NORCROSS, Ga. and GREENWICH, Conn. — OmniMax International and funds managed by Strategic Value Partners LLC and its affiliates, a global investment firm with approximately $10 billion of assets under management, announced that SVPGlobal has completed its acquisition of OmniMax.
OmniMax is a leading national manufacturer of residential roof drainage systems and a top supplier of products for outdoor living, recreational vehicle, and other building end markets with 2019 sales of approximately $700 million. As America's market leader in the residential roof drainage market, OmniMax has unrivaled scale, top brands such as Amerimax and Berger, and longstanding relationships with the nation's largest home center retailers and building product distributors.
"The OmniMax team is excited to partner with SVPGlobal as we invest further in expanding our markets and developing our product portfolio in order to provide our customers with the best-in-class products and service for which we are known," said Richard Brown, OmniMax president and CEO.
OmniMax's high-growth outdoor living business is a manufacturer of outdoor shade and exterior structures through brands such as Equinox, Alumawood, and Knotwood. OmniMax's commercial segment supplies made-to-order metal roofing, wall panels, and architectural products for large, custom jobs under the Fabral and CopperCraft brands.
"We are focused on supporting OmniMax as it takes its business to the next level," said Victor Khosla, SVPGlobal's founder and chief investment officer. "The company is distinguished by a unique competitive position as the number one U.S. producer of drainage systems that protect and enhance residential buildings, a growing market which is benefiting from increased consumer focus on the home."
SVPGlobal now owns 100% of OmniMax's equity. Financing for the transaction was led by KKR with GSO, Credit Suisse's Credit Investments Group, and PNC Business Credit participating.