Houlihan Lokey Advises ELM Home & Building Solutions

Transaction: ELM Home & Building Solutions - Audax Private Equity - Great Day Improvements

Houlihan Lokey is pleased to announce that ELM Home & Building Solutions (ELM), a portfolio company of Audax Private Equity, has been acquired by Great Day Improvements. Houlihan Lokey served as the lead financial advisor to ELM and Audax Private Equity and assisted in initiating, structuring, and negotiating the transaction on their behalf.

ELM Home & Building Solutions, based in East Brunswick, New Jersey, is a leading provider of innovative home and building solutions, whose family of brands are integrated closely together through ELM’s unique core competencies in quality manufacturing, its direct-to-consumer model, and speed to market. For more than 50 years, its brand Englert Inc. has been the gold standard for residential and commercial metal roof and gutter systems, while the LeafGuard gutter system has revolutionized the industry for over 30 years by providing an innovative one-piece debris shedding system directly to consumers.

Audax Private Equity is a Boston- and San Francisco-based leading capital partner for middle and lower-middle-market companies that seeks to facilitate transformational growth. With approximately $19 billion of assets under management, over 270 employees, and 100-plus investment professionals, the firm has invested in more than 170 platforms and 1,300 add-on acquisitions since its founding in 1999. Audax helps portfolio companies execute organic and inorganic growth initiatives that fuel revenue expansion, optimize operations, and significantly increase equity value.

Great Day Improvements, based in Macedonia, Ohio, is a vertically integrated, direct-to-consumer provider of premium home improvement products. Great Day’s family of brands includes Patio Enclosures®, Champion Windows and Home Exteriors®, Universal Windows Direct®, Apex Energy Solutions®, Stanek Windows®, Hartshorn Custom Contracting, Your Home Improvement Company, Home Performance Alliance, K Designers, Leafguard®, Englert®, and The Bath Authority. Great Day has an expanding workforce of 4,500 employees across 120 metropolitan markets throughout the United States. The company has been ranked as the fifth-largest home improvement company in the nation according to Qualified Remodeler’s Top 500 list and is among the fastest-growing private companies for the second consecutive year.

This transaction highlights Houlihan Lokey's dedicated sector expertise advising market-leading, direct-to-consumer specialty distribution and remodeling businesses in the growing home services market as well as its continued success delivering superior client service with outstanding results.

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