Dunes Point Capital announced it has acquired Greenwood Industries. Located in Worcester, Mass., Greenwood is a provider of aftermarket commercial roofing and building envelope services across diverse end markets and was named the 2023 Commercial Contractor of the Year.

Terms of the agreement were not disclosed.

Greenwood has 11 locations across Massachusetts, Connecticut, Rhode Island, New Hampshire, and New York and employs approximately 800 people. 

"Our mission has always been to deliver unparalleled roofing and building envelope solutions while nurturing a culture that puts family and craftsmanship first," said David Klein, CEO of Greenwood Industries and TWC Phoenix. "This partnership not only provides the resources to fuel our next growth phase but also reaffirms the values that have defined us for decades."

Greenwood Industries and TWC Phoenix deliver commercial roofing, waterproofing, masonry, maintenance services, and architectural metal solutions. The company said in a news release that partnering with DPC positions Greenwood and TWC Phoenix to accelerate organic growth, pursue strategic acquisitions, and continue creating meaningful jobs throughout the region.

Dunes Point Capital provided the controlling equity for the transaction. The debt for the transaction was provided by Adams Street Partners, as Lead Arranger and Administrative Agent, and StepStone Group. 

Kirkland & Ellis LLP served as legal advisor to DPC, and Alvarez & Marsal Global Transaction Advisory Group served as financial advisor to DPC. Deloitte Corporate Finance LLC served as the financial advisor to Greenwood.