Goldner Hawn Completes the Sale of Matrix Adhesives Group

Goldner Hawn LP (“Goldner Hawn”) announced the sale of Matrix Adhesives Group (“Matrix” or the “Company”), a leading adhesives and sealant solutions provider, to TruArc Partners (“TruArc”). The terms of the transaction were not disclosed.

Matrix offers a broad range of adhesive and sealant products for renovation and construction, industrial, commercial, and specialty applications. The Company’s deep formulation expertise and specialty packaging capabilities enable it to deliver branded, proprietary, and private-label solutions across diverse end markets. Matrix is headquartered in Columbus, Ohio, with five additional manufacturing facilities in the U.S. and one in Canada.

“We’re proud of what we built with Goldner Hawn and are energized by what lies ahead. With TruArc, we believe we have a strong partner to support our growth – expanding our capabilities, driving innovation, and pursuing strategic acquisitions to better serve our customers,” said DJ Johnson, Chief Executive Officer of Matrix Adhesives Group.

Chad Cornell, Partner at Goldner Hawn, added, “It has been a pleasure partnering with DJ Johnson and the Matrix team to grow Matrix both organically and through add-on acquisitions. During our partnership, DJ built out an outstanding team and together we executed on a number of important commercial and operational initiatives to set the company up for strong continued future growth. We wish DJ, his team, and TruArc all the best in the next chapter of Matrix’s growth.”

Houlihan Lokey and BMO Capital Markets served as financial advisors, and Faegre Drinker Biddle & Reath LLP served as legal counsel to Matrix. Chemlink Partners served as financial advisor to TruArc Partners, and Davis Polk & Wardwell LLP served as legal counsel to TruArc Partners.

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 $5 billion. For more information, call 612-338-5912 or visit goldnerhawn.com.