Milwaukee-based investment bank Grace Matthews Inc. has announced the sale of Fort Worth, Texas-based adhesive manufacturer Edge Adhesives.
Edge makes butyl and block co-polymer adhesive tapes, and other sealant and adhesive products. Grace Matthews completed the sale with Detroit-based Superior Capital Partners.
The manufacturing company was purchased by a buyer group led by McLean, Va.-based Gladstone Investment Corp. and Chicago-based Akoya Capital Partners.
The current executive management team will continue to lead Edge Adhesives.
“We spoke to Superior prior to its original acquisition of Edge Adhesives (then Q’So, Inc.) back in 2010,” said Ben Scharff, managing director at Grace Matthews. “When they recently asked us to help them manage the sale of the business, we were impressed by how well they had been able to execute on their original investment thesis. With a rapidly growing bottom line, the key in successfully marketing Edge was to find someone that fully understood, appreciated and valued the company’s current technology and capabilities, as well as its future targeted growth opportunities. Having had discussions with many of the best possible strategic and private equity buyers for this business, we are confident that we found the right partner for the sellers and the management team.”
《Grace Matthews sells adhesives company》：
Edge makes butyl and block co-polymer adhesive tapes, and other sealant and adhesive products. Grace Matthews completed the sale with Detroit-based Superior Capital Partners.
The manufacturing company was purchased by a buyer group led by McLean, Va.-based Gladstone Investment Corp. and Chicago-based Akoya Capital Partners.
The current executive management team will continue to lead Edge Adhesives.
“We spoke to Superior prior to its original acquisition of Edge Adhesives (then Q’So, Inc.) back in 2010,” said Ben Scharff, managing director at Grace Matthews. “When they recently asked us to help them manage the sale of the business, we were impressed by how well they had been able to execute on their original investment thesis. With a rapidly growing bottom line, the key in successfully marketing Edge was to find someone that fully understood, appreciated and valued the company’s current technology and capabilities, as well as its future targeted growth opportunities. Having had discussions with many of the best possible strategic and private equity buyers for this business, we are confident that we found the right partner for the sellers and the management team.”