RICHMOND, VA – January 14, 2014 – Matrix Capital Markets Group, Inc. is pleased to announce the sale of Dimex, LLC (“Dimex”) to Grey Mountain Partners (“Grey Mountain”). Dimex, based in Marietta, OH and a portfolio company of The Brookside Group, LLC (“Brookside”), is an innovative and industry leading plastics manufacturing company serving diverse markets, including industrial matting, landscaping, marine products, masonry construction, and office chair mats. Grey Mountain is a private equity firm with offices in Boulder, CO and Minneapolis, MN.
Matrix Capital Markets Group served as exclusive financial advisor to Dimex. The transaction was led by Mike Morrison, David Shoulders, William O’Flaherty and Pratik Thakral. Matrix President, Mike Morrison, commented, “Following an efficient process, Grey Mountain was identified as the best fit to partner with CEO David Wesel to transition ownership from Brookside. Matrix is pleased to have assisted Dimex’s shareholders in achieving a successful outcome.”
Donald Hawks, Managing Director of Brookside said, “We are pleased that Dimex will continue its success with Grey Mountain. Mike Morrison and the team at Matrix did an outstanding job managing the transaction and securing an excellent partner for David Wesel and his team.”
David Wesel, President and CEO of Dimex added, “I am thrilled to partner with the Grey Mountain team as Dimex enters an exciting period of continued growth for the Company. I am also grateful for the support of Brookside throughout the duration of their ownership.”
Brookside Mezzanine Partners, based in Stamford, CT and Peoples Bank, N.A., located in Marietta, OH provided the financing on the transaction.
About Matrix Capital Markets Group
Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA. Since 1988, Matrix has provided merger & acquisition and financial advisory services for privately-held, private-equity owned and publicly traded companies, including sell-side M&A advisory, recapitalizations, asset divestitures, corporate valuations, corporate recovery, buy-side M&A advisory, capital raises of debt and equity, management buyouts, corporate advisory and fairness opinions. Matrix has served clients in a wide range of industries, including building products, business services, consumer products, energy & multi-site retail, healthcare, industrial products, lumber and media & communications. For additional information, please visit www.matrixcmg.com.
Securities offered by Matrix Private Equities, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC.