Private equity firm Bertram Capital announced on April 15 that it has made an investment in Applied Products Inc. (APPLIED Adhesives), a leading value-added distributor and manufacturer of adhesive solutions serving industrial customers across North America. APPLIED represents Bertram’s fourth investment in a value-added industrial distribution platform and third platform investment in Fund V. Terms of the transaction were not disclosed. 

Headquartered in Minnetonka, Minnesota, APPLIED Adhesives has grown into one of North America's largest independent adhesive distributors through its commitment to technical expertise, product innovation, and customer service. The company provides customized adhesive solutions across a wide range of end markets, including packaging, paper converting, product assembly, automotive, and other industrial end markets. APPLIED’s comprehensive product offerings include hot-melt, water-based, and structural adhesives as well as other specialty adhesive parts and equipment. This expertise is supported by a team of technical experts and a full suite of value-added services, including equipment installation and maintenance. 

“APPLIED Adhesives has established itself as a leading partner to both customers and manufacturers in the specialty adhesives product category,” said Kevin Yamashita, partner at Bertram Capital. “The company’s strong customer relationships, technical capabilities, and proven M&A playbook provide an ideal foundation for continued growth, both organically and through strategic acquisitions. We intend to leverage the capabilities of our in-house technology team, Bertram Labs, to find opportunities to drive revenue growth, support M&A integration and improve business efficiencies. We are thrilled to partner with such a fantastic business and team.” 

Bertram Capital reports that it intends to partner with the APPLIED Adhesives leadership team to support the company’s next phase of growth. John Feriancek will continue in his role as CEO, alongside the existing executive team. 

“We are very excited to partner with Bertram as we continue to build on APPLIED Adhesives’ strong foundation,” said John Feriancek, CEO of APPLIED Adhesives. “Bertram’s experience within the industrial distribution sector and the shared vision in the value creation strategy differentiated Bertram in the sale process. We look forward to leveraging Bertram’s operating capabilities, including the Bertram Labs team, to continue to accelerate growth.”

Learn more about APPLIED Adhesives www.appliedadhesives.com. Additional information about Bertram Capital is available at www.bertramcapital.com.