November 5, 2020
Architectural Mailboxes, a Redondo Beach, California-based supplier of mailboxes, posts and accessories, has been acquired by Gibraltar Industries (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, conservation, residential, industrial, and infrastructure markets. Cascadia Capital served as the exclusive advisor to Architectural Mailboxes in the transaction.
Founded by husband and wife team Chris Farentinos and Vanessa Troyer Farentinos, Architectural Mailboxes is a manufacturer of mailboxes as well as cabinet hardware, which are sold under the Wisdom Stone brand. Since its founding in 2000, the company has grown consistently year-over-year, introducing innovative, high quality products to a premium retail customer base. In addition, the company has built a robust international supply chain with significant flexibility and durability which has enabled Architectural Mailboxes to continue operating seamlessly in the face of a changing tariff landscape and COVID-19.
“Buyers want exposure to the repair and remodel market, which is seeing historical growth from rising home prices, increased existing home sales and increased DIY activity,” said Naaman Heyman, Cascadia Capital Vice President.
“After interviewing several potential advisors, Chris and I selected Cascadia Capital and never looked back. Cascadia quickly demonstrated their deep industry expertise and positioned our brand and customer value proposition perfectly,” noted Vanessa Troyer Farentinos, CEO of Architectural Mailboxes. “Selling your company is time consuming, complex and emotional. Cascadia became our trusted partners, making the process very manageable and we are excited to continue to grow in partnership with Gibraltar.”
“The acquisition of Architectural Mailboxes is the fourth transaction Cascadia has advised on in the Construction and Building Products space in the past 12 months,” added Cascadia Managing Director Firdaus Pohowalla. “We expect even more activity in the sector in coming years given demographic shifts and long-awaited infrastructure investment.”
This represents another successful transaction for Cascadia in the Industrials practice and highlights its growing presence and expertise in the Construction and Building Products sector. Past transactions include Window Specialties, Automated Controls and F.W. Spenser.
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