NEW YORK and PETALUMA, Calif., July 27, 2022 /PRNewswire/ — Brightstar Capital Partners (“Brightstar”), a private equity firm focused on partnering with families, founders, entrepreneurs and management teams, today announced that it has signed a definitive agreement to invest in WindsorONE (“the Company”), a leading US manufacturer of high quality trim panels, mouldings, shiplap boards and other manufactured wood products for interior and exterior applications. The Company’s products primarily serve the rapidly growing repair and refurbishment market.
As part of the agreement, Brightstar will partner with Craig Flynn, owner and CEO of WindsorONE, to grow and grow the company’s business. Flynn and his management team will continue to lead WindsorONE into the future. Terms of the private transaction, which is expected to close in the third quarter of 2022, were not disclosed.
Founded in 1972 and based in Petaluma, California, WindsorONE is a family-owned company that is a leading manufacturer of handcrafted primed wood trim boards, mouldings, shiplap boards and other fabricated wood products for interior and exterior applications. The company manufactures 100% of its products in the United States at its facilities in Willits, California and Surry, Virginia, and uses a vertically integrated model to source raw materials. WindsorONE prides itself on its high quality products, offering its customers industry-leading warranties.
“We are impressed with WindsorONE’s culture of safety and quality, its dedicated employee base, and its reputation in the millwork industry for producing finely crafted products,” said Roger Bulloch, Partner at Brightstar. “Brightstar loves partnering with well-run family businesses like WindsorONE. We look forward to working with the CEO Craig Flynn and his team to strengthen the Company’s market position and seize numerous growth opportunities.”
“I am confident that the next chapter of WindsorONE will bring additional opportunities for our customers, our management team and our dedicated employees,” said Mr. Flynn. “We continue to see strong demand for our premium wood trim planks as the repair and remodel market grows. We made the decision to partner with Brightstar because their strategic expertise, operational experience and their capital investments will allow us to increase our supply capacity, improve our product range and solidify our position in this growing industry.”
WindsorONE was advised by legal counsel Butler Jeffer Mangels & Mitchell LLP and financial advisor Wells Fargo Securities, LLC. Brightstar was advised by legal advisor Kirkland & Ellis LLP and financial advisor Nomura Securities International, Inc.
Founded in 1972 and based in Petaluma, California, WindsorONE is a second-generation, family-owned company that is a leading manufacturer of hand-veneered trim boards, mouldings, shiplap boards and other fabricated wood products for interior and exterior applications. Its products primarily serve the steady and rapidly growing repair and refurbishment market. Using proprietary protective technologies and patented primers, the company manufactures 100% of its products in the United States at its facilities in Willits, California and Surry, Virginia, and uses a vertically integrated model to source raw materials. For more information, please visit https://windsorone.com.
About Brightstar Capital Partners
Brightstar Capital Partners is a middle-market private equity firm focused on investing in family businesses, founders or closely held entrepreneurs, where Brightstar believes it can generate significant value in management, operations and the strategic direction of the company. Brightstar employs an operationally intensive “us and us” approach that leverages its extensive experience and network of relationships to help businesses reach their full potential. For more information, please visit www.brightstarcp.com.
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SOURCE BRIGHTSTAR CAPITAL PARTNERS LP