SVPGlobal, an investment firm with $10 billion in assets under management, has completed its acquisition of OmniMax International.
The deal originally was announced in mid-August. Terms of the acquisition were not released.
OmniMax is the parent company of Bristol, Indiana-based Amerimax Fabricated Products, which manufactures sidewalls and trim for RVs.
OmniMax is a leading manufacturer of residential roof drainage systems and a top supplier of products for outdoor living and other building end markets, with 2019 sales of $700 million. The company also is a leading supplier to the RV industry, which is benefiting from strong outdoor recreation and living trends, a release from the companies stated.
“We are focused on supporting OmniMax as it takes its business to the next level,” stated Victor Khosla, SVPGlobal founder and chief investment officer. “The company is distinguished by a unique competitive position as the No. 1 U.S. producer of drainage systems that protect and enhance residential buildings, a growing market which is benefiting from increased consumer focus on the home.”
SVPGlobal now owns 100 percent of OmniMax’s equity. Financing for the transaction was led by KKR with GSO, Credit Suisse’s Credit Investments Group, and PNC Business Credit participating.
“The OmniMax team is excited to partner with SVPGlobal as we invest further in expanding our markets and developing our product portfolio in order to provide our customers with the best-in-class products and service for which we are known,” stated OmniMax President and CEO Richard Brown.