Carter Morse & Goodrich (“CMG”) is pleased to announce that it served as the exclusive financial advisor to Optimum Building Systems, LLC (“Optimum” or the “Company”) in its sale to Wall Works Holdings (“Wall Works”), a portfolio company of AVALT, a Boston-based private equity firm, and VantEdge, a Kansas City-based family office. Terms of the transaction were not disclosed.
Founded in 1990 by brothers Rene and Sylvain Theroux, and headquartered in Litchfield, New Hampshire, Optimum is a market-leading provider of drywall, acoustic ceiling tile, waterproofing, and exterior cladding installation services to general contractors in the commercial, education, and healthcare end markets. The Company operates across northern New England and has a decades-long track record of delivering high-quality interior and exterior new construction services to top general contractors across the region.
Wall Works is a purpose-built platform that partners with leading regional specialty construction contractors in the finishing trades. The Wall Works strategy, established following AVALT and VantEdge’s investment in Suburban Drywall in July 2024, is to build a platform of leading specialty contractors in the finishing trades while providing strategic and operational support to help accelerate both organic and inorganic growth at its partner companies. Optimum represents Wall Works’ second regional hub as it continues to execute its growth strategy.
Rene Theroux commented, “Sylvain and I started Optimum 35 years ago with the goal of building the premier interior and exterior specialty contractor in New England. We are incredibly proud of our success and feel the time is right to join the Wall Works platform that can help elevate Optimum to the next level.” He continued “We could not have done this without the guidance and hard work of the team at CMG. Saying thank you doesn’t seem to convey my deep gratitude for their efforts in making our 40 years of hard work culminate in a result as beautifully as it did today.”
Ramsey Goodrich, CMG Managing Partner, added, “CMG is thrilled to have advised Optimum and the Theroux brothers, first on the acquisition of Landry, and now on this exciting transaction. We are confident that Optimum has found great partners that respect the foundation upon which the Company was built and will be great stewards of the business going forward.”
Preti Flaherty served as the Company’s primary legal advisor, WIPFLI provided tax and accounting services and CBIZ provided quality of earnings support for the transaction.