Northrim Horizon Acquires Cressy Door and Fireplace
Northrim Horizon, an Arizona-based permanent capital investment firm, has acquired Seattle-based Cressy Door and Fireplace. The acquisition aims to support the expansion of Cressy's customer base and geographic presence by leveraging Northrim’s long-term operational model. Brendon Cagney has been appointed as CEO, bringing experience from McKinsey & Company and a background in engineering management and systems engineering. Connor Witters will serve as President after over 18 years at Cressy in various leadership roles. The firm believes its permanent capital structure will help retain talent and maintain high service standards during industry consolidation. Cressy, founded in 1952, is known for providing installation, repair, and maintenance services to both commercial and residential customers across overhead doors, pedestrian doors, and fireplaces.
Topics: acquisition leadership change private equity investment