Drum Capital and Trident have acquired Excel Interior Door, a manufacturer of interior wooden doors.
Excel’s products are used in new and remodeled single and multi-family residences. The company produces more than 20,000 doors per week and sells its products to more than 80 building products distributors. Excel Door has over 70 employees and is headquartered near Huntsville in Hartselle, Alabama.
Brothers Ron Hulse and Russ Hulse led a group of local investors to acquire Excel Door after it was closed in 2010 during the aftermath of the recession. “I am pleased that we have found an experienced partner to support the future success of Excel Door. We are thankful to those who believed in Excel Door and supported its growth to this stage, and I am excited to see the company’s future growth,” said Ron Hulse.
“It is a tremendous opportunity to continue the legacy of Ron and Russ as the new owners of Excel Door,” said Chris Ayala, a managing director of Drum. “Excel is a unique opportunity, the type of company and management team that we look to work with to support the business’s next stage of growth and success.”
Drum Capital makes direct investments and co-investments in companies as well as direct investments in private equity funds. For direct investments, the firm targets North American-based companies with $5 million to $20 million of EBITDA and enterprise values of $25 million to $100 million. For co-investments, Drum targets North American-based companies with $20 million to $100 million of EBITDA and enterprise values of $50 million to $750 million. Stamford-based Drum Capital was founded in 2005 by Scott Vollmer and has invested in 54 operating businesses since its founding.
Trident invests in United States-based companies that have revenues from $10 million to $100 million and EBITDA from $2 million to $20 million. Sectors of interest include healthcare, consumer products and services, and industrials. New York City-headquartered Trident was founded in 2017 by Eric Taylor and Nicholas Wood.
© 2022 Private Equity Professional | February 15, 2022
