## KKR's $127.50-Per-Share Deal Closes: Chase Corporation Enters New Growth Era Under Lance Reisman's Leadership

The acquisition of Chase Corporation by KKR has officially concluded, marking a significant transition for the specialty chemicals manufacturer. The private investment firm completed the deal at $127.50 per share, and Chase's equity has been delisted from NYSE American as of today.

**Strategic Partnership Takes Shape**

Adam Chase, who has served as President and Chief Executive Officer since 2015, highlighted the alignment between the two organizations. "KKR demonstrated a genuine cultural resonance with our business from day one," he noted, emphasizing the investment firm's track record in the materials science sector and its dedication to workforce development as key factors in the partnership's formation. Adam's tenure at Chase spans over two decades, including his previous role as Chief Operating Officer before ascending to the top leadership position.

The transaction also brings notable leadership changes. Lance Reisman, an Executive Advisor to KKR, will now chair Chase Corporation's Board of Directors. Reisman brings extensive operational expertise from his background at Danaher, where he previously led the Water Quality Platform as Group Executive and Vice President, overseeing significant operational transformations and strategic acquisitions. His current board positions include Flow Control Group and roles as Chairman at GeoStabilization International and Industrial Physics.

**Employee Ownership and Long-Term Vision**

A standout feature of this transaction involves KKR's commitment to establishing a comprehensive employee ownership program, enabling all staff members to participate in the company's equity benefits. This reflects KKR's broader philosophy that employee engagement and ownership culture drive sustainable company performance. The investment firm has distributed billions in total equity value to more than 60,000 non-senior management employees across its portfolio since 2011, spanning more than 35 companies.

"I'm excited to partner with Adam and his exceptional team in driving Chase toward expanded growth and innovation opportunities," Reisman stated. "The company has cultivated a robust collection of proprietary technologies, and there's substantial potential to accelerate expansion through both organic development and strategic acquisitions."

**About the Companies**

Chase Corporation, established in 1946, operates as a global specialty chemicals manufacturer, specializing in protective materials engineered for mission-critical applications across diverse industries worldwide. KKR, a leading alternative asset management and investment platform, manages funds focused on private equity, credit, and real assets, alongside insurance solutions administered through its Global Atlantic Financial Group subsidiary.