A&M Capital Strategic Investments (“AMCSI”), A&M Capital’s dedicated active minority investment strategy, is pleased to announce an investment in Matrix Adhesives Group (“Matrix” or the “Company”), backed by TruArc Partners (“TruArc”), in support of Matrix’s acquisition of IPS Adhesives (“IPSA”).
Headquartered in Columbus, Ohio and led by CEO DJ Johnson, Matrix is a provider of advanced adhesive and sealant solutions for renovation and construction, industrial, commercial, and specialty applications. The Company specializes in formulating, filling, blending, and contract packaging. Matrix was acquired by TruArc, a private equity firm focused on middle-market investments in Specialty Manufacturing and Business Services, in March 2026.
The combination with IPSA advances Matrix’s mission to create a global, diversified mid-market adhesives and sealants platform. IPSA is a provider of high-performance specialty adhesives with expertise in Methyl Methacrylate (“MMA”) technology, which is increasingly specified in building and construction, transportation, industrial, and marine markets. IPSA brings a suite of established brands, strengthens Matrix’s position in specification-driven applications, and extends the Company’s international presence through IPSA’s European footprint, distributor network, and customer relationships.
“TruArc has a long history investing in specialty manufacturing, and we’re excited to partner with the team to pursue the value creation opportunity ahead of Matrix in its acquisition of IPSA,” said Thomas Slater, Partner, AMCSI. “Our prior experience in the adhesives and sealants sector, combined with A&M Consulting’s insights on end markets and carve-out & integration planning, reinforced our conviction in the combination of these two businesses. Supporting sponsor-backed companies in strategic acquisitions is core to what we do, and we’re pleased to invest alongside TruArc as a trusted, value-added minority partner.”
The transaction closed on July 7, 2026.
About A&M Capital
A&M Capital is a multi-strategy middle-market private equity investment firm with over $6 billion in commitments under management across its funds, vehicles and accounts as of March 31, 2026. The firm is led by an experienced investment team, which is augmented by a strategic association with A&M Consulting, a leading global, operationally-focused, advisory firm.
AMCSI, with total commitments under management of ~$835 million, is A&M Capital’s dedicated active minority investment strategy focused on partnering with middle market private equity firms in their core areas of expertise. AMCSI leverages the experience of its dealmaking professionals and its strategic association with A&M Consulting’s market-leading private equity services business to facilitate value-added partnership. AMCSI’s investments span a variety of industries, supporting companies with sustainable growth and value creation objectives. For more information, visit www.a-mcapital.com.
About Matrix Adhesives Group
Matrix Adhesives Group is a provider of advanced adhesive and sealant solutions. Specializing in custom formulation, blending, filling, and packaging, the Company offers a portfolio of branded products alongside private label and contract manufacturing services across the renovation and construction, industrial, commercial, and other specialty markets. For more information, please visit www.matrixadhesives.com
About IPS Adhesives
IPS Adhesives is a provider of adhesives serving the surfacing, structural, and assembly industries. With a combined 65 years of research and development expertise, its products are recognized by OEMs and fabricators globally for their quality, strength, and reliability. IPS Adhesives operates state-of-the-art manufacturing facilities across two continents and serves customers worldwide through a broad distributor network. For more information, please visit www.ipsadhesives.com.
About TruArc Partners
TruArc Partners is a private equity firm focused on middle-market investments in attractive sub-sectors across specialty manufacturing and business services. The TruArc investment team works with its operating partners and portfolio management teams to create value through transformational growth strategies driven by organic and acquisition-led growth. For more information, visit www.truarcpartners.com.
