Goldner Hawn Completes Sale of Terra Firma

Goldner Hawn LP (“Goldner Hawn”) today announced the sale of Terra Firma LLC (“Terra Firma”) to DKSH Holding Ltd. (“DKSH”), which closed on October 31, 2022 for total consideration of $360,000,000.

Goldner Hawn led the initial recapitalization of Terra Firm, and subsequently completed the recapitalizations of Dowd & Guild, and Northspec Chemicals, creating a bespoke specialty chemicals distributor. Through its combined resources, Terra Firma provides comprehensive coverage of the United States and Canada to a diversified base of specialty chemical suppliers serving customers in the coatings, adhesive, sealants and elastomers (“CASE”) market. For DKSH, a leading global distributor, the acquisition represents a cornerstone in the expansion of their Performance Materials business unit in North America.

Terra Firma CEO Tim Fetters commented, “Goldner Hawn has been a constant business resource from the inception of this partnership by providing capital and guidance to significantly scale our business. We believe that a new partnership with DKSH is a perfect fit for our next chapter as it provides our employees, suppliers, and customers with continuity and the support and reach of a much larger global organization.”

About Terra Firma
Terra Firma is a leading North American distributor of specialty chemicals for end markets including CASE, construction, and plastics; with several secondary markets including agrochemicals, ceramics, food, graphic arts, HI&I, lubricants, oil and gas, paper, personal care, rubber, and textiles. Terra Firma represents a blue-chip roster of global suppliers and serves more than 3,000 customers across the United States and Canada. For more information, visit ontf.com.

About Goldner Hawn
Goldner Hawn was founded in 1989 in Minneapolis, Minnesota and has been a source of private capital to leading lower middle market companies for over 30 years. With an investment philosophy centered on the principle of partnership, Goldner Hawn seeks to back management teams of businesses with $5 million to $20 million of EBITDA in industries including specialty manufacturing, value-added distribution, and business and consumer services. Goldner Hawn has made over 100 platform and add-on investments in companies with total transaction values exceeding $4 billion. For more information, call 612-338-5912 or visit goldnerhawn.com.