Building Products

On February 1, 2022, KeyBanc Capital Markets (KBCM) successfully closed the syndication of a $215 million First Lien Term Loan (Term Loan) in support of Paceline Equity Partners' (Paceline) acquisition of AHF Products (AHF). Additionally, KeyBank committed to a $50 million Asset-Based Revolving Credit Facility (ABL). Proceeds from the Credit Facilities (ABL and Term Loan) were used to support the acquisition of AHF, support ongoing working capital needs, and pay transaction related fees and expenses. KBCM served as Joint Lead Arranger and Joint Bookrunner on the Term Loan.

Headquartered in Mountville, PA, AHF is a leading producer of hard surface flooring in North America with leading category positions, entrenched customer and channel relationships. AHF has a comprehensive portfolio of brands and products across solid wood flooring, engineered flooring, and hard surface flooring.

Paceline was founded in late 2018 by former Lone Star Funds executives. Located in Dallas, Texas, Paceline was formed to pursue value-oriented, opportunistic, and special situations investments across private equity, corporate debt and real estate.

On November 29th, 2021, KeyBanc Capital Markets (“KBCM”) successfully advised UWD Holdings, LLC (“Universal Windows Direct” or the “Company”) on its sale to Great Day Improvements, LLC (“Great Day Improvements” or “Great Day”). KBCM was chosen to serve as Universal Windows Direct’s Exclusive Sell-Side Advisor based on its industry-leading Building Products practice and proven M&A execution capabilities.

Founded in 2002, Universal Windows Direct is one of the nation’s largest and fastest growing distributors and installers of windows, doors and other home improvement products serving the direct-to-consumer custom repair and remodel market. Headquartered in Cleveland, OH, the Company provides home improvement products through nine corporate owned locations, as well as independently operated licensed dealers covering 25 MSAs across the U.S.

Great Day Improvements designs, manufactures and installs custom sunrooms, windows and doors primarily for the residential market. Great Day operates under the Patio Enclosures, Stanek Windows, Hartshorn Custom Contracting and Apex Energy Solutions brand names. Headquartered in Macedonia, OH, Great Day currently operates in 59 markets across the U.S.

On September 20, 2021, KeyBanc Capital Markets (“KBCM”) successfully advised Arrow Tru-Line Inc. (“ATL” or the “Company”), a portfolio company of Sun Capital Partners (“Sun”) on its sale to MiddleGround Capital (“MiddleGround”). Sun engaged KBCM as its Exclusive Sell-Side Advisor based on its long-standing relationship, strong Building Products and Metals practices and proven M&A execution capabilities.

ATL., headquartered in Archbold, Ohio, is the leading independent manufacturer and supplier of a full spectrum of structurally critical hardware components to the rapidly growing U.S. sectional overhead garage door market. Since its inception, the Company has earned its reputation as the industry’s most trusted manufacturer of garage door hardware through its premier processes and overall quality.

Sun Capital Partners is a global private equity firm focused on partnering with outstanding management teams to accelerate value creation. Since 1995, Sun Capital has invested in more than 425 companies worldwide.

MiddleGround Capital is a private equity firm that makes control equity investments in lower middle market North American companies in the B2B industrial and specialty distribution sectors.

On August 20, 2021, KeyBanc Capital Markets (“KBCM”) successfully completed the sale of Cascade Windows (“Cascade” or the “Company”), a portfolio company of CenterOak Partners LLC (“CenterOak”), to Cornerstone Building Brands, Inc. (“Cornerstone”) for a purchase price of $245 Million. KBCM was chosen to serve as Cascade’s exclusive Sell-Side Advisor based on its industry-leading Building Products practice, proven M&A execution capabilities and longstanding relationship with the sponsor.

Cascade is a leading manufacturer of vinyl windows and doors serving the new and retrofit single and multi-family housing market. The Company operates six strategically located manufacturing facilities throughout the Western U.S. and goes to market through an extensive network of dealers, builders and distributors in its markets.

Based in Dallas, Texas, CenterOak is a private equity firm with a focus on making control-oriented investments in middle market companies organized or operating in the United States. The firm specializes in three key industry sectors: Industrial Growth, Consumer, and Business Services.

Cornerstone is the largest manufacturer of exterior building products for residential and low-rise non-residential buildings in North America. Headquartered in Cary, N.C., Cornerstone serves residential and commercial customers across the new construction and repair and remodel markets. Their market leading portfolio of products spans vinyl windows, vinyl siding, stone veneer, insulated metal panels, metal roofing, metal wall systems and metal accessories.