Arsenal Acquires Applied Adhesives from Goldner Hawn

Bertram Capital Acquires APPLIED Adhesives from Arsenal Capital Partners

April 15, 2025

Industrial Services

Bertram Capital has acquired Applied Products, Inc. (APPLIED Adhesives) from Arsenal Capital Partners; terms were not disclosed. Bertram intends to use APPLIED as a new industrial distribution platform to drive organic growth and add-on acquisitions while APPLIED's existing management, led by CEO John Feriancek, will remain in place.

APPLIED Adhesives Acquires Heigl Adhesives

May 16, 2023

Industrial Services

APPLIED Adhesives, a PE-backed custom adhesive solutions provider, has completed its acquisition of Heigl Adhesives, a Minnesota-based supplier of industrial adhesives and dispensing equipment. The deal brings Heigl’s technical expertise and customer relationships into APPLIED’s platform to expand product offerings and service capabilities for manufacturers across multiple end markets.

APPLIED Adhesives Acquires Adhesive Systems Technology (AST)

June 28, 2021

Manufacturing

APPLIED Adhesives has acquired Adhesive Systems Technology Corp (AST), a designer and manufacturer of metering, mixing and dispensing equipment focused on the industrial and construction markets. The deal expands APPLIED’s adhesive dispensing capabilities and is the company's second acquisition under the ownership of Arsenal Capital Partners.

APPLIED Adhesives Acquires Alliance Adhesives

May 25, 2022

Manufacturing

APPLIED Adhesives, a Minnetonka, Minnesota-based custom adhesive solutions provider, has completed its acquisition of Alliance Adhesives, a regional manufacturer and distributor of industrial adhesives and dispensing equipment in Oldsmar, Florida. The deal expands APPLIED's geographic reach and product/service capabilities while integrating Alliance's regional customer relationships and technical expertise into APPLIED's platform.

APPLIED Adhesives Acquires American Chemical

October 12, 2021

Manufacturing

APPLIED Adhesives, a custom adhesive solutions provider based in Minnetonka, Minnesota, has acquired American Chemical, a regional supplier of adhesives and sealants located in Minneapolis, Minnesota. The acquisition strengthens APPLIED Adhesives' technical capabilities, in-house lab services and regional customer support; Krahn Capital Group advised American Chemical and the seller was former owner Dennis Werneke.

APPLIED Adhesives Acquires Engineered Adhesive Systems

July 14, 2022

Industrial Services

APPLIED Adhesives, a North American custom adhesive solutions provider headquartered in Minnetonka, Minnesota, has completed the acquisition of Engineered Adhesive Systems, a Grandville, Michigan-based supplier of adhesives and adhesive dispensing equipment. The deal expands APPLIED's product and equipment capabilities and strengthens its regional service and technical support for industrial customers.