Arsenal Capital Partners has hired Shawn Abrams as an operating partner in its specialty industrials group, which focus on chemicals and materials, according to a statement.
Abrams is Arsenal’s ninth operating partner and was previously the president of W.R. Grace & Co.’s Grace Catalysts Technologies, which produces products used in refining and chemical manufacturing processes. He joined Grace in 2008 after working in global industrial markets at Evonik Industries for more than 17 years. Abrams will be based in Arsenal’s New York office.
Arsenal’s specialty industrials group is led by partners John Televantos, Terrence Mullen and Timothy Zappala. Abrams joins existing operating partner Peter Huo, who also focuses exclusively on industrials. The group has made nine investments, including Flowchem, a chemical provider to the pipeline industry, which the firm announced Monday.
“Flowchem’s high value products are solving problems for the pipeline industry in a time of increasing supply of oil and constrained infrastructure,” Televantos said in a statement.
Arsenal has made a total of 11 buyout, recapitalisation and growth equity investments in the mid-market specialty industrial and healthcare industries. Most investments are between $25 million and $75 million in companies with enterprise values between $50 million and $250 million.
Other companies in the firm’s specialty industrials portfolio include polyurethane coatings producer Dash Multi-Corp and UV radiation coatings company IGM Resins.
Arsenal closed its most recent fund in April on $875 million, north of its $750 million target. The New York-based firm was founded in 2000 by Mullen, who was previously a principal at Thomas H Lee Partners, and Barry Siadat, formerly of AlliedSignal/Honeywell International.