Windjammer Capital Completes Acquisition of MFG Chemical

Windjammer Capital has announced the acquisition of MFG Chemical, a developer and manufacturer of specialty chemicals that cater to various end markets, including water treatment and industrial coatings.

Windjammer’s investment will fuel MFG’s ongoing growth by enhancing operational excellence, advancing product development to broaden its portfolio and market presence, and pursuing strategic acquisitions.

“MFG Chemical is highly aligned with Windjammer’s strategy of partnering with engineering and material science driven niche market leaders that provide mission-critical products and services,” said Rob Quandt, Managing Director at Windjammer Capital. “The company’s differentiated formulation capabilities and strong customer relationships provide a solid foundation for long-term growth.”

“We are excited to partner with Windjammer as we build on MFG’s more than four decades of history,” said Paul Turgeon, Chief Executive Officer of MFG Chemical. “Windjammer’s experience scaling industrial manufacturing businesses and their collaborative approach make them an ideal partner as we continue to invest in our people, expand our capabilities, and serve our customers.”

“MFG’s ability to develop and manufacture complex chemistries for critical applications makes it an attractive platform within specialty chemicals,” said Greg Bondick, Managing Principal at Windjammer Capital. “We look forward to partnering with the management team to support the company’s next phase of growth.”

Piper Sandler & Co. served as the exclusive financial advisor to Windjammer, with legal counsel provided by Kirkland & Ellis. Grace Matthews acted as the financial advisor to the sellers, while Bartlit Beck served as their legal counsel.

Source: Windjammer Capital