Akoya Capital Partners Increases Its Investment In Specialty Chemicals with the Acquisition of Edge Adhesives
March 10, 2014 – Akoya Capital Partners, LLC, in partnership with Gladstone Investment Corporation and current management, has acquired Edge Adhesives Holdings, Inc. (www.edgeadhesives.com) in a move to increase its holdings in the Specialty Chemicals industry. Edge Adhesives becomes Akoya’s third platform company in the industry, joining ICM Products and CASS Polymers, both of which were acquired in 2012.
Headquartered in Fort Worth, Texas, Edge is a leading developer and manufacturer of innovative adhesives, sealants, tapes, and related solutions used in building products, transportation, electrical, HVAC, and other markets. Edge satisfies customer requirements under brands such as Edge, PARR, PTI, Rubex, and PLIOSEAL, as well as through its private label relationships with leading brands where Edge is a leader in GREEN technologies.
Dave Burger, current CEO of Edge will continue in that role and will also serve on the Board of Directors. “We are excited by this next phase for Edge and the opportunity to partner with Akoya and Gladstone,” noted Dave. “This partnership will provide increased value for our customers and employees, and further position the business to deliver superior solutions within the end-markets that demand high quality and innovative solutions.”
Peter Kotz, Managing Director of Gladstone Investment stated, “We are excited by the prospect of partnering with an industry veteran in Dave Burger, management, and employees to continue to build upon Edge’s innovative product offering. A collective partnership with Akoya, which brings specialty chemicals expertise, also allows us to accelerate the growth in the business and continue to deliver value-added solutions to its blue-chip customer base.”
Edge Adhesives is one of ten companies in Akoya’s current portfolio and its ninth acquisition within the last two and one-half years. “The Edge acquisition is consistent with our investment strategy of combining world-class executives, well-positioned companies, and fully developed value creation strategies to create significant value for management and investors,” said Max DeZara, Managing Partner of Akoya.
Akoya Capital Partners, LLC is a highly skilled private investment firm that sponsors transactions in lower and middle market businesses with attractive growth prospects. We bring together industry leaders, investment worthy executives, and private sources of capital to execute acquisition-based strategies to create significant value for sellers, management, and investors. We are a highly experienced team with a track record of success in executing transactions and accelerating value creation.
We focus on selected industry sectors where we have deep domain and operating expertise. Each of our sectors is led by an accomplished industry executive with a history of building businesses and creating value within their industry. We currently focus on investments in the following sectors; Consumer Foods, Specialty Chemicals, Environmental and Energy Services, Workplace Safety and Productivity, and Professional Information Services.