Quad-C Management has completed the sale of Boulder Scientific Company to Iron Path Capital, transferring the specialty chemicals manufacturer to a new private equity owner after a period of capacity expansion and entry into additional markets.
Based in Longmont, Colorado, Boulder Scientific manufactures high-performance organometallic compounds and provides complex synthetic chemistry capabilities. The company has operated for more than 60 years and supplies customers in the plastics, microelectronics, pharmaceutical, industrial, defense, and aerospace markets.
Organometallic compounds produced by Boulder Scientific are primarily used as metallocene catalysts in polyolefin production. The company also manufactures activators, ligands, air- and moisture-sensitive compounds, pyrophoric materials, and other co-catalysts. It serves customers internationally through two Colorado facilities.
Quad-C initially partnered with Boulder Scientific’s founding family and management to transition the business from family ownership and support its growth. During Quad-C’s ownership, the company strengthened its leadership team and made substantial capital investments in production facilities.
Those investments expanded manufacturing capacity and technical capabilities, enabling Boulder Scientific to serve a broader range of customers and end markets. The company increased its exposure to semiconductor materials and aerospace and defense while maintaining its established presence in specialty chemicals.
Iron Path Capital’s acquisition begins the next phase of Boulder Scientific’s development. The company’s specialized chemistry expertise and manufacturing requirements create technical barriers to entry, while demand from semiconductor, aerospace, defense, and advanced materials customers provides several avenues for continued growth.
Quad-C is a Charlottesville, Virginia-based middle-market private equity firm focused on established industrial and services companies. Since its founding in 1989, the firm has invested more than $5 billion across 92 platform companies and over 425 add-on acquisitions.
Piper Sandler served as Boulder Scientific’s exclusive financial adviser, while White & Case provided legal counsel.
KEY QUOTES
“Quad-C has been an exceptional partner, providing the resources and strategic support that positioned us to grow and expand into new markets. Boulder Scientific’s chemistry is truly differentiated, and in partnership with the Quad-C team, we have strengthened the company’s global market position while maintaining our technical excellence and commitment to quality and safety.”
Rich Preziotti, Chief Executive Officer of Boulder Scientific Company
“It has been a privilege to partner with Rich, Scott Birmingham, and the entire Boulder Scientific team. We believe that Boulder Scientific’s unique technical capabilities in organometallic and complex synthetic chemistry position the company to drive growth and we wish them continued success in their next phase.”
Tom Hickey, Senior Partner at Quad-C Management
“Boulder Scientific is a differentiated company in the specialty chemicals industry. Quad-C has a long history of successful investments in the sector, and this continues to be an area of focus.”
Anders Grorud, Vice President at Quad-C Management
