M&A Deal Summary

MI Windows and Doors Acquires Sunrise Windows & Doors

On December 22, 2020, MI Windows and Doors acquired building materials company Sunrise Windows & Doors from The Riverside Company and Barings Private Equity

Acquisition Highlights
  • This is MI Windows and Doors’ 2nd transaction in the Building Materials sector.
  • This is MI Windows and Doors’ 2nd transaction in the United States.
  • This is MI Windows and Doors’ 2nd transaction in Michigan.

M&A Deal Summary
Date 2020-12-22
Target Sunrise Windows & Doors
Sector Building Materials
Buyer(s) MI Windows and Doors
Sellers(s) The Riverside Company
Barings Private Equity
Deal Type Add-on Acquisition
Advisor(s) RSM EquiCo Capital Markets LLC (Financial)

Target

Sunrise Windows & Doors

Temperance, Michigan, United States
Sunrise Windows & Doors is a manufacturer and distributor of premium-priced, energy-efficient, custom replacement vinyl windows and patio doors, distributing its products through specialty window dealers, home improvement contractors, and building products distributors. Sunrise Windows & Doors was founded in 1994 and is based in Temperance, Michigan.

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Buyer(S) 1

Buyer

MI Windows and Doors

Gratz, Pennsylvania, United States
Category Company
Founded 1947
Sector Building Materials
DESCRIPTION

MI Windows and Doors LLC is a supplier of precision-built and energy-efficient vinyl and aluminum windows and sliding patio doors. The company offers a broad spectrum of products for both the new construction and replacement markets. MI was formed in 1947 and is based in Gratz, Pennsylvania.

DEAL STATS #
Overall 2 of 2
Sector (Building Materials) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Michigan) 2 of 2
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 Masco - Milgard Windows and Doors

Livonia, Michigan, United States

Masco Corp.'s Milgard Windows and Doors manufacturer of fenestration products, especially in the vinyl windows and patio doors product segments.

Buy $725M

Seller(S) 2

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 163 of 191
Sector (Building Materials) 7 of 8
Type (Add-on Acquisition) 69 of 82
State (Michigan) 4 of 6
Country (United States) 115 of 133
Year (2020) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 Clinical Education Alliance

Stamford, Connecticut, United States

Clinical Education Alliance is a provider of continuing education for the healthcare team by the ACCME, ANCC, and ACPE. Clinical Education Alliance was founded in 2004 and is based in Stamford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Area Wide Protective

North Canton, Ohio, United States

Area Wide Protective is a provider of professional traffic control design and execution services in support of utility infrastructure maintenance and construction activity. Area Wide Protective was founded in 1993 and is based in North Canton, Ohio.

Sell -
SELLER

Barings Private Equity

Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 5.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Barings Private Equity is the private equity arm of global asset management firm Barings. The Group looks to invest in mezzanine, distressed, and other private equity transactions including secondaries and funds. Sectors of interest include manufacturing, business services, distribution, consumer products, consumer services, food products, packaging, and healthcare. Barings Private Equity was originally established in 1991 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 35 of 37
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 21 of 23
State (Michigan) 2 of 2
Country (United States) 31 of 33
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-02 Fortovia Therapeutics

Raleigh, North Carolina, United States

Fortovia Therapeutics is a pharmaceutical company focused on oncology supportive care, with five marketed products in their portfolio. These products help patients manage the impact of their cancer as well as the side effects of their cancer therapies. Fortovia Therapeutics was founded in 2002 and is based in Raleigh, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 General Tools & Instruments

Secaucus, New Jersey, United States

General Tools & Instruments LLC is a designer and developer of precision specialty hand tools and handheld test instruments. The company offers a broad product portfolio of professional and consumer items used across multiple end markets, serving hobbyists and DIY enthusiasts as well as professionals. General Tools & Instruments was founded in 1922 and is based in Secaucus, New Jersey.

Sell $115M
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