March 18, 2024

Inglewood acts as exclusive financial advisor to R.W. Sidley in agreement to sell its Silica business to Covia

R.W. Sidley engaged Inglewood Associates as its exclusive financial advisor for the sale of its Silica business.  Inglewood ran an extensive sale process contacting numerous financial and strategic buyers and PE firms.  The process resulted in the receipt of several Letters of Intent, all of which were from strategic buyers.   After Covia was selected as the finalist, Inglewood assisted throughout the due diligence process.  The parties entered into a purchase agreement last week, with the transaction expected to close in early 2024.