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Announced

Completed

Balmoral Funds completed the acquisition of Trecora Resources for $247m.

Financials

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Transaction Value£200m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.8x
EV/EBITDA11.4x
Share Price Premium29.9%
One Off Charge-

Tags

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Domestic

Friendly

Privatisation

Single Bidder

Public

Acquisition

Chemicals: Diversified

mineral properties

pipeline operator

petrochemical products

United States

Private Equity

Majority

Completed

Synopsis

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Balmoral Funds, a Los Angeles-based private equity fund, completed the acquisition of Trecora Resources, a provider of specialty hydrocarbons and specialty waxes, for $247m. "We are delighted to announce this transaction with Trecora and are eager to execute on its growth plan. Having followed Trecora for years, we're encouraged by its strong customer relationships and product demand. This is Balmoral's fourth acquisition in the chemicals sector and we are excited to contribute to Trecora's continued success as a private company," David Shainberg, Balmoral Managing Director.

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