S&C Advises AZEK in IPO

June 26, 2020

S&C represented AZEK Company Inc. in its initial public offering on June 16, which raised approximately $879.5 million. This amount includes additional shares purchased by the underwriters, which exercised their options in full. Following the offering, AZEK continues to be controlled by Ares Management Corporation and Ontario Teachers' Pension Plan Board (OTPP). In 2013, funds affiliated with Ares and OTPP, represented by S&C, completed an acquisition of AZEK and its subsidiaries for $1.5 billion.

Headquartered in Chicago, AZEK manufactures residential and commercial building products focused on the outdoor living market.

The California-based S&C team was led by John Savva and Rita-Anne O'Neill and also included New York partners David Spitzer on tax matters and Jeannette Bander on executive compensation and benefits matters.