is a leading, fully integrated service provider of oilfield chemical and water treatment solutions to the oil and gas industry. IAG is headquartered in Amarillo, Texas and has additional offices throughout Texas, New Mexico, and Colorado. The Company leverages its highly technical expertise to provide a process-driven suite of solutions focused on optimizing its customers’ operational performance.
Lloyd Brown commented, “Our team is excited to have a partner that is aligned with the vision we have for our company. Our core mission has been to provide a scientific, process-driven approach to oilfield solutions, and we are looking forward to extending these solutions to current and new customers in the coming years.”
“We believe that IAG is now positioned to expand its already strong reputation in the oil and gas industry,” said Andy Hinz, Managing Director of Grace Matthews. “The IAG management team has established a platform capable of substantial expansion,” added Jon Glapa, Vice President. “We fully expect the management team to leverage its new partners to accelerate the near-term growth of the company.”
Grace Matthews, Inc. served as the exclusive financial advisor to IAG, and Haynes and Boone and Sprouse Shrader Smith acted as IAG’s legal advisors on the transaction.
INTEGRATED ADVANTAGE GROUP
Founded in 2008, Integrated Advantage Group, LP is a leading provider of comprehensive chemical solutions and analytical services for hydraulic fracking, oilfield production, water treatment applications, and downstream applications. Headquartered in Amarillo, the company operates in major oil and gas production regions in the U.S., including the Permian Basin, DJ Basin, Eagle Ford, Four Corners, and Mid-Continent. For more information, visit www.iag-1.com
ABOUT GRACE MATTHEWS, INC.
Grace Matthews, Inc., a Milwaukee-based investment bank, provides merger, acquisition and corporate finance advisory services to private and public companies across the chemical and materials value chain. Grace Matthews is known globally for completing successful chemical industry transactions dating back to the early 1990s. Grace Matthews' principals have completed over 100 transactions involving global corporations such as AkzoNobel, 3M, DuPont, Sherwin-Williams, PPG Industries, Ashland, ICI, Air Products, Landec Corporation, The Home Depot, Hexion Specialty Chemicals, Becker Industrial Coatings, RPM International, Weatherford, BASF, Lubrizol, WR Grace, Axalta, Eastman, and Hempel. For more detailed information on Grace Matthews, visit www.gracematthews.com