Imperative Chemical Partners Inc., a Midland, Texas-based provider of chemicals to the oil, gas and water industries, has bought Western Chemical LLC of Roosevelt. Imperative said the acquisition is in line with its plans to grow organically and through acquisition and provides complementary geographic coverage and customer portfolios. Imperative said it remains focused on the oil and gas production chemicals market.
Western Chemical is heavily focused on the Uinta Basin with additional operations across the Rockies and Mid-Continent regions. Joe Arnold, who founded Western in 2009, will continue as a leader in the combined organization.
“I am excited to join the Imperative team because of their aligned culture and shared focus on customers and employees,” said Arnold. “I look forward to combining our scale and national presence with regional knowledge to drive new growth opportunities.”
Garrett Tucker, Imperative’s chief operating officer, said, “Joe has built a strong foundation. Our combined teams will exploit complementary geographic and customer footprints for new growth and will capture non-labor cost synergies.”
“We will apply our proven integration approach to rapidly and successfully integrate the Western team into the Imperative family,” said Ryan Havens, Imperative's CEO. “This investment represents another exciting step in our ongoing journey to evaluate, acquire and integrate accretive organizations that align with our values and strategy. We would like to thank our shareholders, capital partners and lenders for their continued contribution and support.”