CHARLOTTESVILLE, Virginia, March 15, 2021 / PRNewswire / – Quad-C Administration, a Main Mid-Market Personal Fairness Agency, Right now Introduced the Completion of the Acquisition of SEI Group LLC (“SEI” or the “Firm”) from Slim Gauge Capital. SEI is a number one distributor and installer of residential constructing merchandise within the single-family and multi-family residential markets of the South East. Moreover, the corporate introduced that insulation business veterans, Joe carrington and Sean cusack, joined the Firm as CEO and CFO, respectively, to pursue a technique of aggressive consolidation within the sector. Amongst quite a lot of roles in his distinguished profession, Joe served as the previous CEO of Service Companions, the nation’s largest insulation distributor, from 1998 to 2004. Following his stint at Service Companions, Joe served as vice-president. Govt Chairman – Insulation for Masco Companies Group and has served on the SEI Board of Administrators since 2016. Sean has additionally held a number of positions at Service Companions together with President, CFO and Chief Human Assets Officer for a interval of 17 years.

Based in 2008 by Matt Hopkins and Eric Cunningham and primarily based at Atlanta, Georgia, SEI primarily installs fiberglass and spray foam insulation and provides a variety of ancillary merchandise together with fireplaces, storage doorways, gutters, door {hardware}, mirrors, closet cabinets and toilet equipment. The corporate was constructed by a mixture of natural progress and strategic acquisitions, which has broadened SEI’s footprint in engaging markets equivalent to Florida, North Carolina, Caroline from the south and Tennessee. Notably, SEI acquired American Residential Merchandise (“ARP”), a market chief Florida, in October 2020. The corporate is at present managed by Matt, Eric, Keith Reineke, Jeff vaughn and Jim vaughn (collectively, the founders of ARP) and Trent Johnson (Chief Working Officer), who will proceed to imagine his present management function in partnership with Quad-C. Every of the principle executives retained a major stake within the firm.

Building merchandise have lengthy been an space of ​​focus for Quad-C, and SEI represents Quad-C’s eleventh funding within the business and second funding within the insulation section particularly. In 1998, Quad-C teamed up with the founders of Service Companions to construct, by an aggressive consolidation technique, what finally grew to become the most important distributor of residential fiberglass insulation in United States.

“We’re delighted to associate with Quad-C to execute SEI’s progress technique,” mentioned Mr. Carrington. “We consider there’s a large alternative to speed up our progress by buying profitable, well-managed companies that share our dedication to sustaining an entrepreneurial tradition. We consider Quad-C’s dedication to rising the corporate, associate to the perception, expertise and connections of the corporate. throughout the development merchandise business, Quad-C is the perfect associate for SEI. ”

“We now have been impressed with the whole SEI management staff and the success they’ve achieved to this point,” mentioned Thad jones, Accomplice at Quad-C. “SEI is an ideal match for Quad-C as we glance to associate with the best-in-class operators and help their subsequent part of progress. We share administration’s enthusiasm for the partnership and the prospects for SEI.”

“Since our partnership with the SEI staff in 2016, the corporate has made outstanding progress,” mentioned Adam doctoroff, Accomplice at Slim Gauge. “Via 5 strategic acquisitions, SEI has grown from a single location to Atlanta to a footprint throughout the Southeastern United States. We’re grateful to the staff for his or her arduous work in creating the enterprise and we want them each success as they embark on the following step of their growth technique. ”

“We see SEI as a really perfect platform to construct a nationwide enterprise,” mentioned Matt Trotta, Vice President at Quad-C. “We’re delighted to have the chance to associate with the SEI staff to execute our collective technique and construct a number one nationwide installer of specialty insulation and development merchandise.”

Winston & Strawn acted as authorized advisor to SEI in reference to the transaction and Croft & Bender acted as monetary advisor to SEI. Gibson Dunn & Crutcher served as authorized counsel to Quad-C.

Phrases of the funding weren’t disclosed.

About Quad-C

Based in 1989 and primarily based in Charlottesville, Virginia, Quad-C is a mid-market non-public fairness agency targeted on investing in well-established corporations in enterprise and client companies, healthcare, industrials, specialty distribution, and transportation / logistics. . Throughout its three a long time of historical past, Quad-C has invested greater than $ 3 billion capital in additional than 70 platform corporations. The Quad-C staff is dedicated to partnering with entrepreneurs and administration groups to speed up progress and create long-term worth. Study extra about Quad-C at www.quadcmanagement.com.

About SEI Group

SEI Group distributes and installs specialised insulation and development merchandise within the single-family and multi-family residential markets. The corporate offers the most effective ranges of service to SEI prospects, together with customized and nationwide dwelling builders all through the South East. For extra data, please ship an electronic mail to [email protected]

About Slim Gauge Capital

Slim Gauge Capital is a non-public fairness agency shaped by a gaggle of pros who’ve beforehand invested with Monitor Clipper Companions. It often invests between $ 20 million and $ 75 million fairness in transactions the place an present founder or household retains a major stake and companions with NGC to stimulate additional improvement of the enterprise. NGC at present conducts transactions in areas the place it has specialised experience, together with healthcare companies, monetary companies expertise, development merchandise, distribution and logistics.

MEDIA CONTACT

Thad jones

Accomplice

434-979-2070

[email protected]

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SOURCE Quad-C Administration, Inc.