News

August 29, 2002

Norwest Mezzanine Partners Invests $10.0 Million in CHI Overhead Doors, Inc.

Norwest Mezzanine Partners invested $8.5 million of senior subordinated debt and $1.5 million of equity in CHI Overhead Doors, Inc. (“CHI”), a leading manufacturer of a wide variety of residential, commercial, and rolling steel overhead garage doors.  Located in Arthur, Illinois, CHI is a well-recognized and respected name, ranking in size as the sixth largest manufacturer in the industry.

Long Point Capital served as the private equity sponsor on this transaction. Visitwww.longpointcapital.com for more information.

NMP Contact: Neal Sette, 612-215-1689, nsette@nmp.com

Norwest Equity Partners (NEP) is a leading middle market investment focused on partnering with business owners and building companies into industry leaders. With a reputation for quality investments and exceptional financial returns since 1961, NEP manages nearly $5 billion of capital through a series of equity and mezzanine funds. Offering creative and flexible transaction solutions through management buyouts, recapitalizations and growth financings, NEP seeks $30-$150 million equity investment opportunities for growing and profitable companies within the agriculture, applied technology, business services, consumer products and services, distribution, healthcare and industrial industry sectors. NEP is headquartered in Minneapolis, Minnesota; please visit nep.com for more information.