Palo Duro Capital

Partner Matthew Golden leads investment decisions. He developed his sector focus over seven years at Hunt Investment Group — Ray L. Hunt’s family office platform — and later at publicly-traded Capital Southwest and its industrial spin-off CSW Industrials. The firm’s operating partners, including Randall Katz, participate at the board level to set strategic direction.

Sourcing runs through Golden’s personal network in Texas industrial manufacturing and the dedicated origination work of Operating Partner Randall Katz. Katz founded RK Capital Partners specifically to generate off-market deal flow for lower middle-market private equity firms, and his pipeline feeds directly into Palo Duro’s acquisition funnel.

The firm targets lower middle-market manufacturing companies — typically founder-owned or family businesses that have not previously taken institutional capital. It executes buyouts, management buy-ins, management buyouts, recapitalizations, and corporate carve-outs or spin-offs.

Palo Duro concentrates on three manufacturing verticals: specialty chemicals, industrial products, and commercial building products. Its disclosed portfolio companies — Eagle Polymers (polyurethane foams) and HTS Chemical (concrete-flooring chemicals and equipment) — both sit inside the specialty chemicals and building-products overlap.

All publicly available information indicates the firm executes direct control investments, not fund commitments. The strategy is built around acquiring majority positions in operating companies and supplementing organic growth with add-on acquisitions sourced and executed by the firm’s own team.