AE Industrial Partners Completes Sale of American Pacific Corp. to NewMarket Corp. for $700 million

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American Pacific Corporation, a leading specialty materials manufacturer, has been sold to NewMarket Corporation for a staggering $700 million in cash. The sale was completed by affiliates of AE Industrial Partners, a private equity firm specializing in Aerospace, National Security, and Industrial Services.

American Pacific, founded in 1955, is known for producing highly specialized chemicals used in missile defense, space launch, pharmaceutical, and fire suppression applications. The company's performance additives are utilized in solid rocket motors for space launches and military defense. With over 60 years of experience, American Pacific is qualified to work on several NASA and Department of Defense programs.

One of the most prominent products from American Pacific is Halotron BrX, a clean and environmentally friendly fire extinguishing agent. This innovative solution replaces existing high ozone-depleting fire extinguishing solutions, making it a game-changer in the fire protection industry.

AE Industrial Partners has been instrumental in supporting the growth strategy of American Pacific since their investment in 2020. The private equity firm has worked closely with the management team to strengthen the company's leadership position and enhance its support for customers in the national security and space exploration sectors.

Kirk Konert, Managing Partner at AE Industrial Partners, expressed his satisfaction with the positive outcome of the sale and the company's growth under their guidance. He also extended his well wishes to the American Pacific team as they embark on their next phase.

American Pacific's CEO, Hal Murdock, praised AE Industrial Partners for their invaluable support over the past three years. The private equity firm provided essential guidance, industry knowledge, and resources that allowed the company to continue its growth trajectory and evolve its offerings. Murdock expressed excitement for the future and the achievements they have accomplished together.

Guggenheim Securities, LLC, and 3Wire Partners served as financial advisors, while Kirkland & Ellis LLP provided legal counsel to AE Industrial Partners during the transaction.

AE Industrial Partners is a private investment firm with $5.4 billion of assets under management. The firm specializes in highly specialized markets, including Aerospace, National Security, and Industrial Services. With deep industry knowledge, operating experience, and a vast network of relationships, AE Industrial Partners has completed over 130 investments in market-leading companies. They are committed to driving value creation in partnership with the management teams of their portfolio companies.

American Pacific Corporation, established in 1955, is a renowned manufacturer of critical chemicals for the U.S. Government's vital military and space programs. The company is also known for its clean fire extinguishing agents used in the fire protection industry. With a state-of-the-art manufacturing facility in Cedar City, Utah, American Pacific has built a reputation for reliability and quality in markets where failure is not an option.

In conclusion, the sale of American Pacific Corporation to NewMarket Corporation for $700 million marks a significant milestone for the company. With the support of AE Industrial Partners, American Pacific has solidified its leadership position in the specialty materials manufacturing industry and is well-positioned for future growth and success.