CHEMICAL MANAGEMENT

PEAK ROCK CAPITAL AFFILIATE COMPLETES ACQUISITION OF XENON ARC

Peak Rock Capital | December 22, 2021

An affiliate of Peak Rock Capital ("Peak Rock"), a leading middle-market private investment firm, announced today that it has completed an acquisition of Xenon arc Inc. in partnership with the management team of the Company.

Xenon arc is a leading technology-enabled provider of managed services to food & beverage, industrial, and chemical producer clients. The Company manages its clients' long tails of thousands of SMB customers collectively through its service offering including technical sales, support, technology and distribution services. Headquartered in Bellevue, Washington, with operations across the United States, Europe and South America, the Company has built a strong reputation in the industry for exceptional service, technical capabilities and driving clients' revenue growth.

"Xenon arc represents a unique opportunity to invest in a technology-enabled services platform with a strong leadership position in managed services to materials producers. We are impressed with the Company's track record of growth and look forward to partnering with the Company to accelerate the execution of its business plan, which includes strategic growth investments that would expand Xenon arc's service capabilities, technology offerings and geographic coverage."

Steve Martinez, President and Managing Director of Peak Rock

Paul Warburg, President and CEO of Xenon arc, commented, "We are excited to partner with Peak Rock as we embark on our next phase of growth. Peak Rock has a deep understanding of our business, and a compelling track record of supporting companies and management teams in driving innovation and building leading platforms. We look forward to our partnership, which will position the Company to accelerate its rapid growth by expanding its service capabilities, geographic footprint, and empower Xenon arc to continue to invest in its technology and leading talent."

"This transaction exemplifies Peak Rock's commitment to invest in high growth technology-enabled services businesses. We continue to seek tech-enabled platforms that we believe can benefit from our ability to drive transformational growth through organic initiatives and strategic acquisitions," added Anthony DiSimone, Chief Executive Officer of Peak Rock.

ABOUT XENON ARC
Xenon arc is a leading technology-enabled services provider of technical sales, support, technology and distribution solutions to clients and their SMB customers across the food & beverage, industrial, and chemical industries. Xenon arc's direct-to-market solutions provide end-customers with direct contact with a customized extension of clients' sales, marketing, and technical capabilities. The Company was founded in 2010 and is headquartered in Bellevue, Washington. Xenon arc also serves South America and Europe through its teams in Brazil, Mexico and the Netherlands.

ABOUT PEAK ROCK CAPITAL
Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. Peak Rock's equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and performance improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock's credit platform invests across capital structures, with a broad mandate to provide flexible, tailored capital solutions to middle-market and growth-oriented businesses. Peak Rock's real estate platform makes equity and debt investments in small to mid-sized real estate assets in attractive, growing geographies.

Spotlight

Our nation thrives on the processing services of companies that handle hazardous chemicals. In a wide variety of industries, processing highly hazardous chemicals can result in a number of dangers, including the unexpected release of toxic, reactive, or flammable gases and liquids.


Other News
CHEMICAL MANAGEMENT

ENERGY SERVICES OF AMERICA ANNOUNCES ACQUISITION

Energy Services of America Corporation | April 07, 2022

Energy Services of America Corporation formed a newly wholly owned subsidiary Tri-State Paving Acquisition Company, Inc., a West Virginia corporation, which has entered into an Asset Purchase Agreement with Tri-State Paving & Sealcoating, LLC a West Virginia corporation located in Hurricane, West Virginia to acquire substantially all of the assets of Tri-State Paving for $7.5 million in cash, a $1.0 million seller note, and $1.0 million in the Company's common stock. The Company expects the transaction will close on April 29, 2022. "This is the special type of business combination where everyone involved wins. Our customers, and especially our employees, will all benefit from the additional resources provided by our becoming part of the Energy Services family of companies. Over the last eighteen years TSP built our reputation around safety, quality, and customer service. We are a natural fit with Energy Services, and I am excited to see what the future holds for this new alliance." David Corns will continue his role as President of Energy Services' new subsidiary Douglas Reynolds, President, commented on the announcement. "Tri-State Paving is a great company, and this acquisition extends and deepens our services offered to water distribution utilities. Increasing our exposure in the growing water market is a key strategic initiative for Energy Services, which makes Tri-State Paving a great fit." Reynolds continued "We are also very pleased that David Corns had agreed to stay on with us. David has a tremendous amount of knowledge and experience in the industry, and we look forward to working with him." About Energy Services Energy Services of America Corporation headquartered in Huntington, WV, is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 700+ employees on a regular basis. The Company's core values are safety, quality, and production.

Read More

CHEMICAL MANAGEMENT

Imperial Petroleum Announces Pricing of Upsized $60 Million Underwritten Public Offering

Imperial Petroleum Inc. | March 21, 2022

Imperial Petroleum Inc. announced the pricing of an upsized underwritten public offering of 37,500,000 units at a price of $1.60 per unit. Each unit consists of one common share and one Class B warrant to purchase one common share, and will immediately separate upon issuance. The gross proceeds of the offering to the Company, before underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $60 million. The Company intends to use the net proceeds of the offering for capital expenditures, including acquisitions of additional vessels which we have not yet identified, and for other general corporate purposes. Each Class B warrant is immediately exercisable for one common share at an exercise price of $1.60 per share and will expire five years from issuance. The offering is expected to close on or about March 23, 2022, subject to customary closing conditions. Maxim Group LLC is acting as sole book-running manager in connection with the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 5,624,950 common shares and/or prefunded warrants and/or 5,624,950 Class B warrants, at the public offering price less underwriting discounts and commissions. The offering is being conducted pursuant to the Company’s registration statement on Form F-1 previously filed with and subsequently declared effective by the Securities and Exchange Commission on March 18, 2022 and an additional registration statement filed pursuant to Rule 462(b), which was filed on March 18, 2022 and became effective upon filing. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. Copies of the final prospectus relating to this offering, when available, may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, at 895-3745. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. ABOUT IMPERIAL PETROLEUM INC. Imperial Petroleum Inc. is a ship-owning company providing petroleum product and crude oil seaborne transportation services. The Company currently owns three M.R. product tankers and one Aframax oil tanker with a total

Read More

CHEMICAL TECHNOLOGY

Chemours Announces Participation in Versogen’s Development of Clean Hydrogen Technology

Chemours Company | May 12, 2022

The Chemours Company a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced its participation in a fundraising for Wilmington, Delaware-based Versogen Inc., a leader in developing anion exchange membrane technology for use in hydrogen production. Founded by University of Delaware professor Yushan Yan, Versogen’s AEM technology offers a reliable and affordable way to produce green hydrogen at scale. Green hydrogen is the most promising alternative fuel to reduce greenhouse gas emissions in transportation and other industries that primarily rely on fossil fuels. When produced through water electrolysis and powered by renewable energy, large amounts of green hydrogen can be made while generating zero emissions. This process is essential to the clean energy transition and meeting global decarbonization goals. “Chemours is passionate about the potential of the hydrogen economy and our role in it, and we're constantly looking for opportunities to accelerate innovation and new technologies for clean energy. We’re excited to participate in Versogen to help power their continued scale-up and to have the opportunity to collaborate with a start-up in our backyard to understand better the synergies between AEM technology and our Nafion™ ion exchange membranes in green hydrogen production.” Denise Dignam, President, Advanced Performance Materials for Chemours As part of Chemours’ commitment to innovative and responsible chemistry that enables the sustainable products of the future, we are collaborating across the value chain to deliver advanced solutions that solve some of our customers’ and partners’ biggest challenges. As part of those efforts, Chemours is also a steering member of the Hydrogen Council and joined Hydrogen Europe and the European Clean Hydrogen Alliance to help realize the potential of hydrogen’s role in the global energy transition. About The Chemours Company The Chemours Company is a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and consumer electronics, general industrial, and oil and gas. Our flagship products include prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has approximately 6,400 employees and 29 manufacturing sites serving approximately 3,200 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.

Read More

CHEMICAL MANAGEMENT

Xilica® Commits to Net Zero Carbon Emissions

Xilica Corporation | January 27, 2022

Xilica®, a provider of collaboration products that help unlock the power of human connection, announces its commitment to decrease the carbon emissions throughout its business to net zero and achieve Climate Neutral CertifiedSM status. Xilica will be carbon neutral across its global value chain, meaning that every Xilica product sold will have net zero climate impact and support the responsibility efforts of its partners and end customers. As the first vendor in its category to publicly commit to carbon neutrality, Xilica intends to empower customers by enabling more informed purchasing decisions that tie back to a product's impact on the environment. It also hopes that increasing awareness around organizations' carbon footprints will help drive greater reduction efforts throughout the supply chain. "Businesses have a profound opportunity to help tackle the climate crisis, and limit its impact on economic prosperity, human health and well-being that disproportionately affect segments of society. We know that fighting climate change requires strong, coordinated action across industries, and hope our own efforts will make a positive contribution to the larger movement for greater environmental responsibility." James Knight, COO, Xilica As part of its commitment to carbon neutrality, Xilica will work with a range of independent partners including Climate Neutral, an international non-profit organization that collaborates with brands to help offset the entirety of their carbon emissions through systematic measurement and analysis of direct and indirect emissions, supply and management of carbon offsets, and best practice guidance. "Consumers today are yearning for evidence that companies are aware of their contribution to climate change and committed to erasing it," said Climate Neutral CEO Austin Whitman. "We're thrilled to have Xilica commit to this journey. They will join our growing list of certified companies that are proving that we're living in a new era of leadership on climate by top brands." About Climate Neutral Climate Neutral is a 501(c)(3) nonprofit whose mission is to decrease global carbon emissions by creating a trusted net-zero certification for consumer brands. The Climate Neutral Certified label empowers consumers to consciously support companies that measure their entire carbon footprint, offset it in its entirety, and implement strategies to reduce it moving forward. Climate Neutral's standardized process makes it easier for companies to estimate their greenhouse gas footprint, identify credible carbon offsets, and prioritize measures to reduce their emissions. To learn more about Climate Neutral, visit climateneutral.org. About Xilica Xilica® creates collaboration products that help unlock the power of human connection. Built on decades of reimagining how people use technology, Xilica's solutions bridge the distance between individuals, teams, ideas and organisations — unleashing the power of understanding to transform business and society for the better. Through our focus on the enterprise, education and government markets, Xilica and its partners touch the daily lives of people in more than 100 countries.

Read More

Spotlight

Our nation thrives on the processing services of companies that handle hazardous chemicals. In a wide variety of industries, processing highly hazardous chemicals can result in a number of dangers, including the unexpected release of toxic, reactive, or flammable gases and liquids.

Resources