YORK, PA - Quad-C Management private equity says it has closed on an investment in The Wolf Organization, Inc., the largest distributor of kitchen and bath cabinetry in the U.S. and a leading provider of trim, railing, decking, siding and other building products.
The deal also concludes the relationship of the company to Pennsylvania Governor Tom Wolf, who along with his family controlled the cabinetry firm until his election in May 2014.
Tom Wolf, center, at The Wolf Organization, Inc. warehouse.
While terms of the deal were not disclosed, such investments frequently represent a controlling interest.
WOLF currently has more than 250 employees and is a leading provider of branded specialty building products serving over 3,000 independent dealers in 33 states across the East Coast and Midwestern United States. The Wolf Organization, Inc., is the corporate parent of WOLF, the largest supplier of kitchen cabinets in the U.S. and a leading provider of specialty building products. Since its founding in 1843, York, Pa.-based WOLF has evolved into a sourcing company that offers American-made, WOLF-branded kitchen cabinets and building product.
Quad-C describes the investment as a partnership with management, led by WOLF President and CEO Craig Danielson.
“We’re backing a management team at WOLF that successfully navigated the company through both good and bad markets," says Thad Jones, a partner at Quad-C.
"We’re looking forward to partnering with Craig and the rest of the management team to further drive growth through new product development and ongoing geographic expansion.”
Tony Ignaczak, president of Quad-C Management, said the WOLF investment is the latest deal in the building products sector for Quad-C. Other past investments in the vertical include Service Partners, Acoustical Material Services, Generation Brands, Tandus Flooring and Interwap, a global manufacturer of roofing underlayment and packaging solutions acquired by Quad-C in 2013.
“Quad-C stood out in a crowded field of potential investors,” Danielson said. “They have a long history of successful investing in the building products sector."
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