Ox Engineered Products, LLC
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Ox Engineered Products, LLC - overview
Established
2006
Location
Northville, MI, US
Primary Industry
Materials
About
Ox Engineered Products, LLC, based in Northville, US, specializes in high-performance building materials, focusing on structural continuous insulation solutions for residential and commercial projects. Founded in 2006, Ox Engineered Products, LLC develops innovative insulation products tailored for construction needs. The company operates primarily from its headquarters in Northville, Michigan, US. Under the leadership of CEO Dave Ulmer, Ox has engaged in two significant deals, with the most recent occurring in October 2024, when Holcim Ltd agreed to acquire Ox from Wind Point Partners for undisclosed financial terms.
Ox Engineered Products specializes in high-performance building materials, primarily focusing on structural continuous insulation solutions designed for both residential and commercial applications. Their core offerings include a range of insulated sheathing products, such as the OX-IS™ Strong-R, ISO Red CI, and ThermoPLY, which serve to enhance energy efficiency and support compliance with current energy codes. These products are engineered to function as both insulation and air barriers, thereby addressing critical performance metrics such as moisture control and thermal resistance. The company's customer base includes builders, contractors, architects, and distributors operating in diverse geographical markets, including North America and select regions in Europe.
Ox's innovative solutions cater to the specific needs of these clientele, ensuring optimal application in various construction scenarios, from new builds to renovation projects. Ox Engineered Products generates revenue primarily through direct sales of its products to contractors and builders, facilitating transactions that typically involve bulk orders for construction projects. The company engages in B2B sales, providing its flagship products such as ToughSkin® and HomeGuard house wrap through a network of distributors and retailers. Each transaction is structured around negotiated pricing models that reflect the scale of the order and specific product configurations required for different construction applications.
As a result of this approach, Ox ensures a steady stream of revenue while maintaining strong relationships with clients who rely on their innovative solutions for various building needs. The company's comprehensive product offerings also include specialized tapes and sealants, which complement their insulation solutions, thereby enhancing overall product performance and customer satisfaction. In October 2024, Holcim Ltd agreed to acquire Ox Engineered Products, LLC, a move intended to enhance Holcim's business offerings and operational capabilities to meet the demands of the construction market. This acquisition will support the design and launch of new products, further expanding Ox's reach into new markets and geographic regions.
Specific targets for expansion have yet to be detailed. The recent acquisition will facilitate the alignment of strategies aimed at meeting the evolving needs of the construction sector.
Current Investors
Wind Point Partners
Primary Industry
Materials
Sub Industries
Construction, Masonry Materials
Website
www.oxengineeredproducts.com
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Ox Engineered Products, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Ox Engineered Products, LLC | - | ||||||||
| Add-on | Completed | HomeGuard Building Products, Inc. | - | ||||||||
| Buyout | Completed | Ox Engineered Products, LLC | - |
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