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Heartwood Companions Realizes Profitable Exit of CMI

NORWALK, Conn., Jan 17, 2023 /PRNewswire/ — Heartwood Companions ( is happy to announce that on December 21, 2022Heartwood Companions Fund II, LP exited its funding in CMI Restricted Co (“CMI”, or the “Firm”) ( in a sale to Charger Funding Companions (“Charger”).

CMI Sheet Piling

Heartwood Companions’ distinctive lower-debt construction and funding strategy allowed CMI to develop into an business chief.

CMI is a US based mostly designer and producer of progressive, engineered options for shoreline preservation and entry. The Firm’s distinctive merchandise embody sheet piling, excessive impression decking and aluminum fabricated options for functions akin to seawalls, retaining constructions, flood safety, chemical containment, marinas, docks, and water management. Because the pioneer and high producer of vinyl sheet pile, CMI is main the conversion from legacy wooden, metal, and concrete to extra sturdy and sustainable polymer and aluminum supplies.

Throughout Heartwood Companions’ funding, CMI built-out a top-tier administration group who efficiently expanded the Firm’s gross sales channels, product strains, and types, and optimized the manufacturing amenities. Moreover, the Firm accomplished two add-on acquisitions, increasing the geographic attain of the aluminum fabrication division and getting into the excessive impression decking market. CMI is headquartered in Woodstock, Georgia and has manufacturing amenities in Georgia, Florida, Washingtonand Illinois.

WCC President & CEO, Doug Zachariascommented: “The energy and stability of Heartwood Companions’ distinctive lower-debt construction and supportive funding strategy allowed administration at CMI to develop into a number one participant within the business. The standard, engineering, and sustainability of its merchandise, in addition to the “Give attention to buyer satisfaction have led to success and have solidified the Firm’s main place out there. We’re excited to accomplice with Charger and for the following chapter of CMI’s progress story.”

james sidwaAssociate at Heartwood Companions, acknowledged: “We’re very happy with what has been achieved at CMI over the past 5 years. It has been a pleasure partnering with the administration group and aiding with the event of the Firm. We sit up for watching the enterprise continues its progress trajectory beneath Doug’s management as CEO and are happy to see duane bryant proceed on CMI’s board of administrators.”

Finn Dixon & Herling LLP served as authorized advisor and Stifel served as an unique monetary advisor to CMI and its traders.

Heartwood Companions (, situated in Norwalk, Connecticut, is a center market non-public fairness agency based in 1982. Heartwood is differentiated by a singular lower-leverage, distribution-yielding strategy to personal fairness designed to create fairness partnerships with persevering with administration. We at present handle over $1.7 billion in investments and commitments and its principals have invested in additional than 100 platform and add-on acquisitions. Presently, Heartwood is investing from Heartwood Companions Fund IV, LP which is concentrated totally on household and management-owned producers, value-added distributors, meals, chemical, client merchandise and enterprise service firms.

Yam: michelle ryan
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Cellphone: 917-923-4689



(PRNewsfoto/Heartwood Partners)

(PRNewsfoto/Heartwood Companions)


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