Strategic Partnership to Support Matrix’s Expansion of its Product Offerings, End Markets, and Customer Base

TruArc Partners (“TruArc”), a private equity firm focused on middle-market investments in business services and specialty manufacturing, announced today that it has acquired Matrix Adhesives Group (“Matrix” or the “Company”) from Goldner Hawn. Terms of the transaction were not disclosed.

Matrix provides advanced adhesive and sealant solutions, offering a broad range of 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.

TruArc Partners has prior experience investing in specialty manufacturing businesses and partnering with management teams to accelerate organic and inorganic growth strategies. Dennis (“DJ”) Johnson will remain in his role as CEO of the Company and Rich Rowe, former President & CEO of Arkema North America, will join Matrix as the Non-Executive Chairman of the Board of Directors.

“We have been highly impressed with what Matrix has become over the past five years. The Company’s branded portfolio combined with its formulating and packaging capabilities provides a strong foundation for growth,” said John Pless, Co-Managing Partner at TruArc Partners. “We are excited to partner with the Matrix team to support the Company’s strategic expansion of its product offerings, end markets, and customers.”

“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 that can support our continued growth, expand our capabilities, drive innovation, and help us pursue strategic acquisitions to better serve our customers,” said DJ.

Chemlink Partners served as financial advisor to TruArc Partners. Houlihan Lokey and BMO Capital Markets served as financial advisors to Matrix Adhesives Group. Davis Polk & Wardwell LLP acted as legal counsel to TruArc Partners.

About Matrix Adhesives Group

Matrix Adhesives Group is an adhesive and sealant solutions development partner. The company specializes in formulating, filling, blending, and contract packaging for consumer and industrial markets. For more information, please visit www.matrixadhesives.com.

About TruArc Partners

TruArc Partners is a private equity firm focused on middle-market investments. TruArc focuses on companies in attractive sub-sectors across specialty manufacturing and business services. The TruArc investment team collaborates with its operating partners and portfolio management teams to create value through a transformational growth strategy led by organic or acquisition-driven growth. To learn more about TruArc visit www.truarcpartners.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 $5 billion. For more information visit www.goldnerhawn.com.

Disclosure: All endorsements and/or testimonials are from current or former portfolio company executives about TruArc’s ability to provide operational support to their companies. In certain cases, the executives are investors or co-investors in TruArc’s vehicles. The executives have not been paid, directly or indirectly, for their testimonial or endorsement but as an investor or co-investor they are inherently incentivized to endorse TruArc.

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