Valesco has announced the completion of its fifth platform investment in Valesco Fund III. The investment is in Five Lakes Manufacturing, a leading manufacturer of commercial and architectural wood doors based in Clinton Township, MI.
Since its founding in 1994, Five Lakes has achieved significant growth in its custom and stock door lines. This success is attributed to its commitment to superior quality, competitive lead times, and strong customer relationships. The company sells through a national distributor network that decades-long partnerships have strengthened.
Valesco is eager to collaborate with the selling shareholders to further enhance Five Lakes’ position as a market leader in the commercial and architectural wood door industry. The transaction involved a majority recapitalization of the business, in partnership with Brookside Capital Partners and the selling shareholders. Valesco is excited to work alongside Brookside and the management team to leverage Five Lakes’ history, market position, and growth potential.
Valesco continues to seek investment opportunities through equity and subordinated debt for various situations, including control buyouts, recapitalizations, minority investments, management buyouts, and mezzanine financing for Valesco Fund III. Five Lakes is an exemplary candidate for the fund as the firm aims to achieve the best outcomes for businesses, existing owners, and Valesco.
Support: Equity and subordinated debt capital for the transaction were provided by Valesco and Brookside, with Comerica Bank serving as the senior lender. Brown Gibbons Lang & Company Securities, LLC acted as the exclusive financial advisor to Five Lakes.
