M&A Deal Summary

Novik Acquires Tando

On June 2, 2016, Novik acquired building materials company Tando from Graham Partners

Acquisition Highlights
  • This is Novik’s 1st transaction in the Building Materials sector.
  • This is Novik’s 1st transaction in the United States.
  • This is Novik’s 1st transaction in Florida.

M&A Deal Summary

Date 2016-06-02
Target Tando
Sector Building Materials
Buyer(s) Novik
Sellers(s) Graham Partners
Deal Type Add-on Acquisition

Target

Tando

Miami, Florida, United States
Tando is a manufacturer of molded polypropylene siding ("MPS") products. Tando's products replicate the aesthetics of natural siding alternatives such as cedar shingles, brick, or stone through a plastic injection molding process.

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Buyer(S) 1

Buyer

Novik

St-Augustin-de-Desmaures, Quebec, Canada

Category Company
Founded 1998
Sector Building Materials
DESCRIPTION

Novik is a designer, manufacturer, and distributor of innovative polymer exterior siding, roofing coverings, and accessories that replace traditional materials. Novik has a dominant position in its niche in the Canadian market and a rapidly growing presence in the United States market. Novik was founded in 1998 and is based in St-Augustin-de-Desmaures, Quebec.


DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

Graham Partners

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor


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

Graham Partners is a private equity that targets middle market industrial and manufacturing companies. The Firm seeks to invest in businesses based in the US and also consider investments in Canada and Western Europe. Graham Partners focuses on strong growth potential companies with high return on invested capital, led by experienced management teams in revenues between $30 - $500 million and EBITDA between $10 million and $50 million. The firm typically invests between $10 million and $100 million in equity and the balance via debt and can invest higher than $100 million through co-investments. Broad areas of interest include building products, water management, medical products, consumer products, packaged food & beverage, packaging, aerospace/defense, agriculture, capital equipment, energy related products, home and outdoor, sports and leisure, and transportation services. Prospective transaction types include MBOs, recapitalization and growth capital financing. Graham Partners is an affiliate of The Graham Group was formed in 1988 and is based in Newton Square, Pennsylvania.


DEAL STATS #
Overall 18 of 37
Sector (Building Materials) 3 of 5
Type (Add-on Acquisition) 7 of 14
State (Florida) 2 of 2
Country (United States) 16 of 34
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-28 BrightPet

Lisbon, Ohio, United States

BrightPet manufactures premium and super-premium pet foods and international markets. BrightPet's top-of-the-line ingredient options and state-of-the-art American manufacturing operations ensure the quality of every recipe we produce. BrightPet was founded in 2016 and is based in Lisbon, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-06 Henry

El Segundo, California, United States

Henry is a manufacturer of roofing and roof maintenance products. Henry also manufactures complete lines of driveways coatings, commercial specialty products, and building envelope systems. Henry professionals offer designers, contractors, and building owners a combination of technical experience and a commitment to provide quality products. Henry was founded in 1981 and is based in El Segundo, California.

Sell -