GTM Announces Sale to Advent International (Latin America)
Source: Advent International
Global private equity investor Advent International has agreed to acquire a controlling interest in Latin America-focused chemical distributor Grupo Transmerquim (GTM). GTM provides chemical products and logistical services to its customers via its 40 locations in 12 countries from Mexico to Argentina. Financial details of the transaction, which is expected to close in December 2014, were not disclosed.