VRA Partners, LLC is pleased to announce that Union Corrugating Company (“Union” or the “Company”), a leading manufacturer and distributor of metal roofing systems and a portfolio company of Chicago Growth Partners (“CGP”), has been acquired by Industrial Opportunity Partners (“IOP”). VRA Partners acted as the exclusive financial advisor to Union and CGP. Terms of the transaction were not disclosed.
Union is a leading manufacturer of metal roofing systems and roofing components. The Company is based in Fayetteville, North Carolina with 10 additional low-cost, efficient manufacturing and distribution facilities located throughout the Southeast, Mid-Atlantic and Midwest U.S. Union has approximately 280 employees spanning its 11 facilities. Union’s products are used in residential, commercial and post frame/agricultural applications. The Company serves over 1,200 customers in over 30 states through a diverse range of channels, including home centers, lumber retailers, wholesalers, and contractors.
Industrial Opportunity Partners, an Evanston, IL based private equity firm with $460 million of committed capital since inception, is dedicated to creating value through investing in manufacturing and value-added distribution businesses with sales between $30 million and $350 million. IOP focuses on businesses with strong product, customer and market positions and provides management and operational resources to support sales and earnings growth at its businesses.
VRA Partners, an independent Atlanta-based investment bank, focuses on providing M&A services to leading middle-market companies and private equity firms. VRA Partners also assists companies with raising capital for growth, acquisitions, recapitalization, going-private and management buy-out transactions, and provides fairness opinions, valuations and strategic advisory services. The professionals of VRA Partners have completed more than 550 transactions across a broad range of industry sectors, including consumer and retail, business services, healthcare services and technology, industrial products and services, and technology and communications. VRA Partners, LLC is a Member FINRA/SIPC. For more information, please visit our website at www.vrapartners.com.