Edgewater Capital Partners

Edgewater Capital Partners, established in 1982 and headquartered in Cleveland, Ohio, is a private equity firm specializing in the acquisition of lower and middle-market performance materials companies. With over three decades of experience, the firm focuses on niche manufacturers of specialty chemicals, pharmaceuticals, and engineered substances, demonstrating extensive expertise in these sectors. Edgewater typically invests between USD 3 to 10 million per transaction, targeting buyout and corporate divestiture opportunities in the United States, Europe, and North America.

Timothy Cheslik

Associate

Christopher Childres

Founder and Managing Partner

Mack Doyle

Principal

Sarita Gavhane

Principal

Bob Girton

Managing Partner

Rakesh Kapoor

Operating Partner, Materials Outovation

Kara Kuhnash

Senior Analyst

Ryan Meany

Managing Partner and Chairman of the Investment Committee

Peter Ostergard

Managing Partner

Brian Scanlan

Operating Partner, Life Sciences

Richard Schwarz

Partner

J.R. Klonk

Associate

14 past transactions

Ascent RegTech

Acquisition in 2024
Ascent Technologies, Inc. specializes in regulatory compliance software designed for financial services firms. Founded in 2015 and based in Chicago, Illinois, the company offers a cloud-based platform that analyzes business activities to identify potential compliance obligations. This platform aids firms in tracking and adhering to relevant regulatory requirements. Ascent's solutions encompass change management, obligations management, issue tracking, and provide access to industry reference materials and compliance documentation. By streamlining the compliance process, Ascent enables firms to maintain their regulatory standards effectively.

NEOGRAF SOLUTIONS

Acquisition in 2023
NeoGraf Solutions, LLC is a manufacturer of flexible natural and synthetic graphite products, including sheets, powders, and flakes designed for various applications such as thermal management and fire resistance. The company offers a range of products, including eGRAF SPREADERSHIELD graphite heat spreaders, eGRAF HITHERM graphite thermal interface materials, GRAFOIL graphite gaskets, and GRAFGUARD expandable graphite intumescent fire retardants. These products are utilized in consumer electronics, transportation, energy, building and construction, and other industries, serving applications such as smartphones, tablets, large LCD and OLED displays, fuel cells, industrial gaskets, fire-rated building materials, and LED lighting. Established in 1886 and based in Lakewood, Ohio, NeoGraf Solutions also operates an additional facility in Northeast Ohio. The company was previously known as Advanced Energy Technologies LLC until it rebranded in July 2017 and is a former subsidiary of GrafTech International Holdings Inc.

Enpro - Polymer Components Business

Acquisition in 2021
Enpro - Polymer Components Business is a operator of polymer components coatings.

Naprotek

Acquisition in 2021
Naprotek is an electronics technology solutions provider specializing in high-reliability applications since its establishment in 1995. The company offers a range of services that includes quick-turn printed circuit board assembly, new product introduction, design for manufacturability, system integration, and testing services. It serves various sectors such as Defense, Space, Medical, Semiconductor Capital Equipment, and select applications in Test & Instrumentation and Advanced Technology. Naprotek focuses on delivering customer value through its engineering expertise, efficient supply chain management, and robust manufacturing support, effectively bringing concepts and products to market.

Haematologic Technologies

Acquisition in 2019
Haematologic Technologies, Inc. is a manufacturer based in Essex Junction, Vermont, specializing in the production of coagulation proteins, antibodies, and related reagents. Established in 1987, the company focuses on high-quality, plasma-derived coagulation products, including factor deficient plasmas and blood collection tubes, designed specifically for in vitro research applications. Haematologic Technologies is committed to continuous improvement in its manufacturing and quality control processes, aiming to provide superior products compared to its competitors in the industry.

Pure Wafer

Acquisition in 2018
Pure Wafer is a prominent supplier of virgin silicon wafers, wafer reclaim services, and specialty thin film deposition products, serving a global customer base that includes many of the largest semiconductor manufacturers. Founded in 2008 and based in San Jose, California, the company has expanded through multiple acquisitions, consolidating various segments of the semiconductor supply chain. Its offerings include a range of wafer services such as polishing, etching, and laser scribing, as well as films for thermal oxidation, spin coating, and dielectric applications. Pure Wafer also provides custom packaging, local delivery, onsite support, and offsite storage services, all aimed at enhancing efficiency for its clients. The company operates a production facility in Prescott, Arizona, and has sales offices in Vancouver, Washington; Reno, Nevada; and Brunnthal, Germany.

Callery

Acquisition in 2017
Callery Corporation is a manufacturer of specialty chemicals based in Evans City, Pennsylvania. The company specializes in producing alkoxide bases, borane derivatives, alkali metals, and other highly reactive chemical compounds. Callery is committed to supporting its customers through various services, including on-site training, safe handling guidance for reactive materials, and technical assistance. The company emphasizes quality and flexibility in its production processes while maintaining a strong global supply chain to meet the needs of its clients both domestically and internationally. As of September 2019, Callery operates as a subsidiary of Ascensus Specialties LLC.

Fiber Materials

Acquisition in 2016
Fiber Materials Inc. is a Biddeford, Maine-based company established in 1969, specializing in the development and manufacture of high-temperature materials and composites for various sectors, including aerospace, defense, and industrial applications. The company offers a diverse range of products, including carbon/carbon composites, ceramic matrix composites, and advanced polymer matrix composites, which are utilized in applications such as furnace fixturing, heat shields, and load plates. Additionally, Fiber Materials provides insulation solutions, comprising both soft and rigid materials, and offers design and fabrication services for specialty woven tapes and fiber-reinforced plastics. The company also performs a variety of testing services, including thermal, mechanical, and non-destructive testing, ensuring the quality and performance of its materials. Serving clients across multiple industries such as oil and gas, prosthetics, and luxury automobiles, Fiber Materials maintains a distribution center and manufacturing operations in Columbus, Ohio.

Hyperloop Transportation Technologies

Venture Round in 2016
Hyperloop Transportation Technologies Inc. is a company that develops and manufactures innovative tube-based transportation systems aimed at enhancing inter and intra-city travel. Founded in 2013 and based in Culver City, California, the company focuses on creating a high-speed transportation solution that utilizes a vacuum tube design to significantly reduce air resistance, allowing for safe and efficient travel at remarkable speeds. The Hyperloop system is characterized by its integration of alternative energy sources and energy conservation systems, which contribute to a reduced carbon footprint. Serving both private and public sector clients, Hyperloop Transportation Technologies aims to address the challenges of speed and congestion in modern transportation, fostering greater connectivity across urban and regional landscapes. The company emerged in response to a concept first introduced by Elon Musk, and it continues to champion disruptive innovation in the transportation industry through collaboration with a global community of experts.

DanChem Technologies

Acquisition in 2016
DanChem Technologies is a custom manufacturer specializing in a diverse range of specialty chemical products. The company provides contract manufacturing services tailored for various industries, including paints, coatings, personal care, food additives, pharmaceuticals, textiles, and electronics. DanChem offers a comprehensive suite of services, including the production of polymers and intermediates, as well as blending and complex processing capabilities. By developing efficient processes to commercialize clients' products rapidly, DanChem equips its partners with the necessary capacity and technical support to expedite their entry into target markets on both national and global scales.

FAR Chemical

Acquisition in 2014
FAR Chemical is a manufacturer of specialty organic chemicals tailored for diverse industries, including pharmaceuticals, structural composites, electronics, flavors, fragrances, personal care, catalysts, and polymers. The company produces a versatile range of products, such as pharmaceutical reagents and intermediates, advanced polymers, and acetylacetonate products. FAR Chemical also specializes in providing precursors for structural composites and offers specialty chemicals that serve as cross-linkers, curing agents, and stabilizers. By focusing on challenging and hazardous chemistries, FAR Chemical supports various sectors with high-quality chemical solutions.

Tractech

Acquisition in 2013
Tractech Inc. develops and manufactures specialized differentials and clutch components. The Company manufactures specialized traction-modifying differentials and centrifugal clutches for the agricultural, construction, medium and heavy-duty truck, military, and specialty vehicle markets. Tractech markets its products internationally.

Particle Dynamics

Acquisition in 2010
Particle Dynamics, Inc. is a specialized provider of technologies and ingredients for the healthcare market, focusing on pharmaceutical, consumer health, over-the-counter (OTC), and nutraceutical products. The company offers a range of products, including Destab, a direct compression calcium carbonate and magnesium carbonate, and Descote, which features microencapsulated vitamins and minerals. Additionally, Particle Dynamics provides solutions such as MicroMask for microencapsulation of active pharmaceutical ingredients, along with services including spray drying, complex granulation, and research and development. Established in 1948 and based in Saint Louis, Missouri, the company has evolved from its original identity as Desmo Chemical Corporation to become a key player in the development and manufacturing of pharmaceutical ingredients, ensuring reliable solutions for its clients in the healthcare industry.

Gabriel Performance Products

Acquisition in 2009
Gabriel Performance Products is a leading manufacturer of epoxy additives and specialty chemicals, specializing in a diverse range of products designed for coatings, adhesives, sealants, and elastomers (CASE). The company offers an extensive line of proprietary specialty products and custom-manufactured chemicals, employing complex chemistries and processes to enhance the performance of various applications. Gabriel has notably expanded its epoxy specialty offerings, building upon its expertise in mercaptan-based curative technology. With a commitment to innovation, the company provides high-performance chemistries that improve the properties of coatings, adhesives, inks, composites, plastics, and electronic components.
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