Best Vinyl Inc., am American Fork, Utah–based portfolio company of Marwit Capital, has acquired R&L Fence & Deck LLC, a Layton, Utah-based fabricator and installer of vinyl fence and related products in the Mountain West region. No financial terms were disclosed.
Best Vinyl, Inc. a portfolio company of Marwit Capital Partners II, L.P. (“MCP II”), announced today that it has completed the acquisition of R & L Fence & Deck LLC (“R&L). R&L is located north of Salt Lake City, in Layton, Utah, and is one of the largest fabricators and installers of vinyl fence and related products in the Mountain West. Terms of the transaction were not disclosed.
Based just south of Salt Lake City in American Fork, Utah, Best Vinyl is the largest independently owned installer and wholesaler of vinyl fence and related vinyl products such as patio covers, decking, porch and railing in the Western U.S. The Company currently operates locations in Utah, Hawaii and California, as well as one of the industry’s leading web based vinyl fence businesses (www.DIYvinylproducts.com) which distributes products nationwide. Best Vinyl’s products and services are supplied to diverse markets including residential, commercial, military/government and wholesale distribution customers throughout the Western U.S. Since inception, Best Vinyl has remained one of the fastest growing companies in the Mountain West region.
Scott Petersen, CEO of Best Vinyl stated, “We’ve competed with R&L for many years in Northern Utah and have great respect for the business built by founders Richard, Loraine and Bryan Bourne. We look forward to leveraging best practices, recognizing operational synergies and taking advantage of our market dominant position in and around Utah.”
Chris Britt, Managing Partner at Marwit Capital commented, “In the midst of a difficult market environment, we believe it is an opportune time to build on Best Vinyl’s market leading position by expanding its geographical footprint and taking advantage of accretive integration synergies.” Thomas Dollhopf, Principal at Marwit Capital commented, “We are very pleased to support Best Vinyl on its continuing path of growth. We should derive significant benefits from this expansion and other opportunities we are considering.”
About Best Vinyl
Founded in 2000, Best Vinyl (www.bestvinyl.com) is the nation’s leading installer of vinyl fencing and related products such as decks, railing, patio covers and other outdoor related landscaping products. The Company serves a highly diverse customer base in the residential, commercial, government, military and wholesale distribution markets in the Western U.S., and through its rapidly growing internet business (www.DIYVinylproducts.com) reaches a variety of customers nationwide. Best Vinyl was acquired by Marwit Capital in March 2007, in partnership with the Company’s founders and senior management team, providing growth capital and management expertise to drive an expansion strategy that is focused initially on the Western U.S.