Tacoma, Washington
www.codel.org

Codel is a leading Pacific Northwest fabricator, assembler, marketer and distributor of pre-hung steel and fiberglass entry door systems and related accessories for residential homes.

• Prospect Partners teamed with independent equity sponsor Montgomery, Shelton & Company to acquire Codel Entry Systems in April 2005.
  • The investment was a recapitalization with Codel owner and General Manager Brent Moss.
  • Montgomery, Shelton & Company is an independent investment firm in Winnetka, Illinois, that offers key operating experience in companies in a variety of industries.
  • In addition to Mr. Moss, Codel's senior management team includes Neville Dowell, CFO.
• Codel seeks to expand geographically as well as through new distribution channels.
• Codel seeks to acquire other manufacturers and distributors of pre-hung doors.
• Mr. Chawla serves as Chairman of the holding company for Codel; Mead Montgomery of Montgomery, Shelton & Company serves as Chairman of the operating company, and Prospect Partners' Mr. Glastris and Mr. David Choe as well as David Shelton of Montgomery, Shelton and Company serve the holding company as Directors.
• SIC codes: 3442 (metal doors, sash, frames, molding and trim manufacturers); 5031 (lumber, plywood, millwork and wood panels); 3442-03 (doors - metal - manufacturers); 3442-98 (metal doors, sash, frames and trim); 4031-16 (doors and frames - commercial and industrial); 5031-17 (doors and frames)