Building Products Acquisitions in Indiana

A.S.A.P. Garage Door Repair, a portfolio company of Centerfield Capital Partners, has acquired Affordable Garage Doors, Inc., a dealer and service provider operating in Indiana and Illinois. The transaction is an add-on to A.S.A.P.'s platform and is intended to expand its Midwest footprint and service capabilities across residential, commercial, and agricultural end markets.

Sunbelt Modular, a Littlejohn & Co.-backed modular building platform, has acquired Whitley Manufacturing, a custom commercial modular building manufacturer operating facilities in Indiana, Washington and Pennsylvania. Terms were not disclosed; Whitley CEO and owner Simon Dragan will remain an investor in the combined business as Sunbelt expands its national manufacturing footprint and capabilities.

On Track Partners, backed by NorthCurrent Partners, has acquired Thomas Garage Door Sales, a provider of residential and commercial garage door services in Central Indiana. The business will operate under the Fairmount Door brand as On Track Partners expands its regional footprint in Indiana.

Allegion plc, through a subsidiary, has acquired SOSS Door Hardware, the longtime manufacturer of concealed (invisible) hinges and premium door hardware. SOSS will report into Allegion Americas to expand Allegion's door hardware portfolio and complement brands such as Ives, Glynn-Johnson and Zero International; terms were not disclosed.

White Cap, a leading distributor of specialty construction supplies, has acquired Jobsite Supply, Inc., a supplier of concrete accessories and forming and shoring solutions based in Indianapolis. The deal expands White Cap's offerings in the Indiana market and broadens its nationwide forming and shoring capabilities through the Jobsite Formwork brand.

On Track Partners, a garage door platform backed by NorthCurrent Partners, has acquired Fairmount Door Corporation, a commercial and residential garage door contractor with offices in Marion and Lafayette, Indiana. The add-on acquisition expands On Track Partners’ service footprint in Indiana and aims to enhance installation, maintenance, and repair capabilities for both residential and commercial customers.

Gillman Do it Best Home Centers has acquired Goecker Building Supplies, adding the North Vernon and Seymour, Indiana locations to its footprint. The deal, involving longtime owners Connie and Max Roeder, expands Gillman's presence in the Indiana home improvement market and brings Do it Best co-op affiliation, expanded product offerings and customer programs to the acquired stores.

Rainier Partners' portfolio company SCI Flooring has acquired Carpetbaggers, Inc., a flooring distributor and installer serving the greater Indianapolis metro area. The add-on expands SCI's Midwest footprint into Indiana, increases exposure to the multi-family segment, and creates cross-selling and regional density benefits for the platform.

Central Indiana Hardware, Inc. Co. (CIH), a subsidiary of APTURA Group, acquired Indianapolis-based Tinder Lock and Security Solutions on February 16, 2024. The deal expands CIH's locksmithing, access control, and commercial security capabilities and strengthens its leadership in Division 8, 10 and 28 commercial openings services.

Arbor Wood Co., a Duluth, Minnesota-based manufacturer of thermally modified wood products, has acquired EcoVantage, LLC, a thermally modified wood manufacturer based near Fort Wayne, Indiana. The acquisition is intended to expand Arbor Wood Co.'s production capacity, strengthen R&D capabilities, and reinforce its leadership in sustainable building materials.

Watts Water Technologies, Inc. has acquired Josam Company, a Michigan City, Indiana–based manufacturer of drainage and plumbing products with approximately $35 million in annualized sales. The purchase, funded with cash on hand, expands Watts’ product portfolio and channel capabilities and is intended to drive growth through cross-selling and complementary offerings.

MTL Holdings has acquired Citadel Architectural Products, adding Citadel’s composite panels and tested wall systems to MTL’s portfolio of building-envelope brands. The deal brings Citadel’s Indiana-based, ISO 9001-certified manufacturing capability and independent rep network into MTL’s family alongside Metal‑Era and Hickman Edge Systems to expand product offerings and single-source envelope solutions.

CW Industrial Partners, a Cleveland-based industrial private equity firm, has acquired Safe-Way Garage Doors, LLC, a manufacturer and distributor of residential, commercial and industrial overhead garage doors. Safe-Way was a portfolio company of Brixey & Meyer Capital; the transaction will add another building products business to CW Industrial Partners' portfolio and support Safe-Way's continued growth from its Warsaw, Indiana manufacturing operations.

Cleveland-based private equity firm CapitalWorks, LLC has acquired Safe-Way Garage Doors, LLC from Brixey & Meyer Capital. Safe-Way, a Warsaw, Indiana–headquartered manufacturer and distributor of residential, commercial and industrial overhead garage doors with distribution centers in Tennessee and Missouri, will become a CapitalWorks platform investment to support continued growth and operational improvements.

Fencing Supply Group (a platform backed by The Sterling Group) has acquired Vinyl by Design, a full-service provider of vinyl and aluminum fencing, railing and decking based in New Paris, Indiana. The add-on expands FSG's product offering and footprint in the Upper Midwest and complements existing fencing and outdoor living product lines across the platform.

Great Day Improvements, a vertically integrated home improvement company, has acquired Apex Energy Solutions, a direct-to-consumer provider of energy-efficient replacement windows and patio doors. The acquisition expands Great Day's product capabilities and geographic footprint across the U.S., adding Apex's network of company-owned and franchised locations and its proprietary sales and installation platform.

E.J. Welch, the flooring division of Merit Distribution (backed by Center Rock Capital Partners), acquired the Indiana, western Tennessee, Kentucky and Ohio territories — including facilities — of Gilford-Johnson Flooring effective Sept. 28, 2020. The transaction is an add-on to E.J. Welch's flooring distribution platform to expand its Midwest footprint and integrate local teams and supplier relationships.

Brixey & Meyer Capital (BMC) has acquired Safe-Way Garage Doors from The Ellis Company. Safe-Way, founded in 1950, is a manufacturer and distributor of residential, commercial, and industrial overhead garage doors with a manufacturing facility in Warsaw, Indiana and distribution centers in Tennessee and Missouri; the company will continue to be led by Sonny Nemitz and has about 60 employees.

Cameron Ashley Building Products, a Pacific Avenue Capital Partners portfolio company, has acquired J&R Products, a Bluffton, Indiana-based distributor of insulation accessories and small tool products. The add-on expands Cameron Ashley's product offering and physical footprint (Bluffton and Reno locations) to better serve northern Indiana, western Ohio and southern Michigan and enhances its nationwide insulation accessory capabilities.

Wynnchurch Capital has acquired MPL Holdings, LLC, a Fairland, Indiana-based manufacturer of cultured marble bath products serving the hospitality and multi-family housing markets. Wynnchurch said it will partner with MPL's management to invest in the business and support the company's next phase of growth.

ACProducts, Inc. (acpi), a portfolio company of American Industrial Partners, has acquired Smart, LLC, a New Paris, Indiana-based manufacturer of stock kitchen and bath cabinets. The transaction adds Smart's manufacturing capability and dealer/distributor network to acpi's existing cabinetry platform, expanding its footprint and product offerings in the residential and institutional housing markets.

The Firefly Group and Kocolene Development Corporation acquired Dealers Building Supply, Inc., d/b/a Dealers Wholesale, a value-added distributor of doors, door hardware and fireplaces based in Indianapolis. Matrix Capital Markets Group served as exclusive advisor to Dealers Wholesale; the investment is intended to boost market penetration and expand the company's distribution capabilities.