Houlihan Lokey Advises Senneca Holdings

We are pleased to announce the sale of Senneca Holdings, Inc. (Senneca), a portfolio company of Audax Private Equity (Audax), to Kohlberg & Company, LLC (Kohlberg). The transaction closed on May 11, 2018.

Founded in 1932, Senneca designs and manufactures a broad portfolio of specialty doors and enclosure solutions serving a variety of end markets. The Company's highly engineered and customized solutions include specialty glass doors, traffic doors, flexible doors, and data center enclosures under industry leading brands such as Chase™, Eliason™, Thermoseal™, TMI™, and SubZero™. Senneca is headquartered in Cincinnati, Ohio, with global operations.

Since its founding in 1999, Audax Private Equity has been focused on building leading middle-market companies. Audax has invested $4.5 billion in 113 platform and 671 add-on companies. Through its disciplined "Buy & Build" approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. Audax Private Equity is an integral part of Audax Group, an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and San Francisco, Audax Group has $12.0 billion in assets under management across its private equity, mezzanine, and senior debt businesses.

Kohlberg is a leading private equity firm headquartered in New York. Since its inception in 1987, Kohlberg has organized eight private equity funds, through which it has raised $7.5 billion of committed equity capital. Over its 31-year history, Kohlberg has completed 72 platform investments and approximately 170 add-on acquisitions, with an aggregate transaction value in excess of $15 billion.

Houlihan Lokey served as exclusive financial advisor to Senneca and assisted in initiating, structuring, and negotiating the transaction on its behalf. This transaction highlights Houlihan Lokey's broad experience and continued success advising building products, security, and building technology companies.


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