The principals of Quarton Partners advised Huron Capital Partners in its sale of Matrix System Automotive Finishes to Quest Specialty Chemicals.
Matrix System Automotive Finishes Inc. was acquired by Quest Specialty Chemicals Inc., a portfolio company of Huron Capital Partners. The principals of Quarton Partners acted as the exclusive financial advisor to Matrix.
Matrix System Automotive Finishes, Inc., founded in 1983 is the largest independent supplier of automotive aftermarket refinish coatings in the U.S. and has developed an extensive product line of acrylic and polyurethane coatings for the high performance requirements specified in automotive finishes. Based in Walled Lake, Michigan, Matrix supplies paint products to automotive refinish paint distributors across the U.S. for sale to collision repair shops.
Quest Specialty Chemicals (QSC) was established in 2003 by chemical industry veterans to become a leader in specialty chemicals and coatings. QSC is engaged in the formulation, manufacturing, and marketing of coatings designed to repair, restore, and preserve the assets of customers.