JLL Partners Sells C.H.I. Overhead to Friedman Fleischer

Friedman Fleischer & Lowe said Wednesday that it has completed its buy of C.H.I. Overhead Doors. Terms of the deal weren’t disclosed.  JLL Partners acquired the Arthur, Ill. garage door maker in the in fall of 2004. News of the C.H.I. sale was reported by The Deal in July.

PRESS RELEASE

Friedman Fleischer & Lowe (FFL), a San Francisco-based private equity firm focused on U.S. middle-market companies, announced today that it has completed the acquisition of C.H.I. Overhead Doors, Inc. (CHI), a leading manufacturer and marketer of garage doors in North America. Terms of the transaction were not disclosed.

Headquartered in Arthur, Illinois, CHI manufactures overhead sectional garage door products for the residential and commercial markets, as well as rolling steel doors for the commercial and industrial segments. Founded in 1993, the Company has built a reputation for high quality products and best-in-class customer service while achieving steady, profitable growth. Today, CHI has more than 1,000 dealer/installer customers in North America.

“CHI is an extremely well-run business that has been able to continue growing through the economic downturn,” said Greg Long, Vice President of FFL. “FFL is enthusiastic to partner with CEO Jim Overholt and CHI’s senior management team to drive further growth and value creation.”

“We are very excited about this new investment from FFL,” said CHI’s Overholt. “The firm has a great track record, and their focus on working closely with management to identify expansion opportunities and make operational improvements gives CHI a significant competitive advantage.”

About C.H.I. Overhead Doors, Inc.:
CHI is a leading manufacturer and marketer of overhead garage doors in North America. The Company manufactures overhead sectional garage door products for the residential and commercial markets, as well as rolling steel doors for the commercial and industrial segments. CHI manufactures all of its products at its headquarters in Arthur, Illinois. For more information, visit www.chiohd.com.

About FFL
Friedman Fleischer & Lowe, LLC is a San Francisco-based private equity firm with approximately $2.5 billion under management that is focused on investing in U.S. middle-market companies. Formed in 1997, FFL’s strategy is to invest in market-leading companies that generate high returns on invested capital and that have strong, defensible competitive positions, attractive growth prospects and outstanding management. Representative investments include: Tempur-Pedic International, Milestone AV Technologies, Korn/Ferry International, and GeoVera Insurance Group. For more information on FFL, visit www.fflpartners.com.