Industrial Opportunity Partners said April 14 it has invested in Moulure Alexandria Moulding Inc through a recapitalization. Financial terms weren’t announced. Alexandria, Ontario-based Alexandria makes and distributes wood mouldings and related millwork products for the Canadian and Northern U.S. residential housing markets. Osprey Capital Partners represented the shareholders of Alexandria. Wells Fargo and Scotiabank provided financing while McDermott, Will & Emery were their attorneys.
PRESS RELEASE
Evanston, Ill., April 14, 2016 – Industrial Opportunity Partners (“IOP”), an operations-focused private
equity firm based in Evanston, Ill., today announced that it has partnered with the management team of
Moulure Alexandria Moulding Inc. (“Alexandria” or the “Company”) in an investment to support a
recapitalization of the business.
Alexandria is a manufacturer and distributor of wood mouldings and related millwork products for the
Canadian and Northern U.S. residential housing markets. The Company sells directly to retailers as well
as wholesale building product distributors and industrial customers. The Company is headquartered in
Alexandria, Ontario, Canada and has a manufacturing and distribution facility in Alexandria along with a
hardwood manufacturing operation in Bradford, Ontario that serve Eastern Canada. The Company also
has a manufacturing and distribution facility in Moxee, Wash. that serves Western Canada and the
Northwest U.S. as well as two other distribution facilities in Wilkes Barre, Pa. and La Porte, Ind. that
serve the Northeast and Midwest regions of the U.S.
IOP is partnering in its investment with Andre Cholette, President & CEO, and the rest of the Alexandria
management team, all of whom will have ownership interests and remain in their current management
roles to continue to grow the business. In addition, Dave Mackin, an IOP Operating Principal, will
assume the position of Chairman. Mr. Mackin is a member of IOP’s Board of Operating Principals which
is comprised of seasoned executives who provide leadership to the businesses in which IOP invests.
Ken Tallering, Senior Managing Director of IOP, stated, “We are excited to partner with the Alexandria
team. We believe that Alexandria is a growing business with an excellent reputation for quality and
customer service and strong relationships with both customers and suppliers.”
Mr. Mackin added, “Under Andre Cholette’s leadership, Alexandria has been keenly focused on customer
needs. We believe this focus on quality and customer service has helped the company to grow with both
new and existing customers. I look forward to working closely with Andre and the rest of the Alexandria
management team to grow the Company by building upon Alexandria’s outstanding reputation.”
Mr. Cholette commented, “The management team and I are excited to partner with IOP. IOP brings both
capital and experience which I believe will allow the Company to continue to grow and capitalize on
opportunities.”
Alexandria represents IOP’s ninth platform investment for Industrial Opportunity Partners II, L.P.
Osprey Capital Partners represented the shareholders of Alexandria. Wells Fargo and Scotiabank
provided financing, and McDermott, Will & Emery provided legal representation to IOP in the
transaction.
About Alexandria Moulding
Alexandria is a manufacturer and distributor of wood mouldings and related millwork products for the
Canadian and Northern U.S. residential housing markets. The Company sells directly to retailers as well
as wholesale building product distributors and industrial customers. The Company is headquartered in
Alexandria, Ontario, Canada and has a manufacturing and distribution facility in Alexandria along with a
hardwood manufacturing operation in Bradford, Ontario that serve Eastern Canada. The Company also
has a manufacturing and distribution facility in Moxee, Wash. that serves Western Canada and the
Northwest U.S. as well as two other distribution facilities in Wilkes Barre, Pa. and La Porte, Ind. that
serve the Northeast and Midwest regions of the U.S. For more information, visit Alexandria’s website at
www.alexmo.com.
About Industrial Opportunity Partners
IOP, an Evanston, Ill.-based private equity firm with $460 million of committed capital since inception, is
dedicated to creating value through investing in manufacturing and value-added distribution businesses
with sales between $30 million and $350 million. IOP focuses on businesses with strong product,
customer, and market positions, and provides management and operational resources to support sales and
earnings growth at its businesses. For more information, visit IOP’s website at www.iopfund.com.
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