Greenwich , CT - December 2, 2004 - Brynwood Partners L.P. ("Brynwood"), a private investment firm, announced today it has acquired Metro Door, Inc., a manufacturer of security enclosures and a provider of incident-related repair services to leading national retailers. Metro Door is headquartered in Hauppauge, NY and has a manufacturing facility located in Lewisburg, TN. The terms of the transaction were not disclosed.
"We were attracted to Metro Door and its service division, USA Facilities Maintenance ("USAFM") because of its strong position in security doors and outstanding reputation among its customers for their 24 / 7 emergency repair services," said Robert Sperry, a Managing Partner of Brynwood. "It is a fast-growing company with a highly motivated and customer-focused management team. We look forward to supporting Metro Door, both financially and operationally, in their efforts to become a larger force in this industry."
Henk Hartong, Jr, Senior Managing Partner of Brynwood said, "We are excited to make Metro Door the first investment of our latest fund, Brynwood Partners V L.P. This investment fits our strategy of investing in the light industrial manufacturing and business services sectors. Metro Door provides a strong business platform to build upon, and we look forward to working with President/CEO Scott McDermott and his team".
About Metro Door
Metro Door, Inc. is a manufacturer of premium quality security enclosures including rolling and sliding grills, rolling service doors and counter shutters. The Company's service division, USAFM, has a proprietary network of field technicians that repair and replace all types of doors as well as provide glass replacement and general handyman services. USAFM has become a leading participant in the facility maintenance market by providing superior customer service, 24 hour availability and rapid response time anywhere in the country. The company was sold to Brynwood by an entity formed by Strategic Investments & Holdings and Management. For more information, please visit www.Metrodoor.com.
About Brynwood Partners
Founded in 1984, Brynwood Partners is a private equity fund which invests in lower middle market companies over a long-term horizon targeting consumer products, light industrial manufacturing, specialty retailing and business services. The principals of Brynwood have made investments in 17 portfolio companies and have successfully partnered with management and owners who want to continue to run their businesses but need the financial and operating partner support Brynwood uniquely provides. Brynwood Partners is based in Greenwich, CT. For more information, please visit: www.BrynwoodPartners.com.