SVPGlobal, a global investment firm, has completed its acquisition of Associated Materials, a vertically integrated building products firm. The deal was originally announced on January 31st, 2022.
Associated Materials provides vinyl windows, vinyl cladding and metal siding and trim and has $1.6 billion in annual revenues. The firm additionally owns leading brands like Gentek, Alpine, and Preservation. The firm operates with 4,400 employees across its supply centers and 11 manufacturing facilities.
“The Associated Materials team is excited to partner with SVPGLOBAL as we further invest in growing our business and continue to provide best-in-class products and service to our customers,” added Associated Materials president & CEO, Brian Strauss. “We are proud of what our team has been able to accomplish in building Associated Materials into the company it is today and look forward to continuing to generate value and achieve strong financial results.”
Moelis & Company LLC acted as financial advisor to the Company while Schulte, Roth and Zabel LLP served as the Company’s legal counsel. Rothschild & Co acted as exclusive financial advisor to SVPGlobal, and Milbank LLP provided legal counsel. Funds managed by SVPGlobal now own 100 percent of Associated Material’s equity. Financing for the transaction was led by RBC and Credit Suisse, with UBS, KKR Capital Markets, Macquarie, BMO and PNC participating. Kirkland & Ellis provided legal counsel to SVPGLOBAL in regards to its financing.