PE-based CPS acquires FAR Chemical from Edgewater

Edgewater Capital Partners has sold FAR Chemical to CPS Performance Materials, which is backed by Arsenal Capital Partners. No financial terms were disclosed. Seaport Global Securities LLC provided financial advice to Edgewater on the deal while Balmoral Advisors did likewise for Arsenal and CPS. Palm Bay, Florida, FAR Chemical is a maker of specialty organic chemicals.

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