Dunes Point Capital has acquired Harvey Building Products, a manufacturer of windows and doors and a distributor of other building products such as siding and roofing.
Harvey sells directly to professional contractors and builders. The company has approximately 1,500 employees and operates two manufacturing facilities, 33 warehouses and 14 product showrooms. Harvey was founded in 1961 and is headquartered near Boston in Waltham, MA (www.harveybp.com).
Dunes Point Capital, through DPC Investment Partners, provided the controlling equity for the transaction. The debt for the transaction was provided by Franklin Square Capital Partners (www.franklinsquare.com); GSO Capital Partners (www.blackstone.com); Ladder Capital Finance (www.laddercapital.com); and Bank of America Merrill Lynch (www.baml.com).
Dunes Point Capital (DPC) is a family office and private investment firm that makes control investments in companies operating in the general industrial and energy sectors. DPC targets companies with enterprise values of up to $500 million. DPC was founded in 2013 by Timothy White, a former Senior Managing Director of GSO Capital Partners and Blackstone where he served as Head of GSO Private Equity Investing, Co‐Head of Mezzanine Investing, and Co-Portfolio Manager for GSO’s Capital Opportunities Fund I. Dunes Point Capital is based in Rye, NY (www.dunespointcapital.com).
Kirkland & Ellis served as legal advisor to DPC and Alvarez & Marsal Transaction Advisory Group served as financial advisor. Harris Williams & Co. served as financial advisor to Harvey.
© 2015 PEPD • Private Equity’s Leading News Magazine • 10-6-15
