Houlihan Lokey Advises Trimlite

Houlihan Lokey is pleased to announce the successful sale of Trimlite Mfg Inc., a portfolio company of TriWest Capital Partners, to Wynnchurch Capital, LP. The transaction closed on July 27, 2021.

Founded in 1982, Trimlite is a leading manufacturer and distributor of residential doors and related door products in North America. The company supplies a broad offering of interior and exterior door slabs, prehung doors, door glass and doorlites, and other related products, which are sold through a diversified network of regional retailers, dealers, wholesale distributors and OEM customers. Trimlite has operations in North America and Asia.

Wynnchurch Capital, LP, headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California, New York, and an affiliate in Canada, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle-market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch manages a number of private equity funds with $4.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings.

Founded in 1998 and based in Calgary, Alberta, TriWest is one of Canada’s leading private equity firms, having raised over C$1.4 billion in committed capital through six funds. TriWest has successfully invested in 44 companies across a broad cross-section of the economy in partnership with its management teams. TriWest works closely with its management partners, together proactively putting in place a strategy that maximizes growth potential and value creation by emphasizing operational excellence, prudent governance, and an efficient capital structure.

Houlihan Lokey served as the exclusive sellside financial advisor to Trimlite and TriWest and assisted in initiating, structuring, and negotiating the transaction on their behalf. The transaction exemplifies the continued success of Houlihan Lokey’s dedicated coverage of the building products sector.