DreamLine, a portfolio company of MPE Partners since July 2017, has acquired Arizona Shower Doors, a designer and manufacturer of custom glass shower doors and enclosures.
Arizona Shower Doors (ASD) was founded more than 32 years ago and is headquartered in Phoenix with distribution facilities in the states of Arizona, Colorado, Utah, Oregon, Illinois, and Florida (www.arizonashowerdoor.com).
Brothers Paul and Pete Knadler will remain in their leadership roles at the company. “Pete and I are very excited to partner with DreamLine and MPE and believe DreamLine’s market-leading technology will continue to differentiate us from our competitors in the custom shower door market by leveraging our excellent people, service and network,” said Paul Knadler.
DreamLine is a designer, manufacturer, and marketer of a range of shower products including frameless glass shower doors, shower enclosures, tub doors, and acrylic shower bases. The company offers more than 5,000 products across over 60 models. The company, led by CEO Chris Yankowich, is based north of Philadelphia in Warminster, PA (www.DreamLine.com).
“ASD has built an outstanding reputation in product quality and service to its customer base,” said Mr. Yankowich. “The partnership between DreamLine and ASD creates a platform with an extensive portfolio of over 10,000 products with endless possibilities for customers across the entire glass shower door and enclosure market.”
“We saw a great strategic fit to bring DreamLine’s market-leading technology to the custom shower door market leveraging ASD’s extensive product offering and distribution network,” said Graham Schena, a partner at MPE.
MPE invests in lower middle-market companies that are valued from $25 million to $150 million and have EBITDAs between $5 million and $20 million. Sectors of interest include high-value manufacturing and commercial & industrial services. The firm has offices in Cleveland and Boston (www.mpepartners.com).
LBC Credit Partners, AEA Middle Market Debt Funds and HIMCO (Hartford Investment Management Company) provided financing to support this transaction.
© 2019 Private Equity Professional | September 18, 2019