OpenGate Capital Recognizes Hufcor for its Contribution to Hurricane Harvey Relief Efforts

Hufcor and JJ Watt Foundation Teamed up to Collect and Deliver Much Needed Supplies

LOS ANGELES--(BUSINESS WIRE)-- OpenGate Capital, a global private equity firm, congratulated its portfolio company, Hufcor, Inc., for its efforts in teaming up with the JJ Watt Foundation to deliver critical supplies to members of the Houston community impacted by the devastation caused by Hurricane Harvey.

In early September, as flooding from Hurricane Harvey continued to force people from their homes, JJ Watt, the Houston Texans’ superstar defensive end and Wisconsin native, and his JJ Watt Foundation sought assistance from Wisconsin-area businesses to support the Hurricane Harvey Relief Fund. Scott Staedter, Hufcor’s Director of Global Projects, answered the call and came up with the idea of collecting food and cleaning supplies from Wisconsin residents and then using Hufcor’s fleet of semi-trucks to deliver supplies to Houston residents.

Andrew Nikou, OpenGate Capital’s CEO and Managing Partner, commented, “We are inspired by Hufcor’s efforts to help those impacted by Hurricane Harvey. On behalf of everyone at OpenGate Capital, I congratulate the Hufcor team for answering the call for assistance with tremendous compassion.”

Scott Staedter said, “We are proud of our team’s work and thank OpenGate for their support and recognition.” Hurricane Harvey’s impact was felt by Hufcor’s Houston-based operations and employees, many of which were forced to evacuate their own homes. Despite the difficulties, Hufcor delivered six trailers filled with food and supplies throughout the Houston area.

OpenGate Capital acquired Hufcor on September 1^st of this year, making it the sixth investment in the firm’s first institutional fund along with EverZinc, Alfatherm, Bois & Matériaux, Energi Fenestration Solutions and Power Partners.

About OpenGate Capital

OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California and has a European office in Paris, France. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital has executed more than 40 transactions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special situation investments. For more information, please visit www.opengatecapital.com.

About Hufcor

At Hufcor, we exist to shape the experience that people have within a built environment – we’re in the business of space management. Offering the widest range of glass, operable, vertical lift and accordion partitions, our products shape space by providing flexible sight and sound separation, and enable our customers to control the atmosphere and experience of their space. Shaping your experience isn’t just about what we do, but how we approach business. Committed to advancing what’s possible in space management, we are consultants that have more, do more, and deliver more for our customers. Every day we work with architects, contractors, and building owners across markets to help them maximize the utilization of their space to realize what’s possible. We shape our customer’s experience through the breadth and quality of our expertise, capabilities and products along with our inherent drive to solve problems. This uniquely positions Hufcor to reliably deliver exactly what’s needed. To learn more about Hufcor, please visit www.hufcor.com.

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OpenGate Media Contacts

Alanna Chaffin
+1 (310) 432-7000

achaffin@opengatecapital.com

or

Mike Sitrick, Sitrick & Company

+1 (310) 788-2850

Mike_Sitrick@sitrick.com

or

OpenGate Business Development Contact

Joshua Adams
+1 (310) 432-7000

jadams@opengatecapital.com

or

Hufcor Contact

Jeff Fluckiger
+1 (608) 758-8335

jfluckiger@hufcor.com

Source: OpenGate Capital