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Publish Date : 29-Jun-2012

Henry Company, a leading manufacturer of roofing and building envelope products and systems, has been acquired today by an investor group led by the private equity firm Graham Partners and certain other co-investors including the private equity firm OceanBridge Partners, members of current management, and the Company’s former owners.

With one of the largest manufacturing footprints in North America, Henry supplies roof coatings and cements, air and vapor barriers, underlayments, waterproofing products, spray foam, green roofing systems, and other building and do-it-yourself products. Henry also is a supplier of wax and asphalt emulsions for a variety of OEM applications. Henry’s products are critical for managing the flow of water, air, and vapor through the building envelope, from foundation to roof, improving the structure’s energy efficiency, sustainability and livability. Henry’s business is supported by one of the best recognized set of brands in North America including Henry® (roof cements and coatings), Bakor® (building materials), Blueskin® (air and vapor barriers), Aqualite® (wax emulsions), Black Knight® (roof coatings and driveway sealer) and Permax® (spray foam).

Graham Partners and the co-investors acquired Henry from the private equity firm AEA Investors and other minority shareholders. Terms of the transaction are not being released.

“Under very capable leadership, Henry delivered solid performance over the past several years in spite of the difficult market environment,” stated Rob Newbold, Managing Principal at Graham Partners. “We look forward to working actively with management to enhance Henry’s leadership in building envelope systems through the development of innovative, high performance building solutions and the ongoing commitment to sustainable, profitable growth aided by the resources we have to offer at Graham.”

Brian Strauss will remain President and Chief Executive Officer of Henry, and the existing senior management team will continue to lead the Company following the transaction. “Henry is a proven leader in innovative building envelope solutions. Our team’s highly developed understanding of the market has enabled us to develop new products to better serve customers’ needs. We are enthusiastic about the partnership with Graham and look forward to working together,” said Brian Strauss. “Also, we wish to sincerely thank AEA Investors for their collaboration as we have worked together to grow Henry since their acquisition of the Company in 2005.”

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