Arsenal Capital Partners, a leading New York-based private equity firm that invests in middle-market specialty industrial and healthcare companies, announced today the acquisition of Danlin Industries from Hastings Equity Partners.
Mr. Scrudato was formerly Chief Financial Officer and Principal of Bruckmann, Rosser, Sherrill & Co. (“BRS”). Prior to BRS, he was a Director in the Transaction Services practices of KPMG and Arthur Andersen. Mr. Scrudato also worked as the Director of Corporate Development for Asbury Automotive Group. Mr. Scrudato received his BS from Rutgers University.
Founded in 2001, and headquartered in Waller, Texas, Flowchem is a leading provider of Drag Reducing Additives (DRAs) to improve pipeline flow in onshore and offshore pipeline applications. The company’s DRAs reduce drag and turbulence in petroleum pipelines in order to increase throughput capacity and energy efficiency, providing significant cost savings to pipeline operators. Flowchem also provides complementary services and equipment to its global customer base. The company has two operating facilities in Texas.
Arsenal Capital Partners is a specialized private equity firm with a deep focus in two sectors, Specialty Industrials and Healthcare. Our philosophy is to partner with talented management teams, provide them with access to world-class operating resources and patient capital, and develop positive, open and constructive relationships that foster long-term value creation.