HEARTWOOD PARTNERS SIGNS AGREEMENT TO SELL UW SOLUTIONS

Core Insights - Heartwood Partners announced the sale of its investment in UW Solutions to Apogee Enterprises for a transaction valued at $240 million, expected to close in Q4 2024 [1][2] - UW Solutions is a leading manufacturer of advanced surface coated products, with a focus on HD printable materials, industrial flooring systems, and engineered coatings [1] - Under Heartwood's ownership, UW Solutions expanded its management team and operations, including the acquisition of RDC Coatings, enhancing its vertical integration [2] Company Overview - UW Solutions is headquartered in Louisville, KY, and specializes in products for graphics and warehouse mezzanine decking applications [1] - The company has developed a range of solutions, including ChromaLuxe® and Unisub® brands for printable materials, and ResinDek® for flooring systems [1] Investment Strategy - Heartwood Partners employs a lower-leverage, current cash yield approach, focusing on long-term growth through both organic and acquisition-driven strategies [3] - The firm manages over $1.4 billion in investments and has completed more than 100 acquisitions, emphasizing partnerships with management teams [3]