Cleveland private equity firm, CapitalWorks, has acquired Safe-Way Garage Doors, LLC marking its fifth platform investment in CapitalWorks Fund IV.
Headquartered in Warsaw, IN with distribution centers in Nixa, Missouri and Murfreesboro, TN, Safe-Way Garage Doors, LLC is a leading manufacturer and distributor of residential and commercial overhead garage doors and related parts and accessories. Safe-Way boasts a 60+ year track record of offering a comprehensive array of steel and wood door products, and it differentiates itself through product quality and customer service.
“We are excited to partner with the Safe-Way team and welcome another building products investment to the CapitalWorks portfolio,” said CapitalWorks Managing Director and CEO, Dick Hollington. “Their tireless focus on customer service and delivering customized quality products has allowed them to gain market share. We are excited to build on this momentum and continue the company’s growth in the coming years.”
“CapitalWorks’ demonstrated ability to grow lower middle market building products businesses made it the perfect partner to help Safe-Way achieve its planned growth,” said Sonny Nemitz, Safe-Way President, “We are excited to work with CapitalWorks and its partners to leverage its strategic and operational expertise.”
One such partner is Steadfast Partners, a group of former Jabil executives who bring deep expertise across the full range of functional areas. Bill Muir of Steadfast commented, “We feel confident that our partnership with CapitalWorks and the Safe-Way team will further support a growth strategy and operational excellence.”
Senior financing was provided by CIBC. Oxer Capital provided subordinated debt and equity. CapitalWorks LLC was advised by Calfee, Halter & Griswold on the transaction.
ABOUT SAFE-WAY GARAGE DOORS, LLC: Safe-Way Door is a leading manufacturer and distributor of residential, commercial, and industrial overhead garage doors. Headquartered in Warsaw, Indiana, Safe-Way Door also operates facilities in Tennessee and Missouri with distribution throughout North America. Safe-Way has a relentless commitment to the customer experience and provides superior value through its product quality, lead times and customization capabilities. https://safewaydoor.com/
ABOUT CAPITALWORKS: CapitalWorks, LLC is an industrial focused private equity firm that is backed by knowledgeable investors who partner with it in finding, vetting, and owning companies. Based in Cleveland, Ohio, CapitalWorks acquires lower middle-market companies in manufacturing and industrial services industries and gives them the capital, support, and freedom to grow. Recent acquisitions include ERL, Libra Industries, Ohio Blow Pipe, C&M Conveyor, and GEMCITY. Founded in 1999, the firm’s investors are primarily successful entrepreneurs and executives who contribute to the evaluation and investment process. capitalworks.net.
| Dick Hollington Managing Director, CEO CapitalWorks, LLC |
Todd Martin Managing Director CapitalWorks, LLC |
John Corrigan Principal CapitalWorks, LLC |