Ridgemont Equity Partners announced the closing of a majority equity investment in The Cook & Boardman Group, a specialty distributor of commercial metal and wood doors, door frames, door hardware, and related products. Financial terms of the transaction were not disclosed.
Ridgemont said debt financing partners for this transaction included GE Antares, Ally Corporate Finance, SunTrust Bank, PNC Bank and Triangle Capital.
Piper Jaffray served as exclusive financial advisor to Cook & Boardman. Advisors for Ridgemont included K&L Gates and SunTrust Robinson Humphrey.
Cook & Boardman is headquartered in Winston-Salem, North Carolina, and operates twenty locations across eight states. The Company serves the non-residential construction market, including the education, municipal, healthcare, commercial, office, multi-family, and hospitality sectors.
Charlotte, NC-based Ridgemont Equity Partners is a middle market buyout and growth equity investor.