Chicago-based private equity firm Wind Point Partners is dealing its Marshfield DoorSystems, a provider of doors and related products for commercial and architectural markets, to Masonite International Corp. in a deal where terms were not publicized. The PE firm had held the company for about 11 years; Reed Smith LLP acted as the exclusive legal advisor to Marshfield DoorSystems.
Chicago, IL, August 9, 2011 – Wind Point Partners, a private equity investment firm based in Chicago, announced today that it has sold one of its portfolio companies, Marshfield DoorSystems, to Masonite International Corporation.
Marshfield DoorSystems, a leading provider of doors and door components for commercial and architectural markets, was acquired by Wind Point Partners in 2000. Marshfield was led by CEO Don Bergman, who previously served as President of Horton Automatics and President of the Newell Companies Home Hardware Cos. Don will remain with Masonite’s commercial and architectural door business.
“Under Wind Point’s ownership, Marshfield has built a reputation as an industry leader in quality and customer service. Our strong customer partnerships reflect our commitment to providing customers with the best products and service available,” Don Bergman stated. “It has been a pleasure working with Wind Point, and I value their support in driving our growth.”
Nathan Brown, a managing director at Wind Point, commented, “Don has done a terrific job of implementing our value creation plan, including introducing innovative new products and improving operations. Marshfield has been an excellent investment for Wind Point.”
Reed Smith LLP acted as the exclusive legal advisor to Marshfield DoorSystems.
About Wind Point Partners
Wind Point Partners is a private equity investment firm that manages commitments of approximately $2.5 billion. Wind Point focuses on partnering with top caliber CEOs to acquire middle market businesses where we can establish a clear path to value creation. Additional information about Wind Point is available at www.windpointpartners.com.
About Marshfield DoorSystems
Marshfield DoorSystems is recognized as a leader in the wood door industry with a strong commitment to sustainable construction. You can be assured that Marshfield DoorSystems exceptional offering of all types of doors will fulfill the needs of your project. For additional information visit www.marshfielddoors.com.
Masonite International Corporation is a leading global manufacturer of residential and commercial doors, committed to providing the highest value building products to customers in more than 70 countries around the world. For more information visit www.masonite.com.