M&A Deal Summary

Great Day Improvements Acquires ELM

On June 21, 2024, Great Day Improvements acquired building materials company ELM from Audax Private Equity

Acquisition Highlights
  • This is Great Day Improvements’ 9th transaction in the Building Materials sector.
  • This is Great Day Improvements’ 9th transaction in the United States.
  • This is Great Day Improvements’ 3rd transaction in New Jersey.

M&A Deal Summary

Date 2024-06-21
Target ELM
Sector Building Materials
Buyer(s) Great Day Improvements
Sellers(s) Audax Private Equity
Deal Type Add-on Acquisition

Target

ELM

East Brunswick, New Jersey, United States
ELM provides home and building solutions to consumers, contractors, distributors, and fabricators. ELM was formed in 1966 and is based in East Brunswick, New Jersey.

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Buyer(S) 1

Buyer

Great Day Improvements

Macedonia, Ohio, United States

Category Company
Founded 1966
Sector Building Materials
DESCRIPTION

Great Day Improvements is a vertically integrated, direct-to-consumer provider of branded premium home improvement products, including Patio Enclosures brand sunrooms and screen rooms; Stanek brand windows and patio doors; Apex Energy Solutions energy-efficient windows and doors; Hartshorn Custom Contracting pool enclosures and lanais. Great Day Improvements was founded in 1966 and is based in Macedonia, Ohio.


DEAL STATS #
Overall 9 of 9
Sector (Building Materials) 9 of 9
Type (Add-on Acquisition) 9 of 9
State (New Jersey) 3 of 3
Country (United States) 9 of 9
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-21 Englert

East Brunswick, New Jersey, United States

Englert is a direct-to-consumer specialty gutters business under the LeafGuard brand name and a manufacturer and distributor of metal roofing products. Englert is based in East Brunswick, New Jersey.

Buy -

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B 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 100 of 102
Sector (Building Materials) 3 of 3
Type (Add-on Acquisition) 34 of 35
State (New Jersey) 7 of 7
Country (United States) 95 of 97
Year (2024) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-21 Englert

East Brunswick, New Jersey, United States

Englert is a direct-to-consumer specialty gutters business under the LeafGuard brand name and a manufacturer and distributor of metal roofing products. Englert is based in East Brunswick, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-14 Chartis

Chicago, Illinois, United States

Chartis is a healthcare advisory firm that develops and activates transformative strategies, operating models, and organizational enterprises. The company helps providers, payers, technology innovators, retail companies, and investors create and embrace solutions that radically reshape healthcare for the better. Its family of brands includes Chartis, Jarrard, Greeley, and HealthScape Advisors. Chartis was founded in 2002 and is based in Chicago, Illinois.

Sell -