M&A Deal Summary

Harvey Building Products Acquires Thermo-Tech Windows and Doors

On March 19, 2018, Harvey Building Products acquired building materials company Thermo-Tech Windows and Doors from ORIX Private Equity Solutions and Bounds Equity Partners

Acquisition Highlights
  • This is Harvey Building Products’ 2nd transaction in the Building Materials sector.
  • This is Harvey Building Products’ 2nd transaction in the United States.
  • This is Harvey Building Products’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2018-03-19
Target Thermo-Tech Windows and Doors
Sector Building Materials
Buyer(s) Harvey Building Products
Sellers(s) ORIX Private Equity Solutions
Bounds Equity Partners
Deal Type Add-on Acquisition

Target

Thermo-Tech Windows and Doors

Sauk Rapids, Minnesota, United States
Thermo-Tech Windows and Doors LLC is a manufacturer of vinyl clad windows and patio doors for residential housing and multi-family apartments. Thermo-Tech Windows and Doors was founded in 1993 and is based in Sauk Rapids, Minnesota.

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Buyer(S) 1

Buyer

Harvey Building Products

Waltham, Massachusetts, United States
Category Company
Founded 1961
Sector Building Materials
DESCRIPTION

Harvey Building Products manufactures windows and doors under the Harvey brand name and also distributes siding, roofing and other building products. Harvey Building Products was founded in 1961 and is based in Waltham, Massachusetts.

DEAL STATS #
Overall 2 of 2
Sector (Building Materials) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 Soft-Lite

Streetsboro, Ohio, United States

Soft-Lite LLC is a vinyl replacement window manufacturer. Soft-Lite LLC was established in 1996 and is headquartered in Streetsboro, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-16 Harvey Building Products - Distribution Business

Waltham, Massachusetts, United States

Harvey Building Products' Distribution Business is a building products distributor.

Sell -

Seller(S) 2

SELLER

ORIX Private Equity Solutions

Investor

Category Mezzanine Finance Firm
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ORIX Mezzanine & Private Equity is the direct investment arm of asset manager ORIX. ORIX Mezzanine & Private Equity looks to invest $10 to $20 million to support buyouts, acquisitions, growth capital needs, and sponsored led transactions of profitable (greater than $5 million of EBITDA) companies throughout North America. ORIX will consider a variety of investment structures, including subordinated and convertible debt to common, preferred and convertible preferred equity. ORIX Mezzanine & Private Equity is headquartered in Dallas, Texas.

DEAL STATS #
Overall 3 of 21
Sector (Building Materials) 1 of 2
Type (Add-on Acquisition) 2 of 12
State (Minnesota) 1 of 2
Country (United States) 2 of 19
Year (2018) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-08 Practice Fusion

San Francisco, California, United States

Practice Fusion, Inc. is a provider of cloud based electronic health record (EHR) platform for doctors and patients in the U.S. Practice Fusion serves more than 30,000 practices across 50 states through its cloud-based EHR platform. Practice Fusion, Inc. was established in 2005 and is based in San Francisco, California.

Sell $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-18 Voicebox Technologies

Bellevue, Washington, United States

Voicebox Technologies is a provider of natural language understanding (“NLU”), conversational AI and automated speech recognition (“ASR”) software, used across connected auto, mobile phone and IoT platforms. Voicebox Technologies was founded in 2001 and is headquartered in Bellevue, Washington.

Sell -
SELLER

Bounds Equity Partners

Highland Park, Illinois, United States
Category Private Equity Firm
Founded 1988
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Bounds Equity Partners LLC (BEP) is a private equity firm focused on smaller company investments (business with $1 million+ of EBITDA). The Firm targets growth companies with market/industry segment leadership, defensible market positions, and operating profit margin of at least 10 percent. BEP looks to invest at least $1 million per transaction and prefers situations where entrepreneurs are seeking liquidity. Target sectors include building materials and services, business services, healthcare products and services, niche distribution and specialty manufacturing. Bounds Equity Partners LLC was formed in 2009 and is based in Highland Park, Illinois.

DEAL STATS #
Overall 5 of 7
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Minnesota) 2 of 2
Country (United States) 5 of 7
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-24 Beacon Promotions

New Ulm, Minnesota, United States

Beacon Promotions is a promotional products supplier company. Beacon offers a wide selection of products, such as: calendars, table covers, drinkware, bags, housewares, tools, auto accessories, writing instruments, and over 51 Name Brand product lines for executive gifts and incentives. Beacon Promotions was founded in 2003 and is based in New Ulm, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-05 EastPoint Sports

Succasunna, New Jersey, United States

EastPoint Sports designs, sources, and distributes indoor and outdoor home recreational products through mass retail and e-commerce channels. The EastPoint Sports family of brands includes Go! Gater, Majik, Rec-Tek, Classic Sport, Narwhal, NHL, HEAD, PENN, Kan Jam, and Pro-Line Tailgating. EastPoint Sports was founded in 2009 and is based in Succasunna, New Jersey.

Buy -
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