Gravity has Sold its Chemical Division, Tech Management
Gravity Oilfield Holdings LLC (“Gravity”)
Gravity is a provider of energy infrastructure services to U.S. onshore oil and natural gas E&P companies, providing water midstream solutions and critical power generation offerings. Gravity has significant coverage density in the Permian Basin, and benefits from a national footprint supported by facilities, operations and management personnel in several other key domestic resource plays.
Tech Management
Tech Management is a leading oil & gas chemical solutions provider in the Permian Basin that is primarily focused on producing and supplying production-oriented chemicals directly to E&P operators.
Clearlake Capital Group, L.P. (“Clearlake”)
Clearlake is a private investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. Clearlake has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments.
Brenntag SE (“Brenntag”)
Brenntag is the global market leader in chemicals and ingredients distribution. Brenntag holds a central role in connecting customers and suppliers of the chemical industry. Headquartered in Essen, Germany, Brenntag has over 17,000 employees and operates a network of ~700 sites in 78 countries.
PPHB, LP (“PPHB”)
PPHB is an independent investment banking firm providing financial advisory services to middle market companies that offer products and services to the following end markets: