Case Study: North Park Group Acquires Arcadia GlassHouse

“We believe the greenhouse sector is well positioned for continued growth over the coming decades as individuals take control of their own food supply and create their own personal sanctuaries.”

Brian Paul, Operating Partner, North Park Group

Axial Members

Member Type	Family Office	Business Broker
Axial Member Since	2023	2010
Headquarters	Chicago, IL	Richardson, TX
Axial Closed Deals	2	12
Axial Profile	View Profile	View Profile

The Business

Location: Madison, OH

Description: Arcadia GlassHouse has offered custom greenhouse solutions for more than 20 years.  Their customer-centric culture has resulted in great success in the Midwest, with the opportunity to further expand in other regions.  Arcadia GlassHouse has developed its own premium solution manufactured to its customer’s exact specifications. 

Reason for exit: One owner was looking forward to retirement and travel after 20 years of growth. The other owner wanted to continue with an investment in the business, which was important to the continued success and growth of Arcadia GlassHouse.

Website  |  LinkedIn

North Park Group is a six-person, operationally-focused family office based in Chicago, IL. The firm joined Axial in 2023 to aid its sourcing efforts in the manufacturing and distribution sectors. The acquisition of Arcadia Glasshouse in early 2025 marked the firm’s seventh platform investment in the space.

Just four months after successfully closing their first Axial-sourced investment in Q4 2023, North Park came across their next platform business when they received and pursued a project headlined Premier Greenhouse Manufacturer based in the Eastern Midwest. The deal, which turned out to be Arcadia GlassHouse, was represented by Jerry Yocum of Generational Group. Generational, a 14-year Axial member, has successfully closed a dozen deals via the platform.

While North Park was one of the first buy-side firms to pursue Arcadia GlassHouse in March of 2024, the deal process was put on hold for a number of months, and the two parties reunited to sign an LOI in November of last year. After entering exclusivity, the transaction progressed quickly, with the parties closing the deal in January 2025.

Axial Deal Data