Holland & Knight Advises Solenis on Acquisition of Clearon Corp.
PHILADELPHIA (August 24, 2022) – Holland & Knight advised Solenis, a leading global producer of specialty chemicals for water-intensive industries, on its acquisition of Clearon Corp. The acquisition will enable Solenis to expand its portfolio of products for the residential and commercial pool water and spa treatment markets. The deal, announced on Aug. 11, 2022, is expected to be complete before the end of 2022.
Clearon produces trichloroisocyanuric acid (trichlor) and dichloroisocyanuric acid (dichlor) at its South Charleston, West Virginia, plant and converts these core chemistries into an array of finished goods at its tableting and packaging facility. Products include sanitizers and disinfectants for applications such as recreational water treatment, as well as household, industrial and institutional (HI&I) and other water treatment applications.
Solenis is based in Wilmington, Delaware, and is owned by Platinum Equity, a global investment firm with approximately $36 billion of assets under management. The company's product portfolio includes a broad array of water treatment chemistries, process aids and functional additives, as well as state-of-the-art monitoring and control systems.
Holland & Knight's representation of Solenis was led by Partner Paul Jaskot and Associate Kendall Wilson, with support from Associates Meredith Clarke and Melissa Goldberg. The team also received assistance from Partners Robert Frank, Daniel Winters, John Dierking and Brandon Bloom and Associates Nicole Martini, Lauren Becker, Jackson Oliver, Kathryn Bennett, Maria Cortes, Nicholas Hasenfus and Olufunke Leroy.
More information about the transaction can be found here.
Holland & Knight's corporate practice is ranked as a national first-tier firm in Leveraged Buyouts and Private Equity Law, Corporate Law and M&A Law in the 2022 U.S. News – Best Lawyers "Best Law Firms" guide. The firm is consistently ranked among the Top 25 law firms in the nation advising on U.S. M&A transactions by deal count in Refinitiv and other league tables. Through the HK Deal Flow® program, Holland & Knight facilitates deal leads for clients and prospective clients by matching acquisition or capital raising opportunities with buyers and investors.