Homewood Holdings continues Seattle expansion
Custom Choice Door is a full-service door and millwork supplier.
Homewood Holdings LLC, a portfolio company of the investment firm Building Industry Partners LLC (“BIP”), has acquired the assets of Custom Choice Door, LLC from its owners, Ted Matthews and Alan Pascoe.
Matthews and Pascoe founded Custom Choice Door in 2007 and have grown it into a leading full-service door and millwork supplier servicing the greater Seattle and Puget Sound markets.
The addition of CCD a pro dealer distribution and installation platform with eight total locations in California, Washington, and Arizona, more than 300 total employees, and over $125 million in combined sales.
CCD supplies single- and multi-family residential builders, contractors, and DIY homeowners with exterior wood, fiberglass and steel doors, interior doors, millwork, hardware, shelving, mantels, stair parts, cabinets, and pre-finishing services. The company employs over 45 people out of its Lakewood, Wash. manufacturing and distribution facility.
CCD joins the Homewood Holdings family of companies as its sixth overall investment and its third business in Washington state.
Homewood Holdings’ other investments in the greater Seattle market include Evergreen Lumber, a two unit pro dealer in Port Orchard, Wash., and Eagle Creek Siding, the leading installer of exterior siding in the greater Seattle market based in Olympia, Wash.
The transaction allows Custom Choice to accelerate its growth in the Puget Sound and beyond. Matthews will remain as President of CCD post-transaction and will retain a significant financial interest in CCD’s success going forward. Terms of the deal were not disclosed.
“Custom Choice Door is a business we’ve known in the Puget Sound market for a long time, and we’re thrilled to welcome the Company and its employees into the Homewood family,” said Scott Blackburn, Homewood Holdings Washington Market president. “Ted has solidified CCD’s name and reputation as a leading supplier of doors and millwork to greater Seattle builders and contractors, and we think the combination of Evergreen Lumber, Eagle Creek Siding, and now Custom Choice Door, will allow us to serve our customers’ comprehensive product and service needs even better in this market.”
Matt Ogden, managing partner of BIP, commented, “Custom Choice Door is a very exciting addition to our group of Washington State businesses. We continue to believe in the strength of the greater Seattle market, and the attractiveness of value-add providers of LBM materials and services to homebuilders. We believe we’re positioned well in the Seattle market with three complementary businesses, for accelerated performance and growth.”
Last month, Homewood Holdings acquired the assets of The Door Mill Inc. (TDM) and Valley View Window and Door in the Phoenix market. In January, the pro dealer purchased Olympia, Wash.-based Eagle Creek Siding, L.L.C. and Mud Bay Manufacturing.
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