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.
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."
The following is a transcript of the video below:
0:05
of the old a startup company in america
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not every company makes it as long as we have and we're here to tell you
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the best is yet to come building solution since 8043
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our team takes pride not only in our employees and products
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but also in our customers supplies we spent the last one hundred seventy years
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reinventing our business
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an increasing the quality of our products and services often make our
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independent dealer partners more relevant and more profitable
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thats the walkway over the years
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we face some tough times we took some risks tackle big challenges
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and embrace and ever-changing marketplace
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today business is growing rapidly and we know it's all because of the wolf teeth
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suppliers customers working together as we continue our journey into the future
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will continue to improve the ways we serve for combining our customer service
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and product development teams under one roof and creating
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the wolf Innovation Center to help us connect with our customers and new and
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we're building something better together because it's the right thing to do
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we're all better for as we look to create our future together
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we're glad you're with us to those have shared our journey
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thank you we can't wait to show you what's coming up
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in the next one hundred seventy years
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we're pleased to announce today another leap forward in establishing more
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meaningful connections and partnerships
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with the launch of the wall Innovation Center for product and service design
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the whole family as well as wolf organization has had a
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a proud tradition of community service over the years
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the will organization as a community committed company by which
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when you look at the organization and you look at the tenacity
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you look at the character in the perseverance that every single member
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the wall of organizations has display it is nothing short of remarkable
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the reason we've been in business for 170 years is because we haven't been
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afraid to reinvent ourselves
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we have a proud tradition but it's a tradition based on change
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constant improvement and innovation
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it's been quite a ride in our future is very bright
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thanks to the efforts those gathered here and across our entire service area
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