Northrim Horizon has acquired Cressy Door and Fireplace, a Seattle-based provider of installation, repair, and maintenance services for overhead doors, pedestrian doors, and fireplaces. The acquisition terms were not disclosed. Founded in 1952, Cressy serves both commercial and residential customers in the Seattle area. Northrim, a Mesa, Arizona-based permanent capital investment firm, plans to support Cressy's growth by expanding its customer base and geographic reach while pursuing new industry partnerships.
The company has appointed Brendon Cagney as CEO and Connor Witters as president. Cagney, a former consultant at Mc Kinsey & Company and a six-year veteran of the US Army, holds an MBA from Harvard Business School. Witters, a longtime Cressy employee with over 18 years of experience in technical, sales, and leadership roles, will lead day-to-day operations. Crawford Gates, principal at Northrim Horizon, stated that the firm's permanent capital model will help Cressy retain talent, preserve culture, and maintain high service standards amid industry consolidation.
Source: PE Hub · Summarized by HeadlinesBriefing