Applied Products and Golder Hawn Johnson & Morrison

March 2017

Madison Capital Funding closed a $17,500,000 senior debt facility to finance the Leveraged Buyout of Applied Products, Inc. by Goldner Hawn Johnson & Morrison, as the lender announced. Madison Capital Funding is the Sole Lender and Administrative Agent. Further terms were not disclosed.

Applied Products, Inc. is a premier value-added distributor of hot melt, water-based, and reactive adhesives for the packaging, paper converting, graphic arts, bottle labeling, product assembly, and woodworking industries.

Founded in 2001, Madison Capital Funding is a market leader in supporting middle market private equity sponsors with cash-flow based corporate finance products. Since inception, Madison Capital Funding has invested over $25.0 billion in over 985 middle market transactions with more than 270 private equity sponsors.

The loan discussed does not represent an account’s entire portfolio and in the aggregate, may represent only a small percentage of an account’s portfolio holdings. A complete list of all holdings is available upon request; please contact It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the loans mentioned herein. MCF #1738996