Trimlite Equity, L.P., a Wynnchurch Capital portfolio company, announced that it has acquired Francis-Schulze Company (“F-S” or “Francis-Schulze”). Members of the Francis and Schulze families will continue as shareholders in Trimlite. Financial terms were not disclosed. Francis-Schulze is a leading value-added distributor of exterior door products and hardware. Founded in 1957 and headquartered in Russia, Ohio, Francis-Schulze has developed a strong presence across the Ohio Valley by providing high quality products and value-added services to its diverse network of customers.
“I’d like to thank the Francis and Schulze families for their decades-long stewardship of this high-quality company. Ken and the families have built a wonderful distribution company and their values complement ours. We look forward to supporting Francis-Schulze in their next phase of growth,” said Patrick Hooper, CEO of Trimlite.
“As we started to plan for the next chapter for Francis-Schulze, we felt that Trimlite was the best fit for our people, our customers, and our suppliers,” said Ken Francis, President of the Francis-Schulze division of Trimlite. “Their commitment to service, quality, and their industry expertise gave us a confidence that Francis-Schulze will be in great hands as the business continues to grow.”
“Wynnchurch welcomes Francis-Schulze to the our team. We are excited to partner with Ken and Francis-Schulze to continue to grow their business,” said Brian Crumbaugh, Partner at Wynnchurch. Francis-Schulze is the second acquisition by Trimlite since Wynnchurch Capital acquired Trimlite.
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