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algomahardwoods.com

Stage

Acquired | Acquired

About Algoma Hardwoods

Algoma Hardwoods produces, distributes and manufactures architecturally specified doors.In April 2006, Industrial Opportunity Partners and American Capital Strategies acquired Algoma Hardwoods. IOP bought out American Capital's shares in 2009. In April 2012, Algoma Hardwoods was acquired by Masonite. The valuation of Algoma Hardwoods was undisclosed. Other terms of the deal were not released.

Algoma Hardwoods Headquarter Location

1001 Perry Street

Wisconsin, 54201,

United States

920-487-5221

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Latest Algoma Hardwoods News

IOP Realizes Algoma Investment

Apr 26, 2012

By Angela Sormani Industrial Opportunity Partners (IOP) has sold portfolio company Algoma Hardwoods, a manufacturer of architectural wood doors to commercial and institutional construction markets, to Masonite International Corporation, a global manufacturer of residential and commercial doors. IOP acquired the company with American Capital Strategies in April 2006 and subsequently acquired American Capital Strategies’ remaining equity position in Algoma in 2009. PRESS RELEASE Operations-focused private equity firm Industrial Opportunity Partners (“IOP”) of Evanston, Ill., today announced that it has completed the sale of portfolio company Algoma Hardwoods, Inc. (“Algoma” or the “Company”) to strategic buyer Masonite International Corporation (“Masonite”). Algoma is a manufacturer and distributor of custom, architectural wood doors serving the commercial and institutional construction markets. Financial terms of the transaction were not disclosed. IOP acquired the Company together with American Capital Strategies in April 2006 and subsequently acquired American Capital Strategies’ remaining equity position in Algoma in 2009. Algoma is led by key managers Henk Wolst, Mike Milner, and Allan Jablonsky, while IOP Operating Principals Tom Paisley and John Colaianne provided strategic oversight to Algoma throughout IOP’s ownership. Mr. Paisley commented, “It has been a pleasure to work with Algoma’s management team over the last six years. Through the execution of our operating thesis, the Company has become a market leader in quality, on-time delivery, and customer service while exhibiting impressive profitability throughout the market cycle.” Adam Gottlieb, a Managing Director of IOP, added, “Masonite is the logical strategic buyer for Algoma, with its complementary door brands of Marshfield, Mohawk, and Baillargeon. Algoma was an excellent investment for IOP and a testament to our operationally-focused approach toward value creation.” The sale of Algoma represents IOP’s second full realization in its Fund I portfolio, having completed the sale of FAS Controls, Inc. in December 2011. IOP recently announced, on April 11, 2012, the completion of fundraising for its second fund with $275 million of committed capital. FINNEA Group LLC acted as financial advisor and McDermott Will & Emery LLP served as legal counsel to Algoma and IOP in connection with the sale. About Algoma Hardwoods, Inc. Algoma, headquartered in Algoma, WI, is a leading manufacturer and distributor of custom, architectural wood doors serving the commercial and institutional construction markets. For more information, visit Algoma’s website at www.algomahardwoods.com. About Industrial Opportunity Partners IOP is an Evanston, Ill.-based private equity firm dedicated to creating value through investing in manufacturing and value-added distribution businesses with sales between $30 million and $350 million. IOP focuses on businesses with strong product, customer, and market positions, and provides Page 2 of 2 management and operational resources to support sales and earnings growth at its businesses. For more information, visit IOP’s website at www.iopfund.com. About Masonite International Corporation Masonite International Corporation is a leading global manufacturer of residential and commercial doors, committed to providing the highest value building products to customers in over 70 countries around the world.

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