Associated Materials’ Merger with SVPGlobal

Schulte Roth & Zabel is advising Associated Materials in connection with a proposed merger with affiliates of Strategic Value Partners (“SVPGlobal”).

Associated Materials announced a proposed merger with affiliates of Strategic Value Partners (“SVPGlobal”), pursuant to a definitive Merger Agreement dated January 25, 2022. After completion of the transaction, Associated Materials will be a portfolio company of SVPGlobal.

Associated Materials is a vertically integrated building products company with $1.6 billion in annual revenues and a market leader in vinyl windows, vinyl and composite cladding and metal siding and trim. Associated Materials introduced its Alside brand in 1947 and today owns leading brands, including Gentek Building Products, Mezzo and Regency windows, ASCEND and ALIGN composite cladding, Charter Oak and Sequoia Select vinyl siding, and Sierra Steel and Satinwood metal siding. Associated Materials has over 4,400 employees and operates 125 of its own Alside and Gentek distribution centers in the United States and Canada, along with 11 manufacturing facilities.

Strategic Value Partners, LLC and its affiliates (“SVPGLOBAL”) is a global investment firm that focuses on event-driven, special situations, private equity and financing opportunities. The firm uses a combination of sourcing, financial and operational expertise to unlock value in complex situations. Today SVPGLOBAL manages more than $18 billion in assets under management, and since inception, has invested almost $41 billion of capital, including approximately $17 billionin Europe. The firm, established by Victor Khosla in 2001, has approximately 140 employees, including approximately 60 investment professionals, across its main offices in Greenwich (CT), London and a presence in Tokyo. 

The deal is led by SRZ Partners Daniel Eisner (Picture) and Kristine Manoukian, with the full deal team including Partners Seth R. Henslovitz, F. Xavier Kowalski, Ian L. Levin, Joseph Reich, Ronald E. Richman, Gregory D. Ruback, Gary Stein and Michael E. Swartz; Of Counsels Howard B. Epstein and Ronald B. Risdon; Special Counsels Michael G. Cutini, Adam B. Gartner, Scott A. Gold, Scott M. Kareff, Theodore A. Keyes, Gregory L. Kinzelman and Amiel Y. Mandel; Associates Jamie I. Freedman, Jacob A. Gach, Jennifer A. Gordon, Matthew L. Saathoff, Aaron Schwed and Sheuvaun F. Vernon; and Law Clerks Abigail B. Castaldi and William J. Sobel.

Involved fees earner: Michael Cutini – Schulte Roth & Zabel; Daniel Eisner – Schulte Roth & Zabel; Howard Epstein – Schulte Roth & Zabel; Jamie Freedman – Schulte Roth & Zabel; Jacob Gach – Schulte Roth & Zabel; Adam Gartner – Schulte Roth & Zabel; Scott Gold – Schulte Roth & Zabel; Jennifer Gordon – Schulte Roth & Zabel; Seth Henslovitz – Schulte Roth & Zabel; Scott Kareff – Schulte Roth & Zabel; Theodore Keyes – Schulte Roth & Zabel; Gregory Kinzelman – Schulte Roth & Zabel; Xavier Kowalski – Schulte Roth & Zabel; Ian Levin – Schulte Roth & Zabel; Amiel Mandel – Schulte Roth & Zabel; Kristine Manoukian – Schulte Roth & Zabel; Joseph Reich – Schulte Roth & Zabel; Ronald Richman – Schulte Roth & Zabel; Ronald Risdon – Schulte Roth & Zabel; Gregory Ruback – Schulte Roth & Zabel; Matthew Saathoff – Schulte Roth & Zabel; Aaron Schwed – Schulte Roth & Zabel; Gary Stein – Schulte Roth & Zabel; Michael Swartz – Schulte Roth & Zabel; Sheuvaun Vernon – Schulte Roth & Zabel;

Law Firms: Schulte Roth & Zabel;

Clients: Associated Materials, LLC;