Key Takeaways
- • Smart Chemical Solutions, a portfolio company of Gladstone Investment and Xyresic Capital, has acquired Polymer Technologies, extending its footprint into well intervention and water conformance services.
- • Polymer Technologies, based in Plainville, Kansas, pumps polymer gel treatments into oil wells to cut unwanted water production and seal fractures, high-permeability channels and casing leaks, and has provided the service since 1989.
- • Gladstone Investment and Xyresic Capital acquired Smart Chemical in May 2025, and the new deal broadens the platform's services for onshore oil and gas operators.
- • Smart Chemical CEO Billy Smith described Polymer Technologies as a strong strategic fit.
Summary
Smart Chemical Solutions, a portfolio company of Gladstone Investment and Xyresic Capital, has acquired Polymer Technologies, according to the primary source. The transaction extends Smart Chemical into well intervention and water conformance services. Gladstone Investment and Xyresic Capital acquired Smart Chemical in May 2025.
Polymer Technologies pumps polymer gel treatments into oil wells to reduce unwanted water production. The treatments seal fractures, high-permeability channels and casing leaks. The company is based in Plainville, Kansas, and has provided this service since 1989.
Smart Chemical, headquartered in Midland, Texas, supplies production chemicals to onshore oil and gas operators. It also manufactures custom chemical products for fuel additive, agricultural, water treatment and industrial markets. Adding Polymer Technologies broadens its offering within the oilfield services segment. Billy Smith, CEO of Smart Chemical, said the acquisition is a strong strategic fit.
Christopher Lee, executive vice president and senior managing director of Gladstone Investment, said the firm will continue to support the Smart Chemical team following the deal.
Polymer Technologies pumps polymer gel treatments into oil wells to reduce unwanted water production. The treatments seal fractures, high-permeability channels and casing leaks. The company is based in Plainville, Kansas, and has provided this service since 1989.
Smart Chemical, headquartered in Midland, Texas, supplies production chemicals to onshore oil and gas operators. It also manufactures custom chemical products for fuel additive, agricultural, water treatment and industrial markets. Adding Polymer Technologies broadens its offering within the oilfield services segment. Billy Smith, CEO of Smart Chemical, said the acquisition is a strong strategic fit.
Christopher Lee, executive vice president and senior managing director of Gladstone Investment, said the firm will continue to support the Smart Chemical team following the deal.
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