Ridgemont Equity Partners Buys Cook & Boardman For Undisclosed Terms

(RTTNews) - Ridgemont Equity Partners, a middle market buyout and growth equity investor, announced Tuesday the closing of a majority equity investment in Cook & Boardman Group, a specialty distributor of commercial metal and wood doors, door frames, door hardware, and related products. Financial terms of the transaction were not disclosed.

Separately, Triangle Capital Corp. (TCAP), a provider of capital to lower middle market companies, announced that it closed an investment in The Cook & Boardman Group consisting of subordinated debt and equity.

Winston-Salem, North Carolina-based Cook & Boardman also offers access control devices and specialty products. It operates twenty locations across eight states.

Rob Edwards, Partner at Ridgemont, said, "Cook & Boardman fits our investment profile as the Company is the clear market leader and provides value-added services in the commercial door distribution supply chain. We're pleased to have the opportunity to partner with CEO Chuck Hummel and his team on Cook & Boardman's next phase of growth."

In the deal, Piper Jaffray & Co. served as exclusive financial advisor to Cook & Boardman. Advisors for Ridgemont included K&L Gates and SunTrust Robinson Humphrey, Inc.

Debt financing partners for this transaction included GE Antares, Ally Corporate Finance, SunTrust Bank, PNC Bank and Triangle Capital.