Charlottesville, VA – Quad-C Management, Inc. (“Quad-C”), a leading middle market private equity firm, today announced it has completed the sale of its investment in Wolf Home Products (“Wolf” or the “Company”), a leading provider of branded kitchen and bath cabinetry, vanities, and accent tiles, as well as outdoor living and specialty building products. Terms of the deal were not disclosed.
Founded in 1843, Wolf is an innovative design, sourcing, and distribution business offering a fast-growing line of Wolf-branded products along with other complementary category-leading brands. The Company focuses on large, attractive product categories including kitchen and bath cabinetry, bath vanities, and outdoor living products, as well as synthetic exterior trim, decking, and railing for single- and multi-family residential applications served through multiple channels in the building industry.
“We could not have had better partners in Craig Danielson and the entire team at Wolf,” said Thad Jones, Partner at Quad-C. “We are proud to have supported the Wolf team’s strategy in creating a high growth platform and one of the most exciting in the building products industry. The Company’s rapid growth during our investment was driven by a focus on Wolf-branded products, successful new product launches, and executing geographic and channel expansion. Quad-C is honored to have been involved in this phase of the Company’s history, and we wish Wolf and its talented team all the best for the future.”
“It has truly been a pleasure to work with and help the Wolf team achieve its objectives over the last four and a half years,” said Michael Brooks, Principal at Quad-C. “In addition to successfully executing on its growth plan, the team at Wolf solidified the Company as an industry leader through continued investment in its distribution service network, technology platform and supplier base, while maintaining its strong tradition and culture. All of us at Quad-C look forward to watching the Company’s ongoing success in the years ahead.”
“At the outset of our partnership, Quad-C and Wolf shared a common vision and growth strategy that was successfully executed upon during our time together,” said Craig Danielson, Chief Executive Officer of Wolf. “Quad-C helped us strategically plan for this growth, supported its execution and helped position Wolf for continued successful growth for years to come. We have sincerely valued the partnership and collaboration with the Quad-C team and thank them for their support and guidance.”
Fidus Partners acted as financial advisor to the Company in connection with the transaction.
Founded in 1843 and headquartered in York, PA, Wolf Home Products is a leading provider of kitchen and bath, outdoor living and building products, serving multiple channels in the building industry. Wolf provides dealer-direct delivery service, with best-in-class lead times through a sophisticated distribution network, with highly efficient logistics management systems. Please visit www.wolfhomeproducts.com for more information.
Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a middle market private equity firm focused on investing in well-established business services, consumer, general industrial, healthcare, specialty distribution, and transportation / logistics companies. In its nearly three-decade history, Quad-C has invested over $3 billion of capital in over 65 companies. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value.