We advised TruArc on the transaction

Davis Polk advised TruArc Partners, LP on its acquisition of Matrix Adhesives Group from Goldner Hawn. Financial terms of the transaction were not disclosed. The closing of the transaction occurred on March 23, 2026.

Based in New York City, TruArc Partners, LP 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. Founded in 2021, Matrix Adhesives Group is an adhesive and sealant solutions supplier across the United States and Canada. It offers a broad range of products for renovation and construction, industrial, commercial and specialty applications. Matrix is headquartered in Columbus, Ohio, with five additional manufacturing facilities in the United States and one in Canada.

The Davis Polk corporate team included partner Evan Rosen and associate Merrik (Alex) Sanders. Partner Robert F. Smith provided sponsor finance advice. The executive compensation team included partner Adam Kaminsky and counsel Christina Andersen. Partner David R. Bauer provided intellectual property advice. Partner Ethan R. Goldman and counsel Danielle Rapaccioli provided tax advice. Counsel David A. Zilberberg provided environmental advice. Partner Sijia Cai provided Investment Management advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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