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Windjammer Capital Investors has been awarded "Middle Market Firm of the Year: North America" in two consecutive years, 2011 and 2012, by DealMakers Monthly magazine.

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Jul, 2013 - Windjammer closes first deal of Fund IV with the acquisition of Component Hardware Group, Inc.


Windjammer Capital Investors ("Windjammer") is pleased to announce its acquisition of Component Hardware Group, Inc. ("Component Hardware" or the "Company"), a leading supplier of mission critical hardware components and plumbing products to the foodservice equipment industry. Windjammer partnered with management to acquire the business from Liberty Partners, providing a combination of equity and subordinated debt to complete the transaction.

 

Headquartered in Lakewood, New Jersey, with additional facilities located in the Netherlands, Taiwan and China, Component Hardware offers nearly 10,000 SKUs across its portfolio of ten product families and four proprietary brands. The Company is a strategic partner for its customers providing both industry leading service levels as well as the broadest product line available.

 

“Component Hardware provides mission critical parts and accessories to a wide range of customers who depend on the Company to supply high quality components in a short timeframe,” said Greg Bondick, Managing Director at Windjammer, who led the transaction for the firm. “We are excited to partner with management to support the Company’s growth initiatives, which include both domestic and international organic opportunities, as well as strategic add-on acquisitions.”

 

“Windjammer is exactly the type of partner we were hoping for,” said Harry Franze, CEO of Component Hardware. “The resources Windjammer provides and its successful track record of working with portfolio companies and management teams makes us confident that we will be able to execute on our plan for accelerated growth in the future.”

 

Component Hardware is the first platform investment in Windjammer’s recently raised $726 million Senior Equity Fund IV.  “Component Hardware is a great example of the profile of business that Windjammer seeks to invest in,” said Costa Littas, Managing Principal of Windjammer. “The Company is a niche market leader providing significant value to its customers through an ability to supply a combination of high-mix, low-volume product quantities on a just-in-time basis, which is unique in this industry.”

 

Houlihan Lokey advised Liberty Partners in their sale of Component Hardware.

 

Greg Bondick, Craig Majernik, Caleb Clark and Spencer Allen worked on the transaction for Windjammer. Greg Bondick can be reached at 781-530-9121 or gbondick@windjammercapital.com for more information.

 

ABOUT WINDJAMMER CAPITAL INVESTORS

Windjammer Capital Investors, with offices in Newport Beach, California and Waltham, Massachusetts, is a national private investment firm that makes control and non-control investments in leading middle market businesses in partnership with management. Founded in 1990, Windjammer's institutional funds total roughly $2.0 billion of capital. Windjammer is currently investing out of its Windjammer Senior Equity Fund IV with capital commitments in excess of $725 million. In its history, Windjammer has closed on portfolio company investments with an aggregate value of approximately $5 billion.

"We were very fortunate to have Windjammer as our partner. Their expertise in working with niche-oriented, leading companies in the middle market, as well as their strategic guidance and resources were valuable to us as we expanded the business."



Dale Schulz, CEO
ST Specialty Foods