An affiliate of private equity investor Sun Capital Partners has completed the acquisition of Arrow Tru-Line (Arrow), a manufacturer and distributor of garage door hardware and fittings. Terms of the private transaction have not been disclosed.
Founded in 1970, Arrow Tru-Line has built its brand on providing a wide range of high-quality products for both residential and commercial customers. The Archbold, Ohio-based Company currently operates two plants and four distribution centers in the US and Canada.
“Our investment in Arrow Tru-Line is an exciting opportunity for Sun Capital to leverage its resources and expertise to drive growth,” says Marc Leder, Co-CEO at Sun Capital. “We are looking forward to working with Management to further expand Arrow’s market share.”
Arrow Tru-Line is the leading independent manufacturer and supplier of critical hardware components for the U.S. sectional overhead door market. The Company sells to OEMs, dealers, and distributors. Sun Capital sees considerable potential to grow the business through maximizing operational efficiencies and reducing procurement costs.
“Arrow Tru-Line’s position as the leading player in this space is a testament to the quality of the products, high level of customer service, and hard work of the Company’s entire organisation,” says Jeremy Stone, Managing Director at Sun Capital. “We’re excited to partner with them to support and accelerate the Company’s success.”
Sun Capital has strong experience in related industrial manufacturing and distribution sectors through current affiliated portfolio companies including Demilec, the North American leader in spray polyurethane foam insulation; Bundy Refrigeration, a manufacturer and supplier of fluid carrying cooling system components for the domestic refrigeration industry, and Flexitech, the leading global designer and supplier of high quality brake hose products for the automotive industry.
