Integrated Advantage Group LP (“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.
and its subsidiaries
have been recapitalized by a chemicals-focused investor group
Grace Matthews advised Smart Chemical Services