October 6, 2016
American Securities Completes Acquisition of Henry Company
American Securities LLC, a leading U.S. private equity firm, today announced the closing of its acquisition of Henry Company, LLC ("Henry" or the "Company") in partnership with the Company's management team. Henry is a leading North American manufacturer of energy efficient building envelope solutions. Financial terms of the transaction were not disclosed.
Henry's building envelope solutions are critical for managing the flow of water, vapor, and air through the entire building envelope. Henry is headquartered in El Segundo, California, with offices and manufacturing facilities throughout the United States and Canada.
Frank Ready, President and Chief Executive Officer of Henry, commented, "Henry has a strong history of growth. We are excited about our new partnership with American Securities to continue investing in new product development and market expansion."
"We are pleased to partner with Frank and the rest of the Henry management team to continue to enhance their leading position in the energy efficient building envelope solutions market," said Scott M. Wolff, a Managing Director of American Securities. "The Company's innovative product development, brand recognition, and long-standing customer relationships make Henry a strong fit for our investment strategy."
Weil, Gotshal & Manges LLP served as legal counsel to American Securities, and Dechert LLP served as legal counsel to Henry with respect to the transaction. Moelis & Company acted as financial advisor to the Company with respect to the transaction.
