CINCINNATI--(BUSINESS WIRE)--Senneca Holdings (“Senneca”) announced it has acquired Enershield Air Barriers. Headquartered in Edmonton, Alberta, Canada, Enershield engineers, manufactures and sells air barrier equipment that uniquely controls the flow of air between the building and outside to minimize energy loss and to create a barrier for insect and dust control. These products are widely used in retail, restaurant, commercial, and industrial applications and will continue to be manufactured in Canada.
Headquartered in Cincinnati, Ohio, Senneca is a specialty custom door manufacturer providing solutions to the retail, restaurant, supermarket, pharmaceutical, food processing, waste water treatment, hospital, medical, and other diversified commercial and industrial end markets. Since Audax’ initial investment in 2014, Senneca has completed five acquisitions, diversifying the company’s product offering, broadening its manufacturing capabilities and its’ geographic footprint.
Jeffrey Stark, Chief Executive Officer of Senneca, stated, “We are excited to add the Enershield product line to the Senneca offering. We are striving to become the one-stop-shop for retail, commercial, and industrial specialty doors and believe the addition of this technology brings us one step closer to this goal and broadens our product offering. We are constantly looking for ways to add value to the customer and this product delivers through energy savings, dust and insect control, reduced equipment maintenance and increased employee comfort. We look forward to bringing this solution to our customers.”
Michael Launer, founder of Enershield, said, “Adding our brand to the other high quality brands associated with Senneca will accelerate our growth plans by leveraging their sales organization and customer base and expanding our footprint in the United States.” Mike will stay on with Senneca to help oversee the sales growth of this product line.”
ABOUT SENNECA HOLDINGS
Founded in 1932, Senneca is a leading
manufacturer and distributor of specialty doors for diverse and growing
end markets that require custom doors with the shortest lead times.
Senneca’s superior design and breadth of specialty doors allows Senneca
to offer its customers custom products in the shortest lead times.
Senneca’s family of brands are supported by nine manufacturing
facilities and one corporate office. For more information about Senneca,
visit www.senneca.com.
ABOUT AUDAX PRIVATE EQUITY
Since its founding in 1999, Audax
Private Equity has been focused on building leading middle market
companies. Through its disciplined Buy & Build approach, Audax seeks to
help platform companies execute add-on acquisitions that fuel revenue
growth, optimize operations, and significantly increase equity value.
Audax Private Equity is an integral part of Audax Group, an alternative
asset management firm specializing in investments in middle market
companies. With offices in Boston, New York, and Menlo Park, Audax Group
has over $10 billion in assets under management across its Private
Equity, Mezzanine, and Senior Debt businesses. For more information,
visit the Audax Group website at www.audaxgroup.com.