Decosimo Announces LeBaronBrown Industries Equity Investment in Charkit Chemical Co.

Source: Decosimo Corporate Finance | Release | November 28, 2017


Charkit Tombstone.PNGDecosimo Corporate Finance, LLC (“DCF”) is pleased to announce the long-term equity investment in Charkit Chemical Company by LeBaronBrown Industries, LLC. DCF served as the exclusive financial advisor for Charkit.

Founded in 1982 by Charlie Hinnant who will continue to manage the business as the CEO, Charkit is currently celebrating its 35th year of operations and has undertaken this transaction to position the Company for ongoing growth, including entry into new markets, forging agreements with distribution partners, and pursuing selective acquisitions of other specialty chemical distributors and companies.  Charkit has been and will continue to be a leader and pioneer in the specialty chemical distribution market.  Charlie Hinnant states that he “is delighted at the opportunity to partner with LeBaronBrown as a result of the financial advisory services of Decosimo Corporate Finance.”

LeBaronBrown is a private investment firm with a multi-decade orientation and will dedicate its capital and resources to supporting the growth of Charkit over the long term.  Simon Brown and Matthew LeBaron founded LeBaron Brown with an unusually long-term focus and are now actively seeking complementary acquisitions in the specialty chemical distribution industry.

“Charkit’s history of strong growth under the leadership of Founder Charlie Hinnant made the company a very attractive investment opportunity for both financial firms and other chemical companies,” said Paul Cheney, DCF Managing Partner. “We were honored to assist Mr. Hinnant in finding the best financial partner to fuel future growth, and thrilled with the package that the team at LeBaronBrown put together for this partnership.”

“LeBaronBrown’s long-term investment strategy was a perfect match for Mr. Hinnant’s objectives,” said Charlie Gerber, DCF Partner. “The unique, innovative culture that Mr. Hinnant built over more than three decades will continue to thrive in partnership with the professionals at LeBaronBrown.”

“DCF’s mission has always been to maximize value for middle market business owners, and we are very proud of the end result we achieved with Charkit,” said Tom Decosimo, DCF Managing Partner. “Charlie Hinnant is a one-of-a-kind businessman, and he has earned the professional success he’s had through hard work, vision, leadership, and an entrepreneurial spirit.”