October 21, 2020
Croft & Bender Serves as Financial Advisor to American Residential Products in its Sale to SEI Group, a Portfolio Company of Narrow Gauge Capital
Croft & Bender, an Atlanta-based investment banking firm, is pleased to announce the successful sale of its client, American Residential Products (“ARP” or the “Company”), to SEI Group (“SEI”), a portfolio company of Narrow Gauge Capital.
Headquartered in Orlando, FL, with branches throughout the state, ARP is a leading installer of a wide variety of residential building products for builders and general contractors in the single-family and multi-family residential construction markets in Florida. The Company has a diverse range of offerings, including insulation, shower surrounds, closet shelving, and mirrors. ARP was founded in 2006 and has quickly grown to become a highly recognized, trusted partner, and market leader in the Florida building sector.
Croft & Bender served as the exclusive financial advisor to ARP on the transaction. "Croft & Bender has been a highly valued and trusted advisor throughout the transaction process. Their expertise and diligent efforts effectively prepared and positioned the Company at each stage and were critical in achieving a highly successful outcome for our shareholders, employees, and customers. Their experience and relationships enabled ARP to consummate an attractive transaction in the midst of the COVID-19 Pandemic," said ARP CEO, Jeff Vaughn.
“We thoroughly enjoyed the opportunity to advise the ARP team throughout the deal process. They have built a highly competitive and rapidly growing business, and SEI is the ideal partner to enable ARP to continue to generate outsized value accretion through its next phase of growth,” commented Bo Briggs, Managing Director at Croft & Bender.