Saw Mill Capital has sold Wolf-Gordon, a designer and supplier of wallcoverings, to Charger Investment Partners.
Wolf-Gordon’s products – used in commercial renovation and remodeling applications – include wallcoverings, upholstery and drapery textiles, specialty paints and dry-erase coatings, and are sold to the hospitality, healthcare, education, corporate, food service and retail sectors.
Saw Mill acquired Wolf-Gordon in January 2016 and during its term of ownership the company invested heavily in digital marketing, created a virtual selling capability, added new wall protection and acoustical panel products, and expanded into the healthcare, education, and food service sectors.
“Collaborating with Wolf-Gordon’s highly skilled management team to realize our aligned strategic goals has truly been an honor,” said Scott Rivard, a partner at Saw Mill. “Leveraging our rigorous investment research approach, we identified a compelling market opportunity, and we implemented a tiered growth strategy to enhance value for all stakeholders. We are fortunate to have had the opportunity to be a partner to Wolf-Gordon during our investment period, and we believe their seasoned team is capable of tremendous future success.”
“Saw Mill has been an invaluable partner to Wolf-Gordon,” said Rick Wolf, the CEO of Wolf-Gordon. “Their unwavering support and thoughtful, strategic input have been pivotal in propelling our brands and products forward. Together, we’ve successfully navigated market challenges, fostered talent and refined operations, setting the stage for our continued growth, innovation and success.”
New York City-headquartered Wolf-Gordon was founded in 1967 and has account executives based in all major markets in the United States.
Saw Mill invests in North American-based manufacturing, industrial and commercial services, and specialty distribution businesses with $25 million to $200 million of revenues and $5 million to $25 million of EBITDA. The firm was founded in 1997 and is headquartered north of New York City in Briarcliff Manor, New York.
“We are proud to partner with Rick and the Wolf-Gordon management team,” said Kimberly Pollack, a co-founder and partner at Charger. “The company’s long-term track record and loyal customer base is a testament to its market leading position in the wallcovering and interior surfaces sector. We are excited to work closely with the team to support the company’s growth.”
Charger Investment Partners makes control or significant minority investments of $20 million to $100 million in North America-based companies with revenues from $50 million to $350 million and up to $35 million in EBITDA. Sectors of interest include industrials, consumer products and services, and business services. Charger is headquartered near Los Angeles in El Segundo, California.
“This investment illustrates Charger’s focus on partnering with talented management teams and investing in market leading businesses,” added Karen Parks, a managing director at Charger. “We believe strongly in Wolf-Gordon’s growth potential and very much look forward to working with Rick and the team.”
Hennepin Partners was the financial advisor to both Wolf-Gordon and Saw Mill on this transaction, and BlackArch Partners was the advisor to Charger.
© 2024 Private Equity Professional | May 7, 2024
