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Kohlberg Acquires Door Maker Senneca Holdings
Wednesday 16 May 2018

16 May 2018 - New York, US-based private equity firm Kohlberg and Company, L.L.C has acquired Ohio, US-based specialty door manufacturer and distributor Senneca Holdings, Inc. from Audax Private Equity, the company said.
Terms of the transaction were not disclosed.
Senneca Holdings said Kohlberg represents a well-capitalised partner that will accelerate the company's ability to grow through both organic growth initiatives and strategic add-on acquisitions.
Senneca designs and manufactures a broad portfolio of built-to-order specialty doors including traffic doors, flexible strip doors, specialty glass doors, and data centre enclosures.
Kohlberg and Company, L.L.C. has organised eight private equity funds, through which it has raised USD 7.5bn of committed equity capital.
Over its 31-year history, Kohlberg has completed 72 platform investments and approximately 170 add-on acquisitions, with an aggregate transaction value in excess of USD 15bn.
Paul, Weiss, Rifkind, Wharton and Garrison LLP served as legal counsel to Kohlberg. Antares Capital, Golub Capital, Partners Group and Goldman Sachs Asset Management led the debt financing for the transaction.
Details
Date Published: 16/05/2018
Target: Senneca Holdings
Country: USA
Sector: Construction/Real Estate
Type: LBO
Financing:
Status: Closed
Vendor: Audax Private Equity
Buyer: Kohlberg and Company
Buyer Advisor: Paul, Weiss, Rifkind, Wharton and Garrison
Comment:
Terms of the deal were not disclosed

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