Henry Company Acquired by Investors Led by Graham Partners

Henry Company 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. 

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.L.E.K. Consulting acted as commercial advisor to Graham Partners on Henry and we have supported Graham in many prior investments. L.E.K. Consulting had a team of nine professionals co-led by Rob Rourke, Peter McKelvey and Chris Rule.

Rourke commented: “Henry has a broad array of products across a range of building products categories and channels and is a leader in many of these segments. 

The commercial assessment required a detailed investigation of how each segment would likely perform in the future based on macro trends like housing recovery and energy efficiency, as well as Henry’s competitive position and performance vs. these trends and drivers. 

It was a great deal of work to sort it all out, but we were able to work through it with the help of Graham and OceanBridge and the collaboration with the Henry leadership team. We believe the partnership between Graham, Henry and OceanBridge will be a great success. 

The company is positioned for strong growth, building off of leading brands and a talented leadership team.”