Imperative Chemical Partners, Inc. announced the acquisition of Performance Chemical Company (“PCC”), a leading provider of specialty chemical solutions primarily serving midstream and production operators in the oil and gas industry. This marks Imperative’s second acquisition of the year, following the successful integration of Western Chemical, and represents a key step in expanding its depth and breadth of services, primarily to midstream customers throughout the United States. Terms of the transaction were not disclosed.
Founded in 2009 and headquartered in Midland, TX, PCC is a leading chemical solutions provider in the Permian Basin, offering customized chemical formulations and field application services to protect assets, provide flow assurance, and manage produced water for midstream and upstream oil and gas infrastructure.
Jerry and Burl Fuller, PCC’s CEO and President, will retire after more than 15 years with the company and a distinguished career in the oil and gas specialty chemicals industry.
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“As I step into retirement, I want to express my deepest gratitude to the entire Performance Chemical team,” said Jerry Fuller. “Your dedication, hard work, and passion have been the driving force behind our success over the past 15 years. I’m incredibly excited about the opportunities ahead for each of you. With Imperative’s expertise, resources, and aligned values, I have no doubt the future holds tremendous growth and new possibilities for everyone.”
Garrett Tucker, COO of Imperative, said: “We recognize the exceptional leadership and commitment to customers and employees that have built PCC’s strong reputation. We’re excited to bring on such a high-performing team as we embark on this next chapter and look forward to achieving even more success as one unified organization.” He went on to say, “By combining our technical expertise and distribution network, we see significant opportunities to provide enhanced support and digital capabilities to customers not just in the Permian Basin but across Imperative’s extended geographic footprint.”
“This acquisition is a strategic milestone, expanding our operations to provide best-in-class specialty chemical solutions to our nation’s critical midstream and producing infrastructure and enables us to continue delivering the highest level of customer service by further scaling our operations,” said Ryan Havens, CEO of Imperative. “Additionally, this investment marks another exciting milestone in our ongoing search to identify and acquire value-enhancing organizations that align with our mission and long-term goals,” he added.
SOURCE: PRNewswire