GREENWICH, CT - January 5, 2011 - Brynwood Partners V L.P. announced today that it has sold its investment in Metro Door, Inc. to an undisclosed NYSE listed provider of specialized business services. The terms and conditions of the transaction were not disclosed.
Metro Door, headquartered in Great River, NY, is a leading provider of facility maintenance services to national retail and restaurant accounts in addition to designing and manufacturing retail security enclosures. Brynwood V acquired Metro Door in 2004 and over the past six years the company has experienced significant growth through new customer acquisitions and the introduction of facility services. Metro Door currently employs 130 people and its management team will remain with the company after the closing.
In announcing the sale of Metro Door, Robert Sperry, Chairman, Metro Door and Managing Partner, Brynwood V said, "We are grateful to Metro Door's management team and all its hard working employees who despite a challenging retail environment over the past few years, have successfully grown the business by focusing on quality execution, new services, and productivity improvements. We are pleased to place Metro Door into the hands of this highly regarded strategic buyer and wish them success with this fine company."
Robert W. Baird & Company served as the investment banking advisor to Metro Door.
About Brynwood Partners L.P.
Founded in 1984, Brynwood Partners is an operationally-focused private equity fund that makes control investments in lower middle market companies. Brynwood Partners targets companies operating in the following sectors: (a) consumer products, (b) light manufacturing with low capital intensity, (c) service businesses, and (d) specialty retailing.
Brynwood Partners is currently managing over $500 million of private equity capital for its limited partners who include U.S. and international pension funds, fund-of-funds, endowments, high net worth family investment offices and financial institutions. For more information on Brynwood Partners please visit www.BrynwoodPartners.com.