Merit Capital Partners has sponsored a recapitalization of Crown Products & Services LLC, an Indianapolis-based provider of specialty chemicals used in the handling of various raw materials for the coal, steel and utility industries. No financial terms were disclosed. The Lenox Group managed the process.

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The Lenox Group (“Lenox”) advised Crown Products & Services, LLC (“Crown”) on its recapitalization by Merit Capital Partners. Crown, headquartered in Indianapolis, IN, specializes in the formulation and application of proprietary specialty chemicals involved in the handling of various raw materials for the coal, steel and utility industries. These chemicals are used by Crown customers to facilitate raw material handling during seasonal challenges such as freeze conditioning in the winter and dust mitigation and spontaneous combustion suppression year round. Crown’s founding management team retained significant ownership positions as co-investors with Merit.

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The Lenox Group (“Lenox”) advised Crown Products & Services, LLC (“Crown”) on its recapitalization by Merit Capital Partners. Crown, headquartered in Indianapolis, IN, specializes in the formulation and application of proprietary specialty chemicals involved in the handling of various raw materials for the coal, steel and utility industries. These chemicals are used by Crown customers to facilitate raw material handling during seasonal challenges such as freeze conditioning in the winter and dust mitigation and spontaneous combustion suppression year round. Crown’s founding management team retained significant ownership positions as co-investors with Merit.

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