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Chicago-based NextGen Growth Partners (“NGP”) has announced the successful exit of its investment in Door and Window Guard Systems, Inc. (“DAWGS”) through a sale to The Riverside Company. This transaction marks the first exit from NGP’s Fund II.
DAWGS is a leading provider of steel door and window guards designed to secure vacant properties. Since its founding in 2009, DAWGS has set the industry standard for vacant property security, offering turnkey solutions to lenders, municipalities, investors, and property owners. The company’s proprietary products help prevent theft, vandalism, and unauthorized occupation, delivering superior security and peace of mind to clients nationwide. DAWGS generates annual revenues of approximately $6.9M.
Since NGP’s investment in October 2021, DAWGS has achieved significant growth, expanding its market presence and strengthening its operational capabilities under the leadership of CEO Nick Oberhouse. In 2022, DAWGS acquired Vacant Property Security, further enhancing its service offering and extending its footprint into new regions, all while maintaining its focus on service excellence and innovation.
“We are incredibly proud of our partnership with DAWGS and the tremendous strides the team has made over the past few years,” said NGP Managing Partner Brian O’Connor. “From day one, DAWGS demonstrated a deep commitment to its customers and a drive for innovation. We are confident that under Riverside’s ownership, DAWGS will continue its impressive trajectory of growth and industry leadership.”
“I am immensely grateful for the support and strategic guidance from NGP throughout our partnership,” said DAWGS CEO Nick Oberhouse. “With their backing, we have been able to scale our operations and further establish DAWGS as the go-to solution for vacant property security. As we embark on this next phase with Riverside, we are excited to build on our momentum and continue delivering exceptional value to our customers.”
Brandon Buhai, former owner and President of DAWGS, also expressed enthusiasm for the company’s future. “DAWGS has been securing vacant properties for over a decade, and this transition marks an exciting new chapter. Partnering with NGP has been instrumental in positioning DAWGS for long-term success. With Riverside, we look forward to continuing this momentum and delivering even greater value to our customers.”
Financial Advisor: Raymond James & Associates / Legal: Winston & Strawn LLP
