Littlejohn & Co. Provides Strategic Capital Investment for Great Day Improvements’ Acquisition of ELM Home & Building Solutions
2024年6月20日 - 10:18PM
ビジネスワイヤ(英語)
Littlejohn Has Been a Strategic Partner of
Great Day Since 2021
Littlejohn & Co., LLC (“Littlejohn”) announced today that it
has made a significant preferred equity investment in Great Day
Improvements (“Great Day”), a vertically integrated,
direct-to-consumer provider of premium home improvement products.
The proceeds from this structured capital investment will be used
to support Great Day’s acquisition of ELM Home & Building
Solutions, including its well-known brands, Englert® and
LeafGuard®.
“We are pleased to expand our relationship with Great Day by
supporting its continued growth initiatives, M&A, and strategic
expansion as the company further develops into a leading
direct-to-consumer home remodeling company,” said Steven Raich,
Managing Partner at Littlejohn. “We look forward to leveraging our
deep experience scaling home services businesses to help Great Day
further execute on its proven growth plan.”
“Littlejohn has served as a trusted resource as we accelerate
our strategic vision and we are grateful for their continued
support in this exciting next step in our evolution,” said Ed
Weinfurtner, Executive Chairman of Great Day. “We are pleased to
have a partner in Littlejohn that understands and values our
entrepreneurial mindset while providing robust resources for the
continued growth of Great Day.”
Littlejohn’s partnership with Great Day began in 2021 when Great
Day acquired Universal Windows Direct® and Champion Windows &
Home Exteriors®. Since that time, Great Day has continued to scale
through the opening of new branch locations and several
complementary acquisitions.
Littlejohn’s structured capital provides flexible solutions that
can be used for a range of purposes, including growth, M&A,
shareholder liquidity, and recapitalizations, and along with the
firm’s private equity and special situation activities provide a
wide range of solutions to middle-market companies.
About Littlejohn & Co.
Littlejohn & Co. is a Greenwich, Connecticut-based investment
firm focused on private equity and debt investments in growing
middle-market industrial and services companies that can benefit
from Littlejohn’s 25+ years of operational and sector expertise.
With approximately $7.9 billion in regulatory assets under
management, the firm seeks to build sustainable success for its
portfolio companies through a disciplined approach to engineering
change. For more information about Littlejohn, visit
www.littlejohnllc.com.
About Great Day Improvements,
LLC. Headquartered in Macedonia, Ohio, a suburb of
Cleveland, Great Day Improvements is a vertically integrated,
direct-to-consumer provider of premium home improvement products.
Great Day’s family of brands includes Patio Enclosures®, Champion
Windows and Home Exteriors®, Universal Windows Direct®, Apex Energy
Solutions®, Stanek Windows®, Hartshorn Custom Contracting, Your
Home Improvement Company, Home Performance Alliance, K Designers,
LeafGuard®, Englert® and The Bath Authority. Great Day has an
expanding workforce of 4,500 employees across 120 metropolitan
markets throughout the United States. The company has been ranked
as the fifth-largest home improvement company in the nation
according to Qualified Remodeler’s Top 500 list and is among the
fastest-growing private companies for a second consecutive
year.
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version on businesswire.com: https://www.businesswire.com/news/home/20240620414813/en/
Nathaniel Garnick/Grace Cartwright Gasthalter & Co. (212)
257-4170