Littlejohn & Co. Invests in Great Day Improvements for Strategic Expansion

Author

Slice of Real Estate Team
June 24, 2024

Key Highlights:

  • Littlejohn & Co. makes a significant minority preferred equity investment in Great Day Improvements.

  • Investment supports Great Day’s acquisition of ELM Home & Building Solutions, including Englert® and LeafGuard®.

  • Littlejohn has been a partner since 2021, aiding Great Day’s expansion and growth.

  • Littlejohn's structured capital offers flexible solutions for growth and M&A.

  • Great Day ranks fifth-largest in the nation and is rapidly growing.

Source (Business Wire)

Notable Quotes

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"We are pleased to expand our relationship with Great Day by supporting its continued growth initiatives, M&A, and strategic expansion. We look forward to leveraging our deep experience scaling home services businesses to help Great Day further execute on its proven growth plan."

Steven Raich, Managing Partner at Littlejohn
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"Littlejohn has served as a trusted resource as we accelerate our strategic vision and we are grateful for their continued support. We are pleased to have a partner in Littlejohn that understands and values our entrepreneurial mindset while providing robust resources for the continued growth of Great Day."

Ed Weinfurtner, Executive Chairman at Great Day

Our Take:

This significant minority preferred equity investment by Littlejohn & Co. in Great Day Improvements represents a strategic move to bolster Great Day’s market position in the home improvement sector. The acquisition of ELM Home & Building Solutions, along with its renowned brands Englert® and LeafGuard®, will further enhance Great Day's product portfolio and market reach. Littlejohn's ongoing support and capital flexibility will undoubtedly provide Great Day with the necessary resources to continue its impressive growth trajectory, marked by strategic acquisitions and expansion into new markets. This partnership underscores the importance of robust investment strategies in scaling operations and achieving long-term success in the competitive home improvement industry.