Charlottesville, VA. July 9, 2015 – Quad-C Management, a leading middle market private equity firm, announced the firm has closed on an investment in York, Penn.-based WOLF, the largest distributor of kitchen and bath cabinetry in the U.S. and a leading provider of trim, railing, decking, siding and other building products. Terms of the deal were not disclosed.
As a leading provider of branded specialty building products, WOLF caters to the independent dealer channel, serving over 3,000 independent dealers in 33 states across the East Coast and Midwestern United States. The company, founded in 1843, currently has more than 250 employees.
In the investment, Quad-C is partnering with management, led by WOLF President and CEO Craig Danielson. “Quad-C stood out in a crowded field of potential investors,” Danielson said. “They have a long history of successful investing in the building products sector and bring an execution-oriented strategic toolkit to help map out and deliver upon key initiatives that will benefit our customers, our suppliers and our employees, while driving sustainable growth to build upon the brand’s strong legacy.”
“We were drawn to WOLF because we recognized the company’s unique value proposition to its loyal and dedicated dealer network,” said Tony Ignaczak, President of Quad-C Management. “The WOLF brand is synonymous with quality, and the company’s reputation for integrity and service is unmatched in the industry.”
Added Thad Jones, a partner at Quad-C, “We’re backing a management team at WOLF that successfully navigated the company through both good and bad markets to produce a decades-long track record of innovation, customer service and quality. We’re looking forward to partnering with Craig and the rest of the management team to further drive growth through new product development and ongoing geographic expansion.”
The WOLF investment is the latest deal in the building products sector for Quad-C. Other past investments in the vertical include Service Partners, Acoustical Material Services, Generation Brands, Tandus Flooring and Interwrap, a global manufacturer of roofing underlayment and packaging solutions acquired by Quad-C in 2013.
WOLF provides kitchen and bath cabinetry and building materials, marketing and sales support and financial services to independent dealers in 33 states in the Eastern and Midwestern U.S. Since its founding in 1843, York, Pa.-based WOLF has evolved into a sourcing company that offers American-made, WOLF-branded products and other high-quality product lines. Learn more about WOLF at www.wolfleader.com and www.wolfhomeproducts.com
Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a middle market private equity firm focused on investing in well-established business services, consumer, general industrial, healthcare, specialty distribution and transportation/logistics companies. In its 25-year history, Quad-C has invested over $2 billion of equity across more than 50 companies. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value. www.quadcmanagement.com
Jen Dowd
BackBay Communications
617-556-9982, x225
Jen.Dowd@backbaycommunications.com