Solenis LLC

Wilmington, DE

About Solenis LLC

Company overview

Solenis LLC is a global specialty chemical company dedicated to providing sustainable solutions for water-intensive industries. With a focus on water treatment and process improvement, Solenis offers a comprehensive range of chemical products, services, and technologies that address critical challenges in various industries, including pulp and paper, oil and gas, chemical processing, mining, biorefining, and power generation. The company emphasizes innovation and sustainability, delivering tailored solutions that enhance efficiency, minimize environmental impact, and improve product quality for its customers. Product/Service Line Breakdown: 1. Water Treatment Chemicals - Products for cooling water, boiler water, membrane, and raw water treatment. - Solutions designed to prevent corrosion, scaling, and fouling in industrial water systems. 2. Pulp and Paper Chemicals - Additives for improving paper quality, production efficiency, and machine performance. - Products include retention aids, defoamers, and sizing agents. 3. Oil and Gas Chemicals - Chemicals for upstream and downstream operations. - Solutions for flow assurance, asset integrity, and water treatment in oil and gas production. 4. Mining Chemicals - Products for mineral processing and extraction. - Reagents that enhance flotation, reduce water usage, and improve operational efficiency. 5. Chemical Processing Solutions - Chemicals that optimize processes in various chemical manufacturing industries. - Solutions focus on improving yield, reducing waste, and minimizing energy consumption. 6. Biorefining Solutions - Innovative products that enhance the production of biofuels and biochemicals. - Enzymes and chemicals that improve biomass conversion and reduce processing costs. 7. Industrial Process Chemicals - Broad range of additives for improving the performance of industrial processes. - Includes anti-scalants, dispersants, and flocculant. 8. Monitoring and Control Systems - Digital solutions for real-time monitoring and control of chemical applications. - Advanced analytics and automation for optimizing chemical usage and process efficiency.

Keywords

Revenue

Revenue

EBITDA

EBITDA

Valuation

Valuation
Income Statement
Line Item20242023202220212020
Revenues$380 MM$250 MM$90 MM$120 MM$65 MM
Gross Profit$190 MM$125 MM$45 MM$60 MM$32.50 MM
Net Income (Loss)$43 MM$25 MM$9 MM$12 MM$6.50 MM
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Balance Sheet
Line Item20242023202220212020
Total Assets$850 MM$720 MM$680 MM$650 MM$600 MM
Total Liabilities$450 MM$400 MM$380 MM$350 MM$320 MM
Total Equity$400 MM$320 MM$300 MM$300 MM$280 MM
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Ratios

Revenue / EBITDA
123 MM
Valuation / Revenue
123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

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