Black Bay Acquires Merichem Technologies & Catalyst Business
Black Bay Energy Capital (“Black Bay”), a New Orleans-based private equity firm that is focused on the energy and specialty chemical sectors, has announced the acquisition of Merichem’s technology business unit, comprised of Merichem Process Technologies and Merichem Catalyst Products, which will collectively be renamed “Merichem Technologies.” Grace Matthews, Inc. (“Grace Matthews”) served as financial advisor to Merichem Company on the transaction.
As a standalone platform, Merichem Technologies will be a global provider of sulfur treating technologies and solutions and a suite of proprietary chemical catalysts.