American Securities LLC, a private equity firm, has acquired Meridian Adhesives Group, a manufacturer of adhesive technologies, from Arsenal Capital Partners.
Meridian is a producer of adhesives for electronics, infrastructure, and industrial end-markets. The company sells a portfolio of chemistries and focuses on applications that require custom services and complex formulations.
“The time that we have spent evaluating and investing in companies in the adhesives space gives us immense appreciation for Meridian’s leadership positions in attractive and growing end markets and applications,” says Scott Wolff, a managing director of American Securities. “We are excited to support the Company’s organic growth and M&A strategies, innovation, and continued operational excellence so that Meridian can continue to solve problems for its customers.”
Morgan Stanley & Co. LLC acted as financial advisors to American Securities and Weil, Gotshal & Manges LLP served as legal counsel. Citi and Moelis & Company LLC acted as financial advisors to Meridian and Benesch, Friedlander, Coplan & Aronoff LLP served as legal counsel with respect to the transaction.