Center Rock Capital Partners has sold the EverStrong Extrusions Business of Eastern Wholesale Fence to Oldcastle APG
EverStrong Extrusions
EverStrong Extrusions is a leading manufacturer of vinyl fencing and railing products in the eastern U.S. The company focuses on the residential outdoor living market and provides a broad variety of products, colors and sizes of profile shapes to suit customer needs and specifications. EverStrong Extrusions operates out of two strategically located facilities in Calverton, New York and Salisbury, North Carolina, and serves customers in numerous states, including New Jersey, Florida, Maryland, Georgia, New York and North Carolina. For more information, please visit https://everstrongprofiles.com/.
The Deal
Center Rock Capital Partners invested in Eastern Wholesale Fence in 2020. The shareholders engaged Lincoln to run a process to find a partner for the EverStrong Extrusions business while they retain and focus on growing and investing in the distribution side of the Eastern Wholesale Fence business. The partnership between EverStrong Extrusions and Oldcastle APG will strengthen the combined business’s presence along the East Coast and enable it to provide top-quality service and products to its customer base. Moving forward, there is a supply agreement in place between Oldcastle APG and Eastern Wholesale Fence.
Our Perspective
Scott Molinaro, Managing Director and co-head of Lincoln’s building products practice, commented, “We are thrilled for the Eastern team and look forward to following the Extrusion business’ continued success as part of the Oldcastle APG team.” Andrew Bauer, Director in Lincoln’s building products practice, added, “It was a pleasure working with the Eastern team to realize this successful outcome in the residential repair and remodel outdoor living market.”
Center Rock Capital Partners
Founded in 2017, Center Rock Capital Partners is a private equity firm that partners with industrial businesses with equity investments generally ranging between $25 million and $150 million. The firm specializes in control buyouts, corporate carve-outs, restructurings, recapitalizations, non-control structured equity, asset purchases and secondary debt purchases and invests in businesses headquartered in North America. Center Rock Capital Partners is headquartered in Chicago, IL. For more information, please visit https://www.centerrockcp.com/.
Eastern Wholesale Fence
Eastern Wholesale Fence is a leading distributor of fence, railing and related products throughout the Eastern United States. The company supplies a variety of high-quality vinyl, wood, chain link, aluminum and steel ornamental and welded mesh products for residential, commercial and industrial applications. For more information, please visit https://easternfence.com/.
Oldcastle APG
Oldcastle APG is a provider of outdoor living solutions in North America with an award-winning portfolio that enables customers to Live Well Outside. Its collection of premier building product brands include Belgard® and Echelon® hardscape and masonry materials; Barrette Outdoor Living® and MoistureShield® fencing, decking and railing; Sakrete® and Amerimix® packaged concrete and mortar; Techniseal® sands jointing technologies and surface protectors; PebbleTec® pool finishes; plus popular brands of landscape and gardening materials. For more information, please visit https://www.oldcastleapg.com/.
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