Senneca Holdings, a portfolio company of Audax Private Equity, has acquired Door Engineering, a maker of industrial, commercial, aviation and specialty doors. The buy of Door Engineering is Senneca’s sixth add-on acquisition since it was formed by Audax in September 2014 to acquire Chase Industries from Sentinel Capital Partners.
“Door’s products will deepen our penetration into the emergency response, municipal, commercial, and aviation vertical markets,” said Jeffrey Stark, Chief Executive Officer of Senneca. “They have been making custom specialty doors for over 50 years, and we look forward to continuing that tradition in Minnesota.” Door Engineering is based southwest of Minneapolis in Kasota, MN (www.doorengineering.com).
Senneca Holdings manufactures and distributes doors, including traffic, corrosion resistant, strip, cold storage, fire, and sliding doors. Company owned brand names include Chase, CDS Commercial Door System, Chem-Pruf, Eliason, Enershield, Rubbair, Thermoseal and Tiger. Senneca has ten manufacturing facilities and is headquartered north of Cincinnati in West Chester, OH (www.senneca.com).
The Audax Group makes control investments of $10 million to $100 million in middle market companies with transaction values of $25 million to $500 million. Sectors of interest include industrial manufacturing; energy; outsourced industrial services; consumer products; healthcare devices and services; non-asset based logistics; technology; aerospace & defense; business services; and direct marketing. The firm was founded in 1999 and has offices in Boston, New York and Menlo Park (www.audaxgroup.com).
© 2016 Private Equity Professional • 8-10-16
