Sun Capital Partners has acquired Arrow Tru-Line, a manufacturer and distributor of garage door hardware and fittings, from Long Point Capital which acquired the company in June 2005.
Arrow Tru-Line is the nation’s leading independent manufacturer of hardware for residential and commercial overhead garage doors. The company’s components provide are used for the operation of garage door systems, including horizontal and vertical tracks, center bearing supports, hinges, struts, torsion tubes, rollers, brackets, and cable assemblies. Arrow Tru-Line sells its products to OEMs, dealers, and distributors. The company operates two plants and four distribution centers in the US and Canada. Arrow Tru-Line was founded in 1970 and is headquartered southwest of Toledo in Archbold, OH (www.arrowtruline.com).
Sun Capital sees potential to grow Arrow Tru-Line through maximizing operational efficiencies and reducing procurement costs. “Our investment in Arrow Tru-Line is an exciting opportunity for Sun Capital to leverage its resources and expertise to drive growth,” said Marc Leder, Co-CEO at Sun Capital. “We are looking forward to working with management to further expand Arrow’s market share.”
Sun Capital invests in leveraged buyouts, equity, and debt in companies that can benefit from its in-house operating professionals and experience. Sun Capital has invested in and managed more than 330 companies worldwide with combined sales in excess of $45 billion since the firm’s inception in 1995. The firm has offices in Boca Raton, Los Angeles and New York, and affiliates in London, Frankfurt, Stockholm and Shenzhen (www.SunCapPart.com).
“Arrow Tru-Line’s position as the leading player in this space is a testament to the quality of the products, high level of customer service, and hard work of the company’s entire organization,” said Jeremy Stone, Managing Director at Sun Capital. “We’re excited to partner with them to support and accelerate the Company’s success.”
Long Point Capital, the seller of Arrow Tru-Line, invests in manufacturing, distribution, and service companies with revenues of $30 million to $200 million and at least $5 million of EBITDA. The firm has offices in Royal Oak, MI (near Detroit) and New York (www.longpointcapital.com).
© 2017 Private Equity Professional | January 27, 2017
