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 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 firstname.lastname@example.org for more information.
Windjammer Capital is a national private equity investment firm, based in Newport Beach, CA and Waltham, MA that invests control equity in middle‐market businesses and in partnership with management. Windjammer manages over $2 billion of committed capital with respect to its control equity investment strategy, and since its founding in 1990, has completed over 50 platform acquisitions and over 100 strategic add‐ons. The firm targets investments in companies that are leaders in attractive niche markets and share several of the following characteristics: significant and defensible market positions; differentiated products and services; strong management teams; scalable business models; identifiable growth opportunities; and consistent financial performance.