Strategic Sale

The Company distributes and installs commercial and residential entry and garage doors as well as gates and access control systems.

Transaction Overview:

The Company’s owner and primary operator was approaching retirement age and wanted to proactively identify a succession plan to ensure the ongoing stability and health of the business after he stepped away.  Trestle was asked to locate both qualified strategic suitors and equity sponsors that could acquire the company and help the owner achieve this goal.

Results:

Trestle undertook a targeted marketing process that focused on strategic acquirors in the industry as well as private equity groups that had either a stated interest or a platform company in the building products space.  The Company was sold to a publicly traded corporation in a cash deal that included an initial cash payment as well as an earn-out payment based on future performance that was fully achieved.  The owner was able to retain full control of the business operations through the earn-out period and smoothly transition the business to the new owner prior to retirement.