Case Study:

Bolection Door - Exclusive Sale

Situation

• Consolidated Fiber, LLC of Greensboro, NC specializes in the production of medium density fiberboard (MDF) doors under the trade name Bolection Door.
• Due to its rapid growth, the company was operating near full capacity, and a sizable facility expansion was soon going to be required to support projected future growth.
• The owners were faced with the dilemma of either investing additional capital in the business, adding substantial debt or bringing in a strategic partner.

Objective

• The owner’s primary objective was to retain an interest in the business and thereby share any potential upside without putting all of their personal capital at risk.

Solution

• Matrix Capital was engaged to complete a Transaction Feasibility Assessment (TFA) to call potential investors and acquirors to determine the level of interest in the company.
• Based on the TFA feedback, Marshfield DoorSystems, Inc., a portfolio company of Wind Point Partners, expressed an interest in acquiring the company.
• Matrix structured and negotiated a sale of the business, including an arrangement for additional compensation based on future performance.