M&A Deal Summary

Cornerstone Building Acquires Cascade Windows

On August 2, 2021, Cornerstone Building acquired building materials company Cascade Windows from CenterOak Partners for 245M USD

Acquisition Highlights
  • This is Cornerstone Building’s 7th transaction in the Building Materials sector.
  • This is Cornerstone Building’s 2nd largest (disclosed) transaction.
  • This is Cornerstone Building’s 8th transaction in the United States.
  • This is Cornerstone Building’s 2nd transaction in Washington.

M&A Deal Summary
Date 2021-08-02
Target Cascade Windows
Sector Building Materials
Buyer(s) Cornerstone Building
Sellers(s) CenterOak Partners
Deal Type Add-on Acquisition
Deal Value 245M USD

Target

Cascade Windows

Spokane Valley, Washington, United States
website
Cascade Windows is a manufacturer of vinyl windows and doors serving the Western U.S. new and retrofit single and multi-family housing market. Cascade Windows operates six strategically located manufacturing facilities throughout the Western United States. Cascade Windows goes to market through an extensive network of dealers, builders, and distributors in its markets. Cascade Windows was founded in 1989 and is based in Spokane Valley, Washington.

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Buyer(S) 1

Buyer

Cornerstone Building

Cary, North Carolina, United States

website

Category Company
Founded 1984
Sector Building Materials
Employees20,500
Revenue 4.6B USD (2020)
DESCRIPTION

Cornerstone Building is an integrated manufacturer of metal products for the nonresidential building industry. Cornerstone Building was formed in 1984 and is based in Cary, North Carolina.

DEAL STATS #
Overall 8 of 11
Sector (Building Materials) 7 of 10
Type (Add-on Acquisition) 7 of 10
State (Washington) 2 of 2
Country (United States) 8 of 10
Year (2021) 2 of 3
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 DBCI

Douglasville, Georgia, United States

DBCI is a manufacturer of roll-up sheet doors and related products for both the commercial and self-storage markets. With field technicians and manufacturing and sales offices located across the United States, DBCI quickly and efficiently delivers superior products and services to its customers. DBCI is based in Douglasville, Georgia.

Sell $168M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Union Corrugating

Fayetteville, North Carolina, United States

Union Corrugating is a manufacturer of metal roofing systems and roofing components for use in residential, commercial, and post-frame/agricultural applications. Union Corrugating was founded in 1946 and is based in Fayetteville, North Carolina.

Buy -

Seller(S) 1

SELLER

CenterOak Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2014
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CenterOak Partners is a private equity firm focused on making control-oriented investments in middle-market companies operating in the industrial, consumer, and business services sectors. The Firm will consider opportunities throughout the US and targets companies valued between $50 to $500 million. Prospective transaction situations include buyouts, recapitalizations, consolidations, and non-core divestitures. CenterOak Partners was formed in 2014 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 4 of 8
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Washington) 1 of 1
Country (United States) 4 of 8
Year (2021) 2 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 HK Solutions Group

Des Moines, Iowa, United States

HK Solutions Group provides water and wastewater infrastructure inspection, cleaning, and repair services, as well as industrial services and wastewater treatment, to customers predominantly in Midwestern states. HK Solutions Group is based in Des Moines, lowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-27 Vivify

Glendale Heights, Illinois, United States

Vivify is a supplier of specialty colorants and functional ingredients to customers across multiple consumer and industrial end markets. Through diverse sourcing capabilities, advanced lab expertise, and a technical, high-touch salesforce, Vivify delivers customer-specific solutions focused on product performance and customized applications. Vivify was founded in 1978 and is based in Glendale Heights, Illinois.

Sell -
Mergr

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