#United States #Canton #Northborne Partners #Harrison Paint #Bonner Family

Harrison Paint Company Takes a New Path After Local Sale

In a significant move within the specialty coatings industry, Harrison Paint Company has transitioned ownership to a local investor group led by the Bonner family, with the transaction facilitated by Northborne Partners. This change marks a new chapter for a company with over a century of history, strategically aligning itself under local stewardship to continue its legacy and growth within the Canton, Ohio community.

The Transaction Overview

On December 17, 2025, Northborne Partners announced its role as the exclusive financial advisor for Harrison Paint Company in this important sale. While the financial details of the transaction remain undisclosed, the sale represents a key milestone, ensuring that the brand's heritage and commitment to quality remain intact. Founded in 1911, Harrison has built a reputable name in the specialty coatings landscape, known for providing reliable and high-quality products tailored for varied markets including retail, wholesale, and industrial sectors.

Mat Marcussen, a Director at Northborne, expressed pride in the partnership with Harrison's team, specifically commending Pat Lauber, the President of Harrison. Marcussen stated, “We are honored to have participated in this significant milestone and are pleased to have found a buyer that shares the same ethos for the employees, customers, and the community.” The sentiment highlights the importance of maintaining community-driven values amid strategic business changes.

Harrison's Legacy and Future Outlook

Harrison Paint Company has established itself as a leading provider of specialty coatings, leveraging a high-touch business model that focuses on customized formulations, available in both water and solvent-based types. This model has enabled Harrison to cater to a diverse clientele, ensuring that it remains competitive in a market where specialty coatings are in growing demand.

Pat Lauber echoed the positive sentiment regarding the sale, remarking on the critical role that Northborne played throughout the process. He acknowledged their deep expertise in the specialty coatings sector and credited them for providing invaluable insight and support during the transaction. “Their dedication made a real difference and was essential in helping us achieve this outcome,” he noted.

The buyer, Beau Bonner, expressed enthusiasm for what lies ahead, stating, “We look forward to building on the Harrison legacy,” emphasizing a commitment to both the employees and the local community. This focuses on creating a more robust framework of support and development for the company, matched with the Bonner family's anticipation for future growth.

Industry Implications

The sale occurs at a time when interest in specialty coatings remains high among both strategic and financial investors. With Northborne’s successful execution of three transactions within this sector, it underscores a continuing trend where companies in specialized markets attract significant investment engagement, reflecting broader economic conditions and consumer demand for high-quality products.

Legal Support and Conclusion

Legal counsel for Harrison was provided by Krugliak, Wilkins, Griffiths & Dougherty, while the investor group was supported by Vorys, Sater, Seymour and Pease. These partnerships played a vital role in ensuring the smooth transition and execution of the sale agreement.

As Harrison Paint Company embarks on this new journey with the Bonner family, the local community can anticipate not only the continuation of a historic brand but also potential innovations and expansions that could arise under its new ownership. Their approach to specialty coatings positions them well within the market, promising to uphold the company's revered tradition while pioneering a new era of growth.