APPLIED Adhesives Completes Acquisitions of BTmix and HG Adhesive Dispensing

Deal News | Jul 10, 2025 | Bertram Capital Management LLC

APPLIED Adhesives Completes Acquisitions of BTmix and HG Adhesive Dispensing

APPLIED Adhesives, a prominent provider of custom adhesive solutions in North America, has successfully acquired BTmix and HG Adhesive Dispensing, both located in Carson City, NV. BTmix, recognized for manufacturing high-quality static mixers, serves various industries including automotive and aerospace. APPLIED aims to incorporate BTmix's expertise to enhance its parts offerings. Similarly, HG Adhesive Dispensing, notable for its advanced fluid dispensing equipment, will bolster APPLIED's engineering capabilities and market reach. Both acquisitions underline APPLIED's commitment to expanding their service offerings and providing enhanced customer value. Bertram Capital Management LLC, a private equity firm, is backing these acquisitions through its focus on lower middle-market companies, employing strategic growth capital and operational initiatives.

Sectors

  • Adhesives
  • Private Equity
  • Manufacturing

Geography

  • United States – All companies mentioned, including APPLIED Adhesives, BTmix, and HG Adhesive Dispensing, are based in the United States, focusing on the North American market.

Industry

  • Adhesives – The article revolves around APPLIED Adhesives, BTmix, and HG Adhesive Dispensing, which operate in the adhesives industry, focusing on custom adhesive solutions, static mixers, and fluid dispensing.
  • Private Equity – Bertram Capital Management LLC is a private equity firm involved in financing the acquisitions, highlighting its role in private equity investments and operational strategy.
  • Manufacturing – BTmix and HG Adhesive Dispensing are manufacturers of adhesive-related equipment, contributing to sectors such as automotive, construction, and electronics.

Financials

  • $4.0 billion – Capital commitments raised by Bertram Capital since its inception in 2006.

Participants

NameRoleTypeDescription
APPLIED AdhesivesAcquiring CompanyCompanyA leading custom adhesive solutions provider in North America, founded in 1971, specializing in the sourcing and service of adhesive-related products.
BTmixTarget CompanyCompanySince 2000, a manufacturer of static mixers based in Carson City, NV, serving industries like automotive and aerospace.
HG Adhesive DispensingTarget CompanyCompanyA Carson City, NV-based provider of custom dispensing equipment since 1978, known for its quality and innovation.
Bertram Capital Management LLCPrivate Equity FirmCompanyA private equity firm funding the acquisitions, focusing on lower middle-market investments since 2006.