Barings, one of the world's leading investment managers, today announced it had served as lead arranger and administrative agent for a senior secured facility to support Harbour Group’s investment in Americo Chemical Products, Inc. (“Americo”). Founded in 1989 and headquartered in Elgin, IL, Americo is a leading provider of innovative chemical solutions for industries that require surface treatment of metal and other substrates. Its solutions include chemistries for metal treatment, wastewater treatment, and other specialty applications. Financial terms of the transaction were not disclosed.
“We are excited to welcome Americo to Harbour Group,” said Jeff Fox, Harbour Group’s Chairman and Chief Executive Officer. “With a focus on providing uniquely formulated solutions to customers’ specific needs, Americo helps its customers solve challenging pre-treatment problems and improve operating performance. In partnering with Harbour Group, Americo will be in an even stronger position to scale in its existing market, while focusing on expanding its product offering and end market applications.”
“Barings greatly appreciates the opportunity to support Harbour Group’s investment in Americo. We are committed to investing in high quality businesses led by innovative management teams and backed by top-tier financial sponsors,” said Patrick Hartman, Managing Director in Barings’ North American Global Private Finance Group. “Americo’s management team has established a high-touch customer service business model that allows the company to differentiate itself by providing customized solutions and formulations that result in superior, longer lasting products for customers and their end users. Harbour Group’s dedicated resources and track record of operational excellence will help build on and accelerate Americo’s growth trajectory.”
About Americo Chemical Products, Inc.
Americo is a leading chemical formulator and manufacturer dedicated to supporting customers with solutions for pretreatment of metal surfaces and other substrates, including industrial wastewater treatment and other applications. The company employs a unique “total solutions approach” that combines application expertise with chemical formulation expertise. Americo delivers customized, engineered solutions that help customers in optimizing their throughput, quality and efficiency and reducing costs. To learn more about Americo, visit www.americochemical.com.
About Harbour Group
Harbour Group is a privately owned operations-focused company based in St. Louis, Missouri. Harbour Group’s companies are engaged in manufacturing and distribution across diverse industries, including outdoor living products, specialty fittings, remote monitoring solutions, control solutions, LED lighting, flow control, thermal management solutions, boiler systems, professional diagnostic and repair tools, and auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has acquired 224 companies in 49 different industries. To learn more about Harbour Group, visit www.harbourgroup.com.
About Barings
Barings is a $362+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment. To learn more about Barings, visit www.barings.com.
*Assets under management as of March 31, 2023
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