M&A Deal Summary

American Securities Acquires Meridian Adhesives Group

On September 8, 2022, private equity firm American Securities acquired chemicals company Meridian Adhesives Group from Arsenal Capital Partners

Acquisition Highlights
  • This is American Securities’ 9th transaction in the Chemicals sector.
  • This is American Securities’ 75th transaction in the United States.
  • This is American Securities’ 4th transaction in North Carolina.

M&A Deal Summary
Date 2022-09-08
Target Meridian Adhesives Group
Sector Chemicals
Buyer(s) American Securities
Sellers(s) Arsenal Capital Partners
Deal Type Secondary Buyout
Advisor(s) Citigroup Investment Banking
Moelis & Co. (Financial)
Benesch, Friedlander, Coplan & Aronoff (Legal)

Target

Meridian Adhesives Group

Charlotten, North Carolina, United States
Meridian Adhesives Group is a manufacturer of high-value adhesives and sealants technologies. Meridian Adhesives portfolio of solutions includes high-performance specialty epoxy, polyurethane, and hybrid adhesives for the electronics, medical, construction, and infrastructure markets. Meridian Adhesives Group was founded in 2018 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.

DEAL STATS #
Overall 76 of 80
Sector (Chemicals) 9 of 9
Type (Secondary Buyout) 33 of 37
State (North Carolina) 4 of 4
Country (United States) 75 of 79
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-02 RealManage

Plano, Texas, United States

RealManage is a homeowner association and condominium management company that includes GrandManors and CiraConnect, is one of the fastest-growing association management companies in the country, currently ranking number three among the nation's home owner association/condo management companies. The company offers innovative management services to community associations of all types and sizes, including homeowner associations, condominium associations, cooperatives, municipal utility districts, and large master-planned communities. RealManage was founded in 2004 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-23 Milk Specialties Global

Eden Prairie, Minnesota, United States

Milk Specialties Global is a human and animal nutrition company. The Human Nutrition Business Unit is a leading manufacturer of whey and milk protein ingredients used primarily in the sports nutrition and functional foods end-markets. Milk Specialties Global was founded in 1949 and is based in Eden Prairie, Minnesota.

Sell -

Seller(S) 1

SELLER

Arsenal Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Arsenal Capital Partners is a private equity firm focused on middle-market healthcare, specialty industrial, and financial service companies. Specifically, Arsenal looks to acquire businesses in the areas of specialty chemicals, aerospace/defense, transportation, environmental services, business services, insurance, asset management, financial technology, medical products, healthcare IT, and healthcare contract research/manufacturing. The Firm typically seeks to commit $50 to $300 million per investment in profitable businesses with at least $10 million of EBITDA. Funds are generally used to support buyouts, recapitalizations, growth financings, consolidations, and divestitures. The Firm avoids investing in companies reliant on high levels of technology. Arsenal Capital Partners was formed in 2000 and is headquartered in New York City.

DEAL STATS #
Overall 32 of 35
Sector (Chemicals) 12 of 12
Type (Secondary Buyout) 16 of 16
State (North Carolina) 1 of 1
Country (United States) 31 of 32
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 OncoHealth

Atlanta, Georgia, United States

OncoHealth is a digital health company dedicated to helping health plans, employers, providers, patients and life science researchers navigate the physical, mental and financial complexities of cancer through technology-enabled services and real-world data analytics. OncoHealth was founded in 2009 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-07 Certara

Princeton, New Jersey, United States

Certara engages in model-informed drug development and regulatory science, focused on optimizing drug development and improving health outcomes. Certara was founded in 2008 and is headquartered in Princeton, New Jersey.

Buy -
Mergr

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Legal