Haynes Boone represented Dallas-based private equity firm Valesco Industries in its majority investment in Five Lakes Manufacturing, a U.S. producer of commercial and architectural wood doors. The transaction marks the fifth platform investment for Valesco Fund III and supports Five Lakes’ continued expansion in the national building products market.
Brookside Capital Partners joined as a co-investor alongside the selling shareholders, with Comerica Bank providing senior financing.
“Five Lakes is the perfect example of a market-leading manufacturing business that thrives with patient capital and operational support,” Brent Beckert, mergers and acquisitions partner at Haynes Boone, said. “We are proud to support Valesco in advancing its strategy and helping a proven manufacturer scale in a competitive sector.”
Beckert and finance partner Sakina Foster led the deal team, with support from M&A associates Ryan Ward and Ethan Moore, finance counsel Karina Oshunkentan and associate Remya Menon.
The Haynes Boone deal team had support from a cross-disciplinary group, including:
- Labor and Employment Partner Raquel Alvarenga
- Employee Benefits Partner Scott Thompson
- Tax Counsel Danielle Marr
- Environmental Partner Mary Mendoza
- IP and Data Privacy Partner Gavin George
- Real Estate Partner Brad Holdbrook and Associate Molly Schultz
