Ecovyst
Malvern, Pennsylvania
FUND
CCMP III
ORIGINAL INVESTMENT
2014
STATUS
Realized
Founded in 1831, Ecovyst (formerly known as PQ Corporation) is a leading worldwide producer of specialty inorganic performance chemicals, catalysts and engineered glass beads for the consumer, refining, specialty plastics, transportation safety and industrial markets and the leading U.S. provider of sulfuric acid catalyst recycling services for oil refineries.
Partnered with management team of a leading global inorganic chemical business to accelerate growth and implement efficiency initiatives and created sales and cost synergies through the merger with CCMP III portfolio company, Eco Services
CEO Corner
Kurt Bitting, President & CEO
“CCMP was an outstanding partner for Ecovyst, helping us drive our business transformation into a more focused, higher growth catalyst and environmental services platform, and supporting our growth initiatives with capital and expertise.”
Opportunity and Why CCMP
- Market leading materials science platform in silica chemistry
- High margin, resilient environmental services business
- Growth opportunities tied to customer sustainability goals
- Deep CCMP experience with the sector and company
Value Creation
- Transformed portfolio through Eco Services merger and subsequent divestitures to build high margin specialty catalyst and services platform
- Invested in capacity expansions to support growth and drive efficiencies
- Addressed global sustainability and energy efficiency demands with revitalized innovation process
Results
- Transformed portfolio, creating high margin specialty platform
- Initial public offering in 2017 (NYSE: ECVT)
These endorsements are provided by certain current and former executive officers of portfolio companies that are or were previously owned by certain investment vehicles advised by CCMP Growth and CCMP Capital. None of the executive officers were directly compensated for providing these endorsements. However, as a result of the ownership structure of these portfolio companies and the controlling interest held by the funds advised by CCMP Growth and CCMP Capital, a conflict of interest exists because the executive officers have an incentive to make positive statements about CCMP Growth and/or CCMP Capital and their experiences with CCMP Growth and/or CCMP Capital to maintain the goodwill with CCMP Growth. Please refer to Terms of Use and Disclaimers for important information about CCMP Capital Advisors, LP and CCMP Growth Advisors, LP.
For illustrative purposes only. There can be no assurance any such value creation plan will ultimately be achieved as described herein. Certain statements herein reflect the subjective views and opinions of CCMP Growth and its personnel. Such statements cannot be independently verified and are subject to change.
Generac, Milacron, and Ecovyst are not part of the CCMP Growth track record, however they are included within this context due to the substantial involvement of a CCMP Growth Co-Managing Partner in these deals as a board member and/or deal team member, as well as their alignment with the overall investment strategy of CCMP Growth. Please refer to Terms of Use and Disclaimers for important information about CCMP Capital Advisors, LP and CCMP Growth Advisors, LP. A complete list of CCMP Capital Advisors, LP investments is available on its website.
