Golden Gate Capital recently announced that it has completed the acquisition of Active Minerals International LLC (AMI) from Merit Capital Partners. AMI will reportedly continue to be led by its current management team, including Dennis Parker, president and CEO, and management will retain a significant ownership stake in the business.
“We are excited to partner with Golden Gate Capital, who is fully aligned with our long-term strategic vision and has a demonstrated track record of building long-term value for its portfolio companies,” said Parker. “Golden Gate Capital’s strong financial resources, combined with its deep experience in investing in industrial minerals companies, will enable us to accelerate our growth strategy and bolster our leading market positions in kaolin and gel quality attapulgite clay minerals.”
“Active Minerals represents a unique opportunity to invest in a compelling minerals platform with global scale,” said Dave Thomas, managing director at Golden Gate Capital. “We have a deep appreciation for high quality industrial minerals franchises and experience in partnering with management to reinforce those strengths and accelerate growth. AMI’s market-leading products, access to high-growth end-markets, and commitment to customer service provide an excellent foundation for the business. We look forward to supporting Dennis and the talented Active Minerals team as the company enters its next chapter of growth.”