TRIWEST CAPITAL PARTNERS SELLS TRIMLITE
Calgary, Alberta (July 29, 2021) — TriWest Capital Partners (“TriWest”) today announced that it has sold Trimlite Mfg Inc. (“Trimlite” or the “Company”), a leading manufacturer and distributor of residential doors and related door products, to Wynnchurch Capital, L.P. (“Wynnchurch”). The Company’s management team will continue to lead the business, which is headquartered in Renton, Washington.
Trimlite was founded in 1982 as a manufacturer of decorative glass inserts for steel door fabricators. Since then, the Company has evolved into a premier manufacturer and distributor of stile and rail doors, fiberglass doors, door glass and pre-hung doors for the building materials industry across North America. Trimlite has created a unique value proposition through its 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.
“The Trimlite management team has accomplished a tremendous amount during our five-year partnership with the Company,” said Norm Rokosh, Senior Managing Director, TriWest. “This has included acquiring and integrating CODEL, launching a new facility in Vietnam, expanding operations in Western Canada and establishing a physical presence in the US Southeast. We very much appreciate Ross Murray (former Chief Executive Officer and sole shareholder of Trimlite) having brought TriWest and senior management in as shareholders in 2016, and wish Patrick Hooper (current Chief Executive Officer of Trimlite), together with the rest of the management team, continued success with Wynnchurch as their new partner.”
Patrick Hooper commented, “TriWest and management have shared a common vision for the culture and future of Trimlite since day one. We want to thank TriWest for the role they have played over the past five years in the significant growth that Trimlite has achieved. We look forward to building on that success with Wynnchurch through both organic and inorganic initiatives.”
Financial terms of the transaction were not disclosed. TriWest’s financial adviser was Houlihan Lokey with legal advice provided by Ropes & Gray in the US and Bennett Jones in Canada.
About TriWest Capital Partners
Founded in 1998 and based in Calgary, Alberta, TriWest is one of Canada’s leading private equity firms, having raised over C$1.4 billion in committed capital through six funds. TriWest has successfully invested in 43 companies across a broad cross-section of the economy in partnership with their management
teams. We work closely with our management partners, together proactively putting in place a strategy that maximizes growth potential and value creation by emphasizing operational excellence, prudent governance and an efficient capital structure. The principals of TriWest have significant operational and financial expertise, making us effective partners in creating shareholder value. For more information: www.triwest.ca
Founded in 1982, Trimlite is a manufacturer and distributor of residential doors and related door products in North America. The Company supplies a broad offering of interior and exterior door slabs, prehung doors, door glass and doorlites, and other related products which are sold through its network of wholesale distributors, dealers and OEM customers. For more information: www.trimlite.com
For more information:
TriWest Capital Partners
Chief Operating Officer
Tel: (403) 817-9665