Black Bay Energy Capital (Black Bay) announced today the acquisition of Merichem Company’s technology business unit, comprised of Merichem Process Technologies and Merichem Catalyst Products, which will collectively be renamed Merichem Technologies. Merichem Company will maintain its caustic services business, which handles spent caustic for beneficial reuse.

Black Bay is a private equity firm focused on the energy and specialty chemical sectors. Merichem Technologies represents a new sulfur-treating platform for Black Bay, which will be led by Cyndie Fredrick, previously SVP & General Manager of Merichem Company, and joined by the existing management team.

Founded in 1945, Merichem Company is a global leader in full-service sulfur removal, caustic treating and spent caustic treatment technologies.

Cyndie Fredrick, CEO of Merichem Technologies, stated, “The Merichem Technologies team has successfully deployed highly engineered & patented technologies, chemical catalysts, and mechanical solutions to various end markets including liquified natural gas (“LNG”), midstream oil and gas, refining of traditional crude and renewable feedstocks, biogas/landfill/RNG production, geothermal energy production, and chemical manufacturing. Merichem Company has been a fantastic steward of this business for decades, and the entire Merichem Technologies team is excited about our new partnership with Black Bay and the ability to pursue new avenues for growth.”

Kendra Lee, Chairman and CEO of Merichem Company, stated, “Our reputation has always stood on the principles of proven performance, unsurpassed expertise, and an uncommon commitment to our customers. This divesture is a major milestone for Merichem Company as we continue to execute on our strategic vision, further cementing our leadership position in caustic services. I am also excited to work with the Merichem Technologies team and investors as they take the technology businesses to the next level.”