Safe-Way Garage Doors Acquired by Point 41 Capital Partners
CLEVELAND, OHIO – Cleveland-based investment firm CW Industrial Partners (“CWI”) today announced the sale of its portfolio company, Safe-Way Garage Doors, LLC (“Safe-Way” or the “Company”), to Point 41 Capital Partners (“Point 41”), a middle-market private equity firm. Terms of the private transaction were not disclosed.
CWI Industrial Partners originally invested in Safe-Way in December 2021. Headquartered in Warsaw, Indiana, Safe-Way is a leading manufacturer and distributor of residential and commercial overhead garage doors and related parts and accessories, with a 60-plus-year track record of quality and customer service. In September 2023, CW Industrial Partners supported Safe-Way’s acquisition of 1st United Door Technologies, a Tempe, Arizona-based overhead door manufacturer, expanding the combined company’s national footprint and product offering.
Over the course of CWI’s ownership, Safe-Way and 1st United built a combined platform with expanded manufacturing capabilities, a broader national distribution network, and enhanced product lines serving customers across the residential, commercial, and industrial overhead door markets.
“Safe-Way has been a tremendous partnership from day one,” said Dick Hollington, Chairman, CW Industrial Partners. “We are proud of what the management team has accomplished—building from a strong regional platform into a national leader in overhead door manufacturing and distribution through great service execution and the addition of 1st United.”
“We wish the combined team continued success in its next chapter with Point 41,” said Todd Martin, Managing Partner, CW Industrial Partners.
“We are grateful for CWI’s partnership and support over the last several years,” said Ted Rock, CEO of Safe-Way Garage Doors. “Together, we built a national platform that is well-positioned for continued growth.
“We’re incredibly excited about what this next chapter means for Safe-Way and, most importantly, for our customers,” Rock continued. “Partnering with Point 41 gives us the resources and support to accelerate innovation and invest even more in new products, services, and programs that create greater value for our customers. We’re proud of what we’ve built with CW Industrials, and we look forward to building on that foundation with Point 41.”
KeyBanc Capital Markets served as exclusive financial advisor and Calfee, Halter & Griswold LLP served as legal advisor to CWI and Safe-Way on the transaction.
About Safe-Way Garage Doors
Safe-Way Garage Doors is a leading manufacturer and distributor of residential, commercial, and industrial overhead garage doors, headquartered in Warsaw, Indiana, with distribution centers in Murfreesboro, Tennessee, and Nixa, Missouri. Following its 2023 acquisition of 1st United Door Technologies, headquartered in Tempe, Arizona, the combined company serves customers nationwide with an expanded product line and manufacturing footprint. For more information, visit www.safewaydoor.com/.
About CW Industrial Partners
CW Industrial Partners (“CWI”) is an industrial-focused investment firm. Based in Cleveland, Ohio, CWI acquires lower middle-market companies in manufacturing and industrial services and provides capital, support, and freedom to grow. Founded in 1999, the firm’s investors are primarily successful entrepreneurs and executives who contribute to the evaluation and investment process. For more information, visit www.cwindustrials.com.
About Point 41 Capital Partners
Point 41 Capital Partners (“Point 41”) is a middle-market private equity firm that partners with management teams in the specialty industrials and services sectors and invests in North American-based companies with an enterprise value between $50 million and $350 million. Point 41’s ideology is built upon four key principles—team, expertise, execution, and integrity—that guide the firm’s investment philosophy. In alignment with management teams, Point 41 offers 40 years of deep sector expertise and a proven approach to driving transformational growth. For more information, visit www.point41capital.com.
Contact:
Todd Martin
CW Industrial Partners
1100 Superior Avenue, Suite 1725, Cleveland, OH 44114
[email protected]