Ox Engineered Products, a portfolio company of Wind Point Partners, has acquired HomeGuard Building Products Inc. Financial terms weren’t announced. HomeGuard, of Jacksonville, Florida, makes micro-perforated woven and non-woven polyolefin housewraps. Reed Smith LLP served as legal counsel, while BKD LLP provided transaction advisery services to Wind Point and Ox.
Chicago, IL, October 2, 2018 – Wind Point Partners is pleased to announce that portfolio company Ox Engineered Products (“Ox”), a leading specialty manufacturer of structural sheathing and thermal insulation building products, has acquired HomeGuard Building Products, Inc. (“HomeGuard”).
HomeGuard, founded in 2008 and headquartered in Jacksonville, FL, is a leading manufacturer of high-strength, micro-perforated woven and non-woven polyolefin housewraps. Used to protect the core of residential and commercial buildings, these housewraps serve as effective weather barriers and enhance the efficiency of heating and cooling insulation systems. HomeGuard also produces roofing underlayment and tapes and flashings products. The acquisition of HomeGuard accelerates Ox’s expansion into these adjacent categories, all supporting customers’ crucial need to protect the core of residential and commercial buildings.
Dave Ulmer, Ox CEO, commented, “We are excited to welcome the HomeGuard business and its employees to Ox Engineered Products. As an innovative, customer-focused business, HomeGuard is a natural fit with Ox. HomeGuard’s complementary product offering, in combination with Ox’s existing sheathing solutions, makes us a one-stop shop for high-performance, cost-effective building envelope products.”
The acquisition of HomeGuard continues Wind Point’s long history of partnering and working with founder-owned businesses and marks Ox’s first acquisition as the company seeks to expand its product portfolio.
Paul Peterson, Managing Director with Wind Point Partners, stated, “HomeGuard is a great strategic fit with Ox and aligns with our strategy of offering a complete building envelope product portfolio to our customers. Acquisitions are a core component of our investment strategy, and we will continue to look for opportunities to provide our customers with even more product solutions.”
Kevin Monday, President of HomeGuard, said, “We are delighted to join the Ox team with Dave Ulmer and Wind Point, and I am equally excited to remain deeply involved in the combined business. We plan to leverage Ox’s strong team to offer more solutions to our existing customers, broaden our customer base, and expand our geographic reach.”
Wind Point Partners acquired Ox in February of 2018 in partnership with industry veteran Dave Ulmer. In cooperation with Dave and management of Ox, Wind Point will seek to continue growing the Ox platform through a combination of organic growth and innovation, as well as additional complementary acquisitions.
Reed Smith LLP served as legal counsel and BKD, LLP provided transaction advisory services to Wind Point and Ox.
About Ox Engineered Products
Ox Engineered Products is a manufacturer of insulated and non-insulated structural sheathing. Ox also manufactures residential and commercial grade polyiso foam insulation. The Company is headquartered in Northville, Michigan and operates out of two production facilities in Constantine, Michigan and Charleston, Illinois.
About Wind Point Partners
Wind Point Partners is a Chicago-based private equity investment firm with approximately $2 billion in assets under management. Wind Point focuses on partnering with top caliber management teams to acquire well-positioned middle market businesses where it can establish a clear path to value creation. The firm targets investments in the consumer products, industrial products, and business services sectors. Wind Point is currently investing out of Wind Point Partners VIII, a $985 million fund that was initiated in 2016.
Additional information about Wind Point is available at www.windpointpartners.com
Take your pick!
- Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now.
- VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now.