Headquartered in Menomonee Falls, Wisconsin, Quest is a specialty chemical coatings manufacturer operating under the Matrix Systems, RAABE, Foxcolor, Zolatone, Hydro-Stop, and United Coatings brand names.
Quest formulates and manufactures paint for automotive and touch-up applications, and high-performance coatings for architectural, industrial, and roofing applications.
Audax Group co-CEO Geoffrey Rehnert said Quest is a diversified specialty chemical manufacturer with a leading position as a scale player within its niches.
"In conjunction with Moelis Capital Partners, we look forward to working with Fred Quinn, Gerry Loftus, and the rest of the management team to continue to build the company through sales force investment, penetrating new end markets, and strategic add-on acquisitions," Rehnert said.
Moelis & Company acted as advisors to the buyers.
UBS Investment Bank advised Quest; Honigman, Miller, Schwartz & Cohn served as counsel to Quest.
Kirkland & Ellis served as counsel to Audax Group and Parr Brown Gee & Loveless served as counsel to Moelis Capital Partners.
