Toronto — Onex Corp., its Onex Partners III fund and some co-investors has completed the sale of their remaining shares of door and window manufacturer Jeld-Wen Holding Inc.
The shareholders sold about 14.9 million shares of Jeld-Wen common stock at $28.50 per share.
The transaction generated about $425 million for the group with about $110 million going to Onex as a limited partner in the fund and as a co-investor, a news release says.
With this sale, the Onex Group no longer holds any Jeld-Wen shares.
Jeld-Wen officials announced Aug. 16 that the company intended to repurchase about $200 million of the 14.9 million shares.
Founded in 1960, Jeld-Wen manufactures wood, vinyl and aluminum windows and doors for the residential and commercial new construction and repair-and-remodeling markets.
Earlier this year, Charlotte, N.C.-based Jeld-Wen said it is investing $7.9 million into a new production facility in Statesville, N.C., where it will create 235 jobs to expand its VPI Quality Windows brand.
Founded in 1984, Toronto-based Onex manages about $46 billion of assets.