Chase Corporation
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Chase Corporation - overview
Established
1946
Location
Westwood, MA, US
Primary Industry
Chemicals
About
Chase Corporation, based in the US, specializes in the production of protective materials for high-reliability applications, serving diverse industries like electronics and construction. Founded in 1946 in Westwood, US, Chase Corporation operates as a manufacturer of protective materials. The company has undergone a significant transition with its recent acquisition in July 2023 by KKR for USD 1. 3 billion, allowing for a renewed focus on product development.
The current leadership includes CEO Adam Chase and key executives Jacob Chase and Romiale Donfack. Chase Corporation specializes in the manufacturing of protective materials designed for high-reliability applications across various industries. Their core product offerings include innovative solutions such as superabsorbent polymers, elastomeric urethane coatings, and synthetic rubber conformal coatings. Notably, products like ZAPZORB, a sodium polyacrylate superabsorbent polymer, and HumiSeal® 1B59 SEC, an air-drying conformal coating, are tailored to prevent water migration in cable conductors and provide chemical and abrasion resistance, respectively.
The company serves a diverse client base that includes sectors such as infrastructure, electronics, and construction, with key geographical markets spanning North America, Europe, and Asia. These products are integral in applications ranging from cable protection and waterproofing to shielding and thermal management, addressing specific challenges faced by manufacturers and builders in ensuring product durability and reliability. Chase Corporation generates revenue through the sale of their specialized protective materials to a variety of industries, engaging in direct B2B transactions with manufacturers and contractors. For the year 2023, the company reported a revenue of USD 400.
88 mn and an EBITDA of USD 86. 18 mn. Transactions are structured around bulk orders for flagship products, such as their proprietary HumiSeal coatings and durable polymer solutions, which are critical for applications in electronics and infrastructure. The pricing model typically reflects the advanced technology and specialized nature of their offerings, with products sold based on performance specifications and application needs.
Partnerships with distributors and retailers further enhance their market reach, facilitating access to these high-demand products within key industrial sectors. The company maintains a focus on providing tailored solutions that meet the specific requirements of their clients, reinforcing its position in the specialty chemicals market. Chase Corporation's strategy for future growth includes the development of new products aimed at the industrial and infrastructure sectors, supported by the recent acquisition by KKR. This transaction, completed in July 2023 for USD 1.
3 billion, will enable Chase to enhance its product offerings. The company is also looking to expand into new geographic markets, although specific regions have not been disclosed. The funding from the acquisition will be utilized to enhance product development capabilities, aligning with their mission to innovate within their industry.
Current Investors
Primary Industry
Chemicals
Sub Industries
Electronic Components, Adhesives & Sealants, Paints & Coatings, Commodity Chemicals
Website
www.chasecorp.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Chase Corporation - timeline of key events
Chase Corporation - financials
| Fiscal Year Ended | Aug 31, 2013 | Aug 31, 2014 | Aug 31, 2015 | Aug 31, 2016 | Aug 31, 2017 | Aug 31, 2018 | Aug 31, 2019 | Aug 31, 2020 | Aug 31, 2021 | Aug 31, 2022 | Aug 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 216,062,000 | 224,006,000 | 238,046,000 | 238,094,000 | 252,560,000 | 284,188,000 | 281,351,000 | 261,162,000 | - | - | - |
| % Revenue Growth (YoY) | - | 3.7% | 6.3% | 0.0% | 6.1% | 12.5% | (1.0%) | (7.2%) | - | - | - |
| EBITDA (USD) | 37,456,000 | 46,687,000 | 54,817,000 | 61,224,000 | 72,391,000 | 72,714,000 | 62,271,000 | 62,832,000 | - | - | - |
| Operating Income (USD) | 26,791,000 | 36,173,000 | 42,245,000 | 47,782,000 | 58,134,000 | 55,090,000 | 45,064,000 | 47,241,000 | - | - | - |
| Operating Margin | 12.4% | 16.1% | 17.7% | 20.1% | 23.0% | 19.4% | 16.0% | 18.1% | - | - | - |
| % EBITDA Margin | 17.3% | 20.8% | 23.0% | 25.7% | 28.7% | 25.6% | 22.1% | 24.1% | - | - | - |
| NET Income (USD) | 16,740,000 | 26,523,000 | 26,413,000 | 32,807,000 | 42,014,000 | 43,143,000 | 32,711,000 | 34,157,000 | - | - | - |
| % Net Margin | 7.7% | 11.8% | 11.1% | 13.8% | 16.6% | 15.2% | 11.6% | 13.1% | - | - | - |
Chase Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Sheldahl | - | ||||||||
| Public to Private | Completed | Chase Corporation | - | ||||||||
| Trade Sale | Completed | NuCera Solutions LLC | - | ||||||||
| Trade Sale | Completed | NEPTCO | - |
Displaying 1 - 4 of 4
Chase Corporation - employee data
Chase Corporation - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member of the Board of Directors | BM | ||||||
| Chairman of the Board | BM |
BM Board Member
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