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Nolan & Associates is pleased to announce that it exclusively advised CHI Overhead Doors in its sale to Long Point Capital

Decatur, IL (Aug. 31, 2002) – Nolan & Associates is pleased to announce that it exclusively advised CHI Overhead Doors, Inc. (CHI) in its sale to Long Point Capital.

Our Client: CHI Overhead Doors

  • CHI Overhead Doors, based in Arthur, IL, is a garage door manufacturing company.
  • The Company was the sixth largest garage door manufacturer in the United States.
  • CHI had reinvested all earnings to fuel a tremendous nine year growth trend from $1.7 million to $100 million.

Objectives of CHI Overhead Doors

  • CHI initially entertained investment banking proposals from firms on Wall Street, but ultimately selected Nolan due to its Midwestern roots and values.
  • The owners engaged Nolan with the goal of turning the company value into cash.
  • The owners desired to not to have Nolan approach any established players in the garage door manufacturing space in order to preserve their “magic” from their competitors.

Solution: Sale to Long Point Capital

  • Nolan marketed CHI’s tremendous growth trend and distinct capabilities to attract several carefully selected buyers.
  • Included in the list of potential buyers was Long Point Capital, a private equity group based in Detroit, MI and New York, NY who also was the leading investor in Masco Corporation (NYSE:MAS) a multi-billion dollar building products conglomerate.

Sell Side Process Results

  • A tightly controlled process was run involving around 20 carefully selected potential buyers.
  • Nolan narrowed the buyer list and made closely focused visits to the final four potential buyers in order to ensure the perfect fit for CHI.
  • Former ownership and CHI management invested in minority positions alongside Long Point.
  • The Nolan process created a sense of scarcity, competition and momentum that convinced CHI’s pool of buyers to put their best foot forward and delivered the best results the market had to offer.

About Nolan & Associates

Nolan & Associates is a boutique investment banking firm providing Mergers & Acquisitions and Capital Raise advisory services to middle market business owners and buyers.  Founded in 1976, Nolan is broadly recognized as a leading investment banking firm with Midwestern roots and global reach.  The Nolan team has completed hundreds of transactions in the middle market while working collaboratively from its offices in St. Louis, MO and Decatur, IL.

Securities offered through Middle Market Transactions, Inc.  Member: FINRA/SIPC.

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