Trive Capital has acquired the assets of Fort Smith, Arkansas-based SSW Holding Company Inc, a products manufacturer for the appliance, HVAC and other industrial segments. No financial terms were disclosed.
PRESS RELEASE
Trive Capital (“Trive”), the Dallas-based private equity firm, has acquired the assets of SSW Holding Company, Inc. (“SSW”). Based in Ft. Smith, Arkansas, SSW is an engineered products manufacturer for the appliance, HVAC and other industrial segments.
Founded in 1946, SSW manufactures steel and glass components for the food preservation, cooking, and home comfort market segments. SSW provides value-added products and systems to its OEM customer base with innovative products such as self-clean porcelain coated oven racks and Spill Smart™ hydrophobic refrigerator shelving.
“We are excited to partner with a management team with a strong track record of product innovation, operational excellence, and customer service,” commented Chris Zugaro, Partner at Trive. “We believe SSW represents an opportunity to acquire a differentiated, value-added manufacturer with an established footprint that is well-positioned to capitalize on actionable organic and inorganic growth opportunities.”
SSW Chairman & CEO Paul Kara stated, “Trive’s operating principles, investment strategies and proven record of value creation will prove essential as we collaborate to focus on growth and expansion while building on our market leading position and history of continued product innovation. Complemented by the strengths of Trive, SSW will continue to focus on being a premier supplier and partner to our existing and future customers.”
Trive Partner Blake Bonner added, “We look forward to working collaboratively with the SSW management team to execute on meaningful growth opportunities. Our goal is to provide support to allow the Company to expand its product offering while maintaining or enhancing the customer focus that has made SSW successful for over 70 years.”
ABOUT SSW
SSW, based in Ft. Smith, Arkansas, is a manufacturer of engineered steel and glass components for the food preservation, cooking, and home comfort market segments. SSW’s operating companies include: Alabama Wire Products, Inc., American Appliance Products, Inc., Collis de Mexico, Collis Inc., Premier Manufacturing Corporation, and Straits Steel & Wire Company.
About Trive
Trive Capital is a Dallas, Texas-based private equity firm managing over $2 billion in capital and invests in both equity and debt in order to create bespoke, tailored capital solutions. Trive focuses on investing in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. Trive seeks to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas. Since 1998, Trive’s team members collectively have successfully sourced, executed and managed more than 50 transactions across a range of industries, representing over $5 billion in aggregate revenue both before and while affiliated with Trive.
