Graham Partners Acquires Henry Company
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Graham Partners Acquires Henry Company

Henry Company, a manufacturer of roofing and building envelope products and systems, has been acquired by an investor group led by Graham Partners and certain other co-investors including OceanBridge Partners, members of current management, and the company’s former owners. Graham Partners and the co-investors acquired Henry from AEA Investors and other minority shareholders.

“Under very capable leadership, Henry delivered solid performance over the past several years in spite of the difficult market environment,” said Rob Newbold, Managing Principal at Graham Partners. “We look forward to working actively with management to enhance Henry’s leadership in building envelope systems through the development of innovative, high performance building solutions and the ongoing commitment to sustainable, profitable growth aided by the resources we have to offer at Graham.”

Henry Company is a manufacturer of roofing and building envelope products and systems used to control the flow of water, vapor, air, and energy through the entire building envelope, from foundation to roof. Henry supplies roof coatings and cements, air and vapor barriers, underlayments, waterproofing products, spray foam, and green roofing systems. The company is also a supplier of wax and asphalt emulsions for a variety of OEM applications. Brands include Henry® (roof cements and coatings), Bakor® (building materials), Blueskin® (air and vapor barriers), Aqualite® (wax emulsions), Black Knight® (roof coatings and driveway sealer) and Permax® (spray foam). The company is headquartered in El Segundo, CA (www.henry.com).

Brian Strauss will remain President and Chief Executive Officer of Henry, and the existing senior management team will continue to lead the company following the transaction. “Henry is a proven leader in innovative building envelope solutions. Our team’s highly developed understanding of the market has enabled us to develop new products to better serve customers’ needs. We are enthusiastic about the partnership with Graham and look forward to working together,” said Mr. Strauss. “Also, we wish to sincerely thank AEA Investors for their collaboration as we have worked together to grow Henry since their acquisition of the company in 2005.”

Graham Partners is a lower middle market industrial private equity firm with over $1.5 billion under management. Graham Partners is sponsored by the privately held Graham Group of York, PA, an industrial and investment concern with interests in plastics, packaging, machinery, building products and outsource manufacturing. Graham Partners seeks to acquire industrial companies with revenues between $30 million and $500 million that participate in manufacturing niches where it can leverage its combination of operating resources and financial expertise. The firm is located in Philadelphia, PA (www.grahampartners.net).

OceanBridge Partners is a private investment firm with office in New York and London (www.ocbrpartners.com).

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