TruArc Partners has acquired Matrix Adhesives Group, a Columbus, Ohio-based adhesive and sealant solutions provider, from Goldner Hawn. The deal sees Dennis Johnson remaining as CEO while Rich Rowe, former president and CEO of Arkema North America, joins as non-executive chairman. Founded in 2021, Matrix serves renovation, construction, industrial, and commercial markets with specialized formulations.

Goldner Hawn, the seller, has exited the adhesive solutions provider after a holding period. Matrix's products span specialty applications across multiple industries, making it an attractive asset for private equity. TruArc Partners continues its strategy of investing in industrial and specialty chemical businesses with growth potential in the construction materials space.

The acquisition reflects ongoing interest in the adhesives and sealants sector, which has seen steady demand from both industrial and construction markets. While financial terms weren't disclosed, the retention of existing management suggests continuity in operations and strategic direction. Rowe's chemical industry experience could provide valuable connections and expertise for Matrix's next growth phase.