LongRange Capital to acquire US Synthetic from ChampionX for $300m.

LongRange Capital, a private equity firm, agreed to acquire US Synthetic, an innovative company in the energy industry, from ChampionX, a chemistry solutions and highly engineered equipment company, for $300m. “By investing in US Synthetic, we’re not just backing a technology leader, we’re also supporting a company that has built a strong culture and reputation in its industry through a relentless focus on its customers’ needs for nearly 50 years. We look forward to partnering with Rob Galloway and the US Synthetic team to build upon their track record of delivering innovative material technology solutions to the energy industry and broader industrial end-markets,” Bob Berlin, LongRange Managing Partner.