Add-on Acquisition • Building Materials

Nucor Acquires C.H.I. Overhead Doors

On May 16, 2022, Nucor acquired building materials company C.H.I. Overhead Doors from KKR for 3.0B USD

Acquisition Context
  • This is Nucor’s 6th transaction in the Building Materials sector.
  • This is Nucor’s largest (disclosed) transaction.
  • This is Nucor’s 28th transaction in the United States.
  • This is Nucor’s 2nd transaction in Illinois.

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M&A Deal Summary

Date May 16, 2022
Target C.H.I. Overhead Doors
Sector Building Materials
Buyer(s) Nucor
Sellers(s) KKR
Deal Type Add-on Acquisition
Deal Value 3.0B USD

Target Company

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 Overview 1

Buyer

Nucor

Charlotte, North Carolina, United States

Category Company
Founded 1905
Sector Metals/Mining
Employees32,700
Revenue 30.7B USD (2024)
DESCRIPTION
Nucor's corporate headquarters in Charlotte, North Carolina.
Nucor's corporate headquarters in Charlotte, North Carolina.

Nucor is a manufacturer of steel products. Products produced include carbon and alloy steel – in bars, beams, sheet and plate; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating and expanded metal; and wire and wire mesh. Nucor was formed in 1905 and is based in Charlotte, North Carolina.


Deal Context for Buyer #
Overall 31 of 35
Sector: Building Materials 6 of 7
Type: Add-on Acquisition 22 of 26
State: Illinois 2 of 2
Country: United States 28 of 32
Year: 2022 3 of 5
Size (of disclosed) 1 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 NuScale Power

Portland, Oregon, United States

NuScale Power is a nuclear plant, a smaller, scalable version of pressurized water reactor technology, designed with natural safety features. NuScale Power was founded in 2007 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 Summit Utility Structures

West Hazleton, Pennsylvania, United States

Summit Utility Structures is a premier provider of tapered tubular steel transmission poles on the East coast. Summit Utility Structures manufactures all varieties of tapered tubular and standard shape structures. From structures as large as multi-bay A-Frames, lightning masts, and backbone structures to as small as low bus supports. Summit Utility Structures was founded in 2014 and is based in West Hazleton, Pennsylvania.

Buy -

Seller Profile 1

SELLER

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 Context for Seller #
Overall 178 of 215
Sector: Building Materials 8 of 8
Type: Add-on Acquisition 61 of 69
State: Illinois 2 of 3
Country: United States 77 of 94
Year: 2022 6 of 12
Size (of disclosed) 14 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 Cordia Energy

Phoenix, Arizona, United States

Cordia Energy consists of thermal infrastructure assets that provide steam, hot water, and/or chilled water, and in some instances electricity, to commercial businesses, universities, hospitals, and governmental customers across the United States. Cordia Energy is based in Phoenix, Arizona.

Buy $1.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-17 ContourGlobal

London, United Kingdom

ContourGlobal is a power generation business, that operates 138 thermal and renewable power plants across Europe, Latin America, North America, and Africa. ContourGlobal was founded in 2005 and is based in London, England.

Buy $2.2B