Crown, headquartered in Gillette, Wyoming, specializes in the formulation and application of proprietary specialty chemicals used to facilitate raw material handling in the coal, steel and utility industries. Crown supplies a turn-key solution to clients by providing the necessary expertise, equipment and chemicals. The company’s customers include coal producers, coke producers, steel manufacturers, utility companies and industrial companies across the United States.

Merit invested both subordinated debt and equity to support the majority recapitalization of Crown in partnership with management.