Wind Point Partners has added on to Ox Engineered Products with the buy of HomeGuard Building Products, a manufacturer of micro-perforated woven and non-woven polyolefin housewraps.
HomeGuard’s products are used to protect the core of residential and commercial buildings and serve as weather barriers and enhance the efficiency of heating and cooling insulation systems.
HomeGuard also produces roofing underlayment, tapes and flashings products. The company was founded in 2008 and is headquartered in Jacksonville, FL (www.hgpbp.com).
Wind Point partnered with building products executive Dave Ulmer to acquire Ox Engineered Products in February 2018. The company is a specialty manufacturer of insulated and non-insulated structural sheathing as well as residential and commercial grade polyiso foam insulation. Ox is headquartered in near Detroit in Northville, MI and operates out of two production facilities in Constantine, MI and Charleston, IL (www.oxengineeredproducts.com).
“HomeGuard is a great strategic fit with Ox and aligns with our strategy of offering a complete building envelope product portfolio to our customers,” said Paul Peterson, a Managing Director with Wind Point. “Acquisitions are a core component of our investment strategy, and we will continue to look for opportunities to provide our customers with even more product solutions.”
Wind Point invests from $50 million to $100 million in companies with EBITDAs of at least $10 million. Industries of interest include business services, consumer products and industrial products. In June 2017, Wind Point held a final closing of its eighth fund, Wind Point Partners VIII LP, with $985 million of capital commitments. The fund exceeded its initial hard cap of $750 million and marks the largest fund closing in Wind Point’s history. The firm was founded in 1984 and is based in Chicago (www.windpointpartners.com).
© 2018 Private Equity Professional | October 5, 2018