TorQuest Partners and Caisse de dépôt et placement du Québec have made a majority investment in Barrette Outdoor Living Inc., a Middleburg Heights manufacturer of wood-alternative fence and railing products.
TorQuest and CDPQ are partnering in this transaction with BOL's owner, Les Entreprises Barrette Ltée, who will retain a significant minority interest in the Company, and BOL's management team, led by CEO Jean desAutels. Terms of the transaction were not disclosed.
BOL manufactures and sells vinyl, aluminum and steel fence and railing; composite decking; and other outdoor products sold through specialty retailers, home centers and lumberyards. The company's scale, vertically-integrated operations, and broad portfolio of fence, railing and decking systems have driven a consistent history of distribution channel penetration and market share gains in its core outdoor living repair and remodeling market. BOL has also grown through acquisitions, which have expanded the company's geographic reach and built its product portfolio into the most comprehensive in the industry.
Moelis & Company LLC and PricewaterhouseCoopers Corporate Finance Inc. served as financial advisors to BOL on the transaction.