Uni-World and Brightwood Acquire VanDeMark Chemical
Uni-World Capital L.P., a private equity firm, and Brightwood Capital Advisors LLC, a private investment firm, recently announced they have jointly acquired VanDeMark Chemical Inc.
“VanDeMark perfectly suits our investment criteria,” said Christopher P. Fuller, managing partner of Uni-World. “It has an excellent management team, strong competitive positions and attractive markets. We are confident that the company will continue to grow as we identify new applications and end uses for a portfolio of compounds that is unique to VanDeMark.”
According to Sengal Selassie, Brightwood Capital Advisors co-founder, “VanDeMark is a great company with a blue-chip customer base and significant potential in both existing markets and as yet undeveloped end uses, and we look forward to VanDeMark’s continued growth.”
Under the terms of the agreement, VanDeMark’s senior management will continue to be significant equity owners in the company. The company has approximately 85 employees and will continue to be based in Lockport, NY.