The Riverside Co. has acquired Woon-Tech, a Boston-based manufacturer of specialty glass for shower enclosures and other residential and commercial applications. Woon-Tech is an add-on to Riverside’s Cardinal platform, and is expected to complement the latter’s product portfolio and expand its geographic footprint. “With quick lead times, expansive capabilities and consistent quality, Woon-Tech has quickly developed a strong reputation in the Northeast,” said Riverside Managing Partner Suzy Kriscunas. “We’re excited to help expand Cardinal’s product portfolio and bolster its presence in the region with this new add-on.” “We are excited to add Woontech’s top notch management team and facility to the Cardinal family,” said Riverside Partner Hunter Peterson. “This is the best architectural glass company in New England. We are thrilled to be working with them as we grow our business.” Working with Kriscunas and Peterson on this deal were:
- Vice President Jason Fulton
- Senior Associate Harrison Petts
- Associate Tom Wyza
- Operating Partner Tom Anderson
- Partner Anne Hayes assisted with financing
- Origination Director Matt Delly helped source the add-on
Jones Day and KPMG supported the transaction as the legal counsel and accounting advisor, respectively. Antares and John Hancock provided incremental financing for the acquisition.