London (UK) / Dublin (IE), 7 August 2025
Funds advised by Basalt Infrastructure Partners (“Basalt”) announced today that an agreement has been reached to acquire Chemco Ireland (“Chemco” or the “Company”) from founder shareholders.
The transaction is subject to customary regulatory clearance including CCPC and FDI clearance and is expected to complete in Q3 2025. The terms of the transaction are not disclosed.
Chemco is the leading provider of essential specialist chemical logistics, storage and distribution services to customers predominantly in the semiconductor, pharmaceutical, food and industrial sectors in Ireland. Chemco’s business has a significant long term contractual underpin with its customers and it plays a critical role in its customers’ supply chains. The Company operates from the largest specialist site for its industry in Ireland, strategically located close to Dublin and key transport infrastructure. The asset base is comprised of highly technical and critical infrastructure including temperature-controlled storage facilities and ISO tank container storage areas. Having demonstrated considerable growth in recent years, we believe Chemco is uniquely positioned to benefit from strong tailwinds in its target markets and to support the growing requirements of its customers for specialised chemical logistics and distribution services.
Established in 1992, Chemco prides itself on its best-in-class operating standards, prioritising safety, health, environmental and quality standards. Chemco’s ongoing management team will continue to oversee the next stage of the company’s growth with the support of Basalt.
“Chemco is the leading provider of specialist logistics services to the growing semiconductor and pharmaceutical sectors in Ireland, and its highly specialised and long term contracted services are a critical component to its customers” commented John Hanna, Managing Partner, from Basalt. “Basalt is excited to partner with management to support the Company’s growth.”
“I am hugely proud of the company that our team has built since Chemco was founded in 1992 and am extremely pleased that the next stage of the Company’s growth will be driven by the ongoing management team with the support of an investor of the calibre of Basalt” commented retiring founder CEO Des McDonald.
TowerView is acting as exclusive financial advisor and A&L Goodbody is acting as legal advisor to Basalt. DC Advisory is acting as exclusive financial advisor and McCann Fitzgerald is acting as legal advisor to Chemco.
About Basalt
Basalt is investment advisor to certain infrastructure equity investment funds focusing on mid-market investments in utilities, power, transport, and digital infrastructure in North America and Europe. The Funds have invested c.US$7bn across 31 investments in total, including 18 European investments representing US$3.6bn.
For more information, please visit www.basaltinfra.com
Media Contact
Ray Gordon, Gordon MRM (ray@gordonmrm.ie)
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