American Securities LLC said Oct. 6 that it closed its buy of Henry Company LLC. Financial terms weren’t announced. El Segundo, California-based Henry Company makes energy efficient building envelope solutions. Weil, Gotshal & Manges LLP served as legal counsel to American Securities, and Dechert LLP served as legal counsel to Henry. Moelis & Company acted as financial advisor to the Company.
NEW YORK, Oct. 6, 2016 /PRNewswire/ — American Securities LLC, a leading U.S. private equity firm, today announced the closing of its acquisition of Henry Company, LLC (“Henry” or the “Company”) in partnership with the Company’s management team. Henry is a leading North American manufacturer of energy efficient building envelope solutions. Financial terms of the transaction were not disclosed.
Henry’s building envelope solutions are critical for managing the flow of water, vapor, and air through the entire building envelope. Henry is headquartered in El Segundo, California, with offices and manufacturing facilities throughout the United States and Canada.
Frank Ready, President and Chief Executive Officer of Henry, commented, “Henry has a strong history of growth. We are excited about our new partnership with American Securities to continue investing in new product development and market expansion.”
“We are pleased to partner with Frank and the rest of the Henry management team to continue to enhance their leading position in the energy efficient building envelope solutions market,” said Scott M. Wolff, a Managing Director of American Securities. “The Company’s innovative product development, brand recognition, and long-standing customer relationships make Henry a strong fit for our investment strategy.”
Weil, Gotshal & Manges LLP served as legal counsel to American Securities, and Dechert LLP served as legal counsel to Henry with respect to the transaction. Moelis & Company acted as financial advisor to the Company with respect to the transaction.
About Henry Company
Henry Company LLC, headquartered in El Segundo, California, is a leading North American manufacturer and supplier of roofing and building envelope products and systems that are critical for managing the flow of water, vapor, and air through the entire building envelope. Henry’s extensive geographic footprint of 12 strategically located manufacturing facilities effectively serves the repair, remodel and new housing market in addition to the broader commercial market throughout the U.S. and Canada. Demand for Henry’s energy-efficient, green building products is driven by stricter building codes and consumer trends in energy conservation. The company’s strong focus on research and development has led to cutting-edge new material technologies and product introductions that improve a structure’s energy efficiency, sustainability, and livability, from foundation to roof.
About American Securities
Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $200 million of EBITDA. American Securities and its affiliates have approximately $15 billion under management.
SOURCE American Securities LLC