Masonite sells architectural business segment

TAMPA, Fla. — Masonite International Corp. announced that it has entered into a definitive agreement for the sale of all assets associated with the company’s Architectural segment to subsidiaries of IBP Solutions, Inc., a newly formed portfolio company of Industrial Opportunity Partners.

The transaction is expected to close in the second quarter of 2024 and is subject to customary closing conditions.

Houlihan Lokey, Inc. acted as Masonite’s financial advisor on the transaction.

The Architectural segment of Masonite is involved in the production and distribution of doors and door systems, specifically catering to the construction and renovation sectors.

IBP Solutions, under the umbrella of Industrial Opportunity Partners, is a newly established entity. IOP is an Evanston, Illinois-based private equity firm with a substantial capital commitment, specializing in the manufacturing and distribution sectors.


Have something to say? Share your thoughts with us in the comments below.

Profile picture for user larryadams
About the author
Larry Adams | Editor

Larry Adams is a Chicago-based writer and editor who writes about how things get done. A former wire service and community newspaper reporter, Larry is an award-winning writer with more than three decades of experience. In addition to writing about woodworking, he has covered science, metrology, metalworking, industrial design, quality control, imaging, Swiss and micromanufacturing . He was previously a Tabbie Award winner for his coverage of nano-based coatings technology for the automotive industry. Larry volunteers for the historic preservation group, the Kalo Foundation/Ianelli Studios, and the science-based group, Chicago Council on Science and Technology (C2ST).