Dowd and Guild Inc., Terra Firma and Northspec announced the next step in what the companies call a “bespoke” specialty chemicals distributor that will serve the United States and Canada.
Dowd and Guild, based in California, and Canadian company Northspec have joined Maryland-based Terra Firma through a partnership recapitalization. The principals of all three firms remain invested through the recapitalization, which the companies say allows for zero management exits and no consolidation of offices. According to the companies, the combination of the three enhances the companies’ abilities to focus on customers’ formulary and logistical needs.
In addition, private investment firm Goldner Hawn has been brought on as a financial partner.
“With Goldner Hawn, we have found the perfect partner who shares a long-term horizon and fully supports our commitment to true organic growth,” said David Behan, CEO of Terra Firma. “This new chapter builds on the meaningful dedication all three businesses have given to our industry and at the same time secures our place in the future. We endeavor to never lose sight of the past and those who made our success possible.”
The post Dowd and Guild, Terra Firma and Northspec Form Partnership appeared first on American Coatings Association.
from American Coatings Association https://www.paint.org/dowd-and-guild-terra-firma-and-northspec-form-partnership/
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