M&A Deal Summary

KKR Acquires C.H.I. Overhead Doors

On June 23, 2015, private equity firm KKR acquired building materials company C.H.I. Overhead Doors from FFL Partners, The Carlyle Group and Arrowhead Investment Management for 600M USD

Acquisition Highlights
  • This is KKR’s 6th transaction in the Building Materials sector.
  • This is KKR’s 92nd largest (disclosed) transaction.
  • This is KKR’s 75th transaction in the United States.
  • This is KKR’s 2nd transaction in Illinois.
Investment Fate
  • C.H.I. Overhead Doors was sold to a publicly-traded strategic buyer in 2022 for 3.0B USD.

M&A Deal Summary

Date 2015-06-23
Target C.H.I. Overhead Doors
Sector Building Materials
Buyer(s) KKR
Sellers(s) FFL Partners
The Carlyle Group
Arrowhead Investment Management
Deal Type Secondary Buyout
Deal Value 600M USD
Advisor(s) Barclays Investment Bank (Financial)
Willkie Farr & Gallagher (Legal)

Target

C.H.I. Overhead Doors

Arthur, Illinois, United States
C.H.I. Overhead Doors' headquarters in Arthur, Illinois.
C.H.I. Overhead Doors' headquarters in Arthur, Illinois.
C.H.I. Overhead Doors is a manufacturer and marketer of overhead garage doors in North America. The Company manufactures a complete portfolio of overhead sectional garage door products for both the residential and commercial markets, as well as rolling steel doors for commercial and industrial applications. C.H.I. Overhead Doors was founded in 1981 and is based in Arthur, Illinois.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 179 of 500
Sector: Building Materials M&A 6 of 8
Type: Secondary Buyout M&A Deals 35 of 113
State: Illinois M&A 2 of 7
Country: United States M&A 75 of 212
Year: 2015 M&A 14 of 29
Size (of disclosed) 92 of 108
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-23 Alliant Insurance Services

Irvine, California, United States

Alliant Insurance Services is a retail insurance broker providing property and casualty insurance and employee benefits products to over 15,000 commercial middle market clients nationwide. Alliant Insurance Services was founded in 1925 and is based in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-13 FanDuel

New York, New York, United States

FanDuel, Inc. operates an online fantasy sports platform that enables users to play fantasy games and win cash prizes.

Buy -

Seller(S) 3

SELLER

FFL Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

FFL Partners (formerly known as Friedman Fleischer & Lowe) is a private equity group focused on majority and minority investments in North American middle-market companies. Prospective businesses generally have revenues of $30 to $400 million and are valued between $50 and $300 million. Target situations include ownership restructurings in closely-held and family-owned companies, management buyouts, PIPEs, growth equity fundings, take privates, special situations, and recapitalizations. Sectors of interest include outsourced business services, education and training, marketing and media, consumer products, healthcare, and financial services. FFL Partners was formed in 1997 and is based in San Francisco, California.


DEAL STATS #
Overall 13 of 32
Sector: Building Materials M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 13
State: Illinois M&A 1 of 2
Country: United States M&A 12 of 30
Year: 2015 M&A 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 EyeCare Partners

Saint Louis, Missouri, United States

EyeCare Partners is a vertically integrated medical vision services provider in the US. The company offers patients end-to-end services covering medical optometry, ophthalmology and sub-specialties, and vision correction products. EyeCare Partners was founded in 2015 and is based in Saint Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Interactive Health Solutions

Schaumburg, Illinois, United States

Interactive Health Solutions (IHS) is a provider of comprehensive corporate health management and preventive wellness programs. Its services and tools use biometric data and a health risk assessment to evaluate employees’ personal health levels and develop customized programs with specific improvement goals for individual employees. Interactive Health Solutions was founded in 1992 and is based in Schaumburg, Illinois.

Buy -
SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 276 of 488
Sector: Building Materials M&A 7 of 9
Type: Secondary Buyout M&A Deals 53 of 118
State: Illinois M&A 10 of 14
Country: United States M&A 170 of 261
Year: 2015 M&A 9 of 24
Size (of disclosed) 58 of 137
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-15 Talent Partners

Chicago, Illinois, United States

Talent Partners, Inc. provider of business affairs solutions for advertisers and agencies, including the management of talent contracts and payment and the handling of rights and royalties for commercials across TV and digital video advertising.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-29 JIC Leasing

Beijing, China

JIC Leasing is a financial leasing company in China. JIC Leasing targets three core verticals for its leasing portfolio: (1) information technology, (2) advanced equipment manufacturing, and (3) healthcare, environment and alternative energy. JIC Leasing was founded in 1989 and is based in Beijing, China.

Buy -
SELLER

Arrowhead Investment Management

Greenwich, Connecticut, United States

Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1996
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Arrowhead Investment Management is a provider of subordinated debt, preferred stock and non-control common equity to mid-sized businesses. Arrowhead invests alongside private equity sponsors in acquisitions, buyouts, recapitalizations and growth capital transactions. Arrowhead is a generalist investor, however the Firm tends to focus on healthcare, packaging, chemicals, consumer products, industrial manufacturing, value-added distribution and business services. Arrowhead looks to commit $10 to $100 million in transactions valued up to $500 million. Arrowhead Investment Management was formed in 1996 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 20 of 24
Sector: Building Materials M&A 1 of 1
Type: Secondary Buyout M&A Deals 11 of 14
State: Illinois M&A 2 of 2
Country: United States M&A 20 of 24
Year: 2015 M&A 1 of 2
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-08 Multi Packaging Solutions

New York, New York, United States

Multi Packaging Solutions, Inc. is a global provider of value-added packaging solutions to a diverse customer base across the healthcare, consumer and multi-media markets. MPS provides its customers with an extensive array of print-based specialty packaging solutions, including premium folding cartons, inserts, labels and rigid packaging across a variety of substrates and finishes. MPS has 59 manufacturing locations across North America, Europe and Asia and employs approximately 8,800 people.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-25 Quest Specialty Chemicals

Charleston, South Carolina, United States

Quest Specialty Chemicals is a specialty chemicals and coatings business. QSC is engaged in the formulation, manufacturing, and marketing of coatings designed to repair, restore, and preserve the assets of our customers. Quest Specialty Chemicals is based in Charleston, South Carolina.

Sell -