Platinum Equity to acquire majority in Cook & Boardman

LOS ANGELES – Platinum Equity announced the signing of a definitive agreement to acquire a majority interest in The Cook & Boardman Group from Littlejohn & Co.

In a release the company stated that Littlejohn will remain a significant minority shareholder. Financial terms of the transaction were not disclosed.

Cook & Boardman is a specialty distributor of commercial door and security integration solutions. The company offers a range of products including metal and wood doors, locks, doorframes, and other related building components for non-residential applications, and operates a network of more than 70 locations across 21 states. Their growing Security Integration division provides electronic safety and security products along with communications products and solutions, primarily to education and government end markets.

"Cook & Boardman has built an impressive, diversified business with national scale," said Platinum Equity Co-President Jacob Kotzubei. "Customers in this space want more than just a traditional distributor of doors and hardware. They increasingly need value added solutions, including electronic safety and security systems. We believe Cook & Boardman is uniquely positioned to capitalize on that growing demand for integrated solutions. We look forward to working with the company's leadership group and our partners at Littlejohn to continue growing the business."

Steven Raich, Littlejohn Managing Director said, "We are proud to have supported Cook & Boardman's substantial growth by expanding its footprint nationally and bringing innovative combined commercial door and security integration solutions to the market. We are confident that Platinum is the right partner to continue executing the company's growth plan and look forward to working with them as a meaningful shareholder to drive the next phase of Cook & Boardman's evolution."

More information available online at www.platinumequity.com.