Chesapeake Corporate Advisors Serves as Exclusive Financial Advisor
Baltimore, MD – April 21, 2026 – Chesapeake Corporate Advisors (“CCA”) is pleased to announce it has served as the exclusive financial advisor to Maryland Chemical Company (“Maryland Chemical”), a trusted distributor of essential chemistry serving the Mid-Atlantic region, in its sale to George S. Coyne Chemical Co., Inc. (“Coyne Chemical”).
Headquartered in Baltimore, Maryland, Maryland Chemical Company has served customers across the Mid-Atlantic for nearly 73 years, providing essential chemistry solutions and distribution services across a broad range of industries. Maryland Chemical has built a strong reputation for reliability, safety, and customer-focused service, establishing long-standing relationships with customers and suppliers throughout the region.
Jeanette Glose Partlow, President of Maryland Chemical Company, commented, “Charlie Maskell has been a trusted advisor over a number of years as I learned about and created a succession plan. In our case, succession was a transition to a new owner for our third generation family-owned company. Charlie and the CCA Team provided us with support, expert advice, and guidance during the entire process, from education on value methodologies, process stages, and deal dynamics. Their guidance was essential in helping us successfully navigate the process, especially the valuation and due diligence phases, and close our sale of Maryland Chemical Company to our chosen successor, 4th and 5th generation Coyne Chemical Company.”
Charlie Maskell, Managing Director at CCA, added, “It was a privilege to support Jeanette and the Maryland Chemical team through this important transition. Finding the right partner to carry forward the Company’s legacy was a top priority, and we believe Coyne Chemical is an excellent fit. We are proud to have helped position Maryland Chemical for continued success in its next chapter.”
In addition to Mr. Maskell, CCA’s team on this transaction included Vice President Meghan Daley. Offit Kurman served as legal counsel to Maryland Chemical.
About Maryland Chemical Company
Maryland Chemical Company is a Baltimore, Maryland-based distributor of essential chemistry serving customers throughout the Mid-Atlantic region. Founded more than 70 years ago, the Company has built a strong reputation for delivering reliable service, high-quality products, and trusted technical expertise across a diverse customer base. To learn more, visit www.marylandchemical.com.
About George S. Coyne Chemical Co., Inc.
Founded in 1868, George S. Coyne Chemical Co., Inc. is the longest continuously family-owned chemical distributor in the United States. Along with its wholly owned subsidiaries, Sterling Water Technologies and Kitchenman Terminal Company, Coyne Chemical provides essential chemistries to customers across all 50 states. To learn more, visit www.coynechemical.com.
About Chesapeake Corporate Advisors
Chesapeake Corporate Advisors is a boutique investment banking and corporate advisory firm providing strategic advisory services (value creation) and investment banking services (value realization) to companies in the lower middle market. For more information, visit www.ccabalt.com or call 410.537.5988.