Prospect sells Codel Entry stake to TriWest-backed Trimlite
U.S. private equity firm Prospect Partners said it and other investors have sold their interests in Codel Entry Systems Inc, a Tacoma, Washington maker, marketer and distributor of exterior door entry systems, to Canada's Trimlite LLC. No financial terms were disclosed. Vancouver-based Trimlite is a manufacturer and distributor of stile and rail doors, fiberglass doors, decorative glass and other building products. It said in July it bought Codel in partnership with TriWest Capital Partners, a Canadian private equity firm. TriWest Capital Partners Fund V, which raised $500 million in 2015, acquired Trimlite last year.
20 September 2017•3 mins read
