Sequeira Partners acted as the transaction advisor to the Trimlite Group of Companies on its partnership with TriWest Capital. The transaction closed in October 2016.
Description of Transaction
Sequeira Partners was engaged to assist the Trimlite Group of Companies with a partial sale to address long-term ownership succession, and to assist with identifying the best-fit equity partner for the company’s next phase of growth. Sequeira provided advisory assistance throughout the transaction process including valuation, marketing, the negotiation of transaction terms, due diligence support and final deal completion with TriWest Capital.
With closing of this transaction, Trimlite achieved its primary objective of finding a partner to provide partial monetization to its current shareholder and facilitate accelerated future growth.
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 other home and building products for the building materials industry across North America. A key driver of success has been the Company’s geographic diversification across the U.S. and Canada, supported by wholly-owned Asian manufacturing facilities in China and Vietnam.
Founded in 1998 and based in Calgary, Alberta, TriWest is one of Canada’s leading private equity firms. TriWest has raised over $1.25 billion in committed capital through five funds and has invested in 32 companies to date. These investments have involved the acquisition of market-leading companies through management buyouts, growth financings, corporate divestitures and other special situations. TriWest provides more than just capital. The principals of TriWest have significant operational and financial expertise, making them effective partners in creating shareholder value.