October 1, 2016 – TriWest Capital Partners, in partnership with the senior management team, is pleased to announce that it has acquired a majority interest in Trimlite Mfg. Inc., (“Trimlite” or the “Company”). This investment represents TriWest’s fifth portfolio company in Fund V.
Founded in 1982 as a manufacturer of decorative glass inserts for steel door fabricators, Trimlite has evolved into a premier manufacturer and distributor of stile and rail doors, fiberglass doors, decorative glass and other home building products for the building materials industry across North America. The Company has created a unique value proposition by developing an integrated supply chain that includes manufacturing plants in China, Vietnam, Canada and the United States, as well as strategically positioned distribution facilities across several key end markets in North America.
“TriWest is very impressed with the market position Trimlite has established over many years in the building products sector.” said Norm Rokosh, Senior Managing Director at TriWest Capital Partners. “Ross Murray and his very capable management team are well equipped to continue the successful growth of Trimlite; we at TriWest look forward to working with the team in achieving their goals.”
Ross Murray, CEO of Trimlite said, “My team and I are very excited to be partnered with TriWest. Their deep experience with helping companies hone strategy and accelerate growth bodes well for our customers, our suppliers, and our employees. We look forward to our partnership with TriWest.”
Founded in 1998 and based in Calgary, Alberta, TriWest is one of Canada’s leading private equity firms, having raised over $1.25 billion in committed capital through five funds. TriWest makes significant equity investments in profitable companies and works in partnership with management to generate superior financial returns through the pursuit of growth opportunities and a focus on operational excellence. TriWest provides more than just capital. The principals of TriWest have significant operational and financial expertise, making us effective partners in creating shareholder value.