In February 2021, Convergent Concrete Technologies was sold to Meridian Adhesives Group, a portfolio company of Arsenal Capital Partners. Hybrid Capital provided exclusive financial advisory services throughout the transaction process.
The acquisition enhanced Meridian Adhesives Group’s construction materials and specialty adhesives portfolio. Convergent Concrete Technologies’ innovative concrete repair and protection solutions complemented Meridian’s existing product lines, strengthening the combined company’s market position in the construction and infrastructure sectors.