Merit Investment Bank & Co., a leading middle market investment bank, is honored to have served as exclusive advisor to Northwest Woodworks Inc. on its sale to Montbleau & Associates LLC, a portfolio company of Crescendo Capital Partners LLC
Merit Investment Bank & Co., a leading middle market investment bank serving clients globally, today announced that it has acted as the exclusive financial advisor to Northwest Woodworks Inc. in its sale to Montbleau & Associates LLC, a portfolio company of Crescendo Capital Partners LLC.
NWWI has been in operation for over 30 years, serving Washington state as the premier provider of highly customized commercial architectural woodwork and casework. Providing complete scope packages from its state-of-the-art facility, NWWI will continue to be the market leader in the Pacific Northwest region.
Nick DeVaney, president of Merit Investment Bank, commented, “The partnership of these two is a highly synergistic fit, and we are confident in their success moving forward. Through multiple years of external market forces, including the effects of COVID and softness in the broader market, NWWI continued to perform strongly — we do not expect that to stop.”
The combination of Montbleau’s scale and manufacturing reach and NWWI’s highly efficient operations and management team, together with the financial and operational backing of Crescendo, will create the regional leader in the commercial architectural woodworking industry serving the western U.S. The newly formed platform will play a significant role as the cornerstone commercial provider in the region for many years to come.
Merit Investment Bank leveraged its extensive knowledge of, and relationships within, the industry to effectuate a successful transaction. By carefully managing the deal process and with the flexibility, tenacity and creativity to pivot quickly when needed, Merit Investment Bank was able to navigate difficult market conditions and a tempered buyer universe to bring its client to the ideal buyer and transaction with favorable terms.
NWWI specializes in custom cabinetry and interior architectural woodwork for commercial projects such as office spaces, medical facilities and more. Their 24,000-square-foot state-of-the-art manufacturing facility in Woodinville, Washington, utilizes the latest CNC technology, bar coding and systems software to manufacture casework that reaches a variety of specifications. With their manufacturing process, NWWI has been able to design cost-effective solutions to various commercial casework challenges. Their success has been based on their team’s engineering and estimating knowledge, leadership in the field, reputations with contractors, and commitment to clients.
Montbleau, based in San Diego, is a professional team of approximately 280 craftsmen, project managers and engineers established by Ron Montbleau in 1980. The team is experienced and skilled in manufacturing architectural woodwork, corporate furniture and casework for large hospitality and commercial projects. Montbleau has facilities in San Diego; Las Vegas; San Jose, California; and Tijuana, Mexico.
Crescendo invests in middle market companies at inflection points, bringing capital and scaling skills to unleash latent growth potential. Crescendo has made ~13 acquisitions totaling more than $400 million (including add-ons) and has particular expertise in the construction trades, with 10 closed acquisitions. Crescendo has seven investment professionals in four offices, plus three professionals with operating skills.
About Merit Investment Bank
Merit Investment Bank is a leading boutique investment bank focused on serving middle market companies. Merit Investment Bank executes sell-side mergers and acquisitions, buy-side M&A, and capital advisory services with a specific emphasis on the technology, software, consumer, business services and manufacturing sectors. In addition, Merit Investment Bank offers other investment banking services such as debt and equity capital raises, restructuring advisory services, business valuations, and project financing through its subsidiary, Merit Investment Bank Securities, member FINRA/SIPC, a full-service broker-dealer licensed in 50 states.