M&A Deal Summary

Trimlite Acquires Codel Entry Systems

On September 13, 2017, Trimlite acquired building materials company Codel Entry Systems from Prospect Partners

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

M&A Deal Summary
Date 2017-09-13
Target Codel Entry Systems
Sector Building Materials
Buyer(s) Trimlite
Sellers(s) Prospect Partners
Deal Type Add-on Acquisition

Target

Codel Entry Systems

Tacoma, Washington, United States
Codel Entry Systems, Inc. is a fabricator, assembler, marketer and distributor of pre-hung steel and fiberglas entry door systems and related accessories for residential homes. Company which specializes in custom and pre-hung steel and fiberglass doors, has become a regional leader in residential entry door systems in the new construction and remodeling market segments. Codel's customers include door shops, home improvement retailers, and lumber yards, which in turn service builders, contractors, and developers.

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Buyer(S) 1

Buyer

Trimlite

Renton, Washington, United States
Category Company
Founded 1982
Sector Building Materials
DESCRIPTION

Trimlite is a manufacturer of decorative glass inserts for steel door fabricators. Trimlite products include stile and rail doors, fiberglass doors, decorative glass, and other home building products. Trimlite was founded in 1982 and is based in Renton, Washington.

DEAL STATS #
Overall 1 of 3
Sector (Building Materials) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Washington) 1 of 1
Country (United States) 1 of 3
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-12 BHI

Tampa, Florida, United States

BHI is a distributor of building products in Florida. The Company supplies prehung doors, exterior door slabs, door glass and door components to local door dealers and distributors. BHI was formed in 1954 and is based in Tampa, Florida.

Buy -

Seller(S) 1

SELLER

Prospect Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 470M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prospect Partners, LLC is a lower middle-market private equity firm that focuses on management buyouts and recapitalization of small companies. Prospect looks to invest $2 to $30 million of equity capital in companies with revenues of $15 to $100 million and EBITDA up to $10 million. The Firm targets opportunities in a variety of sectors spanning many sub-sectors of manufacturing, specialty distribution, and service. Transactions of interest include leverage recapitalizations, industry consolidations, corporate orphans, generational sales, under-managed companies, and backing independent equity sponsors. Prospect Partners was formed in 1998 and is based in Chicago, Illinois.

DEAL STATS #
Overall 26 of 37
Sector (Building Materials) 2 of 2
Type (Add-on Acquisition) 3 of 6
State (Washington) 2 of 2
Country (United States) 26 of 37
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 Summit Companies

Mendota Heights, Minnesota, United States

Summit Companies is a provider of fire and life safety service and installation company. Summit's end-to-end capabilities include inspection, testing and monitoring, service and repair, installation, and consulting services for fire protection, life safety, and security systems. Summit Companies was established in 1999 and is based in Mendota Heights, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-01 Knight Packaging Group

Chicago, Illinois, United States

Knight Packaging Group, Inc. is a designer and manufacturer of custom-printed folding cartons and other specialty carded packaging for North American customers primarily in the food, confectionery, consumer products, pharmaceutical products, personal care, nutritional, and hardware industries. Knight Packaging Group was established in 1950 and is based in Chicago, Illinois.

Sell -
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