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  6. Arsenal Capital Partners Acquires Meridian Adhesives Group

M&A Deal Summary

Arsenal Capital Partners Acquires Meridian Adhesives Group

On September 5, 2018, private equity firm Arsenal Capital Partners acquired chemicals company Meridian Adhesives Group

Acquisition Highlights
  • This is Arsenal Capital Partners’ 15th transaction in the Chemicals sector.
  • This is Arsenal Capital Partners’ 36th transaction in the United States.
  • This is Arsenal Capital Partners’ 1st transaction in North Carolina.
Investment Fate
  • Meridian Adhesives Group was sold to a consortium of financial buyers in 2022.

M&A Deal Summary
Date 2018-09-05
Target Meridian Adhesives Group
Sector Chemicals
Buyer(s) Arsenal Capital Partners
Deal Type Consolidation

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

Arsenal Capital Partners

New York, New York, United States

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 37 of 57
Sector: Chemicals M&A 15 of 16
Type: Consolidation M&A Deals 7 of 8
State: North Carolina M&A 1 of 1
Country: United States M&A 36 of 50
Year: 2018 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 Inhance Technologies

Houston, Texas, United States

Inhance Technologies is a provider of post-mold fluorination solutions and the major innovator in fluorine-based material science. Inhance Technologies’ portfolio of proprietary solutions is used across a wide range of end markets to enhance its customers’ products, allowing them to perform better, last longer, and adhere to increasingly stringent regulations. Inhance Technologies was founded in 1983 and is headquartered in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-22 Polytek

Easton, Pennsylvania, United States

Polytek is a manufacturer of liquid mold rubbers and casting plastics. Polytek’s proprietary specialty polymers are used by customers to create flexible molds to reproduce highly-detailed, complex objects for a variety of industrial and consumer applications, including concrete casting, special effects, tooling, sculpture, and prototyping. Polytek was founded in 1984 and is based in Easton, Pennsylvania.

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Mergr

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