Houlihan Lokey Advises Matrix Adhesives Group

Houlihan Lokey is pleased to announce that Matrix Adhesives Group (Matrix), a portfolio company of Goldner Hawn, has been acquired by TruArc Partners (TruArc). The transaction closed on March 23, 2026.

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.

Goldner Hawn was founded in 1989 in Minneapolis, Minnesota, and has been a source of private capital to leading lower-middle-market companies for more than 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 such as 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.

TruArc is a private equity firm focused on middle-market investments. TruArc focuses on companies in attractive subsectors 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.

Houlihan Lokey served as financial advisor to Matrix and Goldner Hawn and assisted in marketing, structuring, and negotiating the transaction on their behalf. This transaction highlights Houlihan Lokey’s expertise and continued success in advising attractive businesses within the specialty adhesives and coatings sectors.

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