Inglewood Acts as Exclusive Sell-Side M&A Advisor to R.W. Sidley in Sale of Its Silica Business to Covia
Inglewood ran a competitive sell-side process for R.W. Sidley's Silica business, drawing multiple strategic LOIs and a purchase agreement with Covia.
R.W. Sidley engaged Inglewood as its exclusive financial advisor for the sale of its Silica business. The sell-side M&A engagement culminated in a purchase agreement with Covia, signed in March 2024.
Inside the Sell-Side M&A Process
Inglewood's investment banking team ran an extensive sale process, contacting numerous financial and strategic buyers as well as private equity firms. The process produced several Letters of Intent, all of them from strategic buyers.
After Covia was selected as the finalist, Inglewood assisted R.W. Sidley throughout the due diligence process. The transaction is expected to close in early 2024.
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