M&A Deal Summary

Kohlberg & Company Acquires Senneca Holdings

On May 14, 2018, private equity firm Kohlberg & Company acquired building materials company Senneca Holdings from Audax Private Equity

Acquisition Highlights
  • This is Kohlberg & Company’s 3rd transaction in the Building Materials sector.
  • This is Kohlberg & Company’s 60th transaction in the United States.
  • This is Kohlberg & Company’s 3rd transaction in Ohio.

M&A Deal Summary

Date 2018-05-14
Target Senneca Holdings
Sector Building Materials
Buyer(s) Kohlberg & Company
Sellers(s) Audax Private Equity
Deal Type Secondary Buyout

Target

Senneca Holdings

West Chester, Ohio, United States
website
Senneca Holdings is a manufacturer and distributor of customized doors, including traffic, corrosion resistant, PVC, strip, cold storage, fire and sliding doors. Senneca offers superior design and engineering processes, and supports the development of green product innovations. Senneca Holdings’ family of brands includes Chase, Chem-Pruf, ColdGuard, Econo Max, Eliason, Fib-R-Dor, Saino, and Simon.

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Buyer(S) 1

Buyer

Kohlberg & Company

Mount Kisco, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kohlberg & Company is a private equity firm which acquires middle-market companies with consistent cash flow, and underperforming companies with operational deficiencies. Kohlberg looks to commit $100 to $500 million of equity capital in opportunities valued from $200 million to $2 billion. Kohlberg generally looks for opportunities in the manufacturing and service sectors, however the Firm will also selectively consider businesses in food and healthcare. Kohlberg tends not to consider technology or communications companies. Kohlberg & Company was formed in 1987 and has offices in Mt. Kisco, New York.


DEAL STATS #
Overall 61 of 79
Sector (Building Materials) 3 of 3
Type (Secondary Buyout) 18 of 32
State (Ohio) 3 of 5
Country (United States) 60 of 77
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-18 Cadence

Staunton, Virginia, United States

Cadence is a supplier of advanced products, technologies and services to medical device and specialty industrial companies worldwide. Cadence develops solutions-oriented relationships with customers and provides highly technical solutions that enable improved product performance in clearly measurable ways. Cadence is headquartered in Staunton, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Sara Lee Frozen Bakery

Oakbrook Terrace, Illinois, United States

Sara Lee Frozen Bakery is a maker of frozen bakery and dessert products. Sara Lee Frozen Bakery premier brands include Sara Lee®, Van’s™, Chef Pierre®, and Bistro® Collection. Each day, Sara Lee Frozen Bakery pursues its Vision of becoming the world’s most beloved bakery by creating irresistible foods, growing with our customers, and delivering value for all. Sara Lee Frozen Bakery was founded in 2018 and is based in Oakbrook Terrace, Illinois.

Buy -

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 61 of 97
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 31 of 53
State (Ohio) 2 of 6
Country (United States) 59 of 92
Year (2018) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-10 Wheel Pros

Lakewood, Colorado, United States

Wheel Pros is a designer, marketer, and distributor of branded automotive aftermarket wheels, performance tires, and accessories. Wheel Pros was founded in 1995 and is based in Lakewood, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-17 HALO

Sterling, Illinois, United States

HALO is a marketing services platform that distributes promotional products and provides employee recognition services. HALO was founded in 1952 and is headquartered in Sterling, Illinois.

Sell -