Winston-Salem-based Door and Lock Maker Acquired by Private Equity Firm

10/22/18

By Lily Skopp, NCBIZNews

The Cook & Boardman Group LLC., a distributor of doors and locks, has been acquired by private equity firm Littlejohn & Co. LLC for an undisclosed amount.

Connecticut-based Littlejohn & Co. purchased Cook & Boardman to expand its business in building products.

Financing for the transaction was provided by Goldman Sachs Group Inc., SunTrust Robinson Humphrey Inc. and KKR Capital Markets LLC.

Cook & Boardman, which was established in 1955, offers a variety of commercial door entry solutions, including doors, locks and other related building components.

The company operates 35 locations across 11 states and is based in Winston-Salem.

“The company’s technical expertise, comprehensive product offering, value-added services, and national footprint positions it as a critical and indispensable link in the commercial door and door hardware supply chain,” said Steven Raich, managing director of Littlejohn, in a statement.

Littlejohn is an investment firm focused on private equity and debt investments primarily in middle market companies. It currently has over $7 billion under management.

“This is an exciting day for our company, and we are thrilled that Littlejohn has recognized the growth potential in our business,” said Cook & Boardman CEO Darrin Anderson in a statement. “Our company’s full product suite and one-stop shop capabilities are a true strategic asset and we welcome Littlejohn’s support as we seek to execute on a number of initiatives to drive growth and further strengthen our value proposition to our customer base.”

Anderson has been the company’s CEO since October 2017. He has held several leaderships at industrial companies prior to joining Cook & Boardman, including serving as the chief operating officer of Crescent Electrical Supply Co.

The link to Monday’s news release can be found here.

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