CIT Sponsor Finance provided senior secured credit financing to Altamont Capital Partners (ACP) and Douglas Products, to acquire the Vikane and ProFume businesses from Dow AgroSciences (a subsidiary of Dow Chemical).

Financing for CIT was provided by CIT Bank. Terms of the transaction were not disclosed.

ACP is a San Francisco Bay area private equity firm focused on middle market businesses and partnering with leading management teams to help them reach their full potential. Douglas is a manufacturer and distributor of specialty chemical products for pest management, thermal fluids and sanitary sewer applications.

Jeff Kilrea, group head and managing director of CIT Sponsor Finance, said, “This acquisition financing highlights Altamont’s commitment to growing its portfolio of companies as Douglas’ experienced management team looks to capitalize on the opportunity to build a leading specialty chemicals platform.”

Eric Toizer, managing director of CIT Sponsor Finance, said, “The relationship with Dow and Douglas provides customers with the comfort that the products will be produced in the same facility going forward, combined with Douglas’ outstanding management and customer service. We’re pleased to put our knowledge to work on behalf of ACP and look forward to helping Douglas grow its platform.”