Center Rock’s Ground Protection Platform Invests in Matrax
CHICAGO, IL and BLOOMFIELD HILLS, MI — April 26, 2021 — Center Rock Capital Partners, LP (“Center Rock”) is excited to announce that its ground protection platform, Signature Systems, LLC (“Signature”) has acquired Matrax, LLC (“Matrax”), a design, engineering and manufacturing company specializing in a range of site access solutions.
Based in Columbia, Maryland, Matrax was founded by Joe Wright and Dave Buddemeyer in 2010. Matrax has assembled an exceptional team of sales, marketing, installation, and manufacturing professionals to promote its unique brand. Its application-centered focus, attention to quality, and web-based marketing have garnered considerable market awareness and has built very strong customer loyalty. Matrax’s products are designed to facilitate pedestrian and vehicular access to temporary work sites with sensitive, unstable, and unsuitable ground conditions. The acquisition of Matrax expands Signature’s product offering and further diversifies the business across customers and end markets. Dave and Joe will become part of the Signature team and continue to drive growth for the combined platform.
Dave Buddemeyer commented, “On behalf of everyone at Matrax, we are thrilled to partner with the Signature organization. Signature has established itself as an industry leader by providing highly engineered, composite matting products that improve the safety and effectiveness of operations and are critical to its customers.” Mr. Buddemeyer added, “With the goal of improving and enhancing manufacturing and distribution of site access matting solutions and stadium event flooring/turf protection products, the consolidation of Matrax with Signature Systems will provide customers with greater access to an array of high-quality, high-performance products designed to meet the requirements of all applications, ground conditions, budgets and timelines. We look forward to leveraging our combined expertise and service capabilities to develop new products and gain market share.”
“Dave and Joe have deep market and applications knowhow and built a great company with incredible product development resources,” said Jeff Condino, President of Signature. “Our businesses are highly complementary, and this combination creates tremendous growth opportunities. We are very excited to have the Matrax team join Signature,” added Mr. Condino.
Arun Laxmanan, Principal at Center Rock Capital Partners, commented, “Matrax is a strong addition to the Signature platform. The acquisition advances our strategic vision of building a leading, national ground protection business focused on manufacturing excellence and product innovation. We are excited to work with the combined management teams to fuel the Companies’ continued growth.”
About Matrax, LLC
Matrax is a design, engineering and manufacturing company specializing in a range of site access solutions. Matrax’s products are designed to facilitate pedestrian and vehicular access to temporary work sites with sensitive, unstable, and unsuitable ground conditions.
Its flagship product, the Matrax 4×4 Portable Flooring System, is in use in a wide range of applications both domestically and internationally and has stood up to the most punishing environments and uses. Matrax introduced the first injection-molded ground protection mat to the site access market in 2020, the Matrax 4×8 TNG Ground Protection Mat, to meet the needs of landscaping and tree care firms seeking an economical alternative to plywood.
For more information, please visit www.matraxinc.com.
About Signature Systems
Signature Systems designs, manufactures and distributes composite ground protection matting for industrial, construction, stadium, government and special events in more than 60 countries. Its leading global brands include MegaDeck®, SignaRoad®, DuraDeck® and OmniDeck™.
For more information, please visit www.signature-systems.com.
About Center Rock Capital Partners
Center Rock is a Midwest-based private equity firm focused on building leading industrial companies in the lower middle market. Center Rock seeks industrial manufacturing, industrial services and industrial distribution companies headquartered in North America, often with multi-national operations and locations that serve both domestic and global markets. With substantial expertise working constructively with management teams to drive both operational and strategic improvement, Center Rock’s investment professionals have the flexibility and tools to invest in a broad array of transactions and build value in lower middle market industrial companies.