Consolidated Glass Holdings, a portfolio company of Grey Mountain Partners, has acquired the assets of Shaw Glass Company, a designer and manufacturer of architectural glass products.
Shaw Glass Company (dba Solar Seal) is a designer and manufacturer of common and complex fabricated architectural glass products. The company provides its product offering to architects and glazing contractors and has capabilities that include cutting, edging, drilling, fabricating (notching, cut outs, etc.), sandblasting, tempering, insulating, and adding spandrel to glass products. Solar Seal was founded in 1950 and operates out of a 100,000 square foot facility near Boston (www.solarseal.com).
“With its long-standing customer relationships, a state-of-the-art facility, and an extensive product offering Solar Seal has developed a strong reputation for quality and service. As a third-generation family-owned business, we are thrilled to have this outstanding team to bolster CGH’s presence in the New England market and we will work with the Shaw family to continue to grow the business,” said Tom Ryan, CEO of CGH. “We look forward to continuing to expand CGH through additional acquisitions of high-quality assets and businesses and by partnering with strong management teams.”
Consolidated Glass Holdings (CGH) is a fabricator and distributor of impact resistant glass, architectural glass, metals and specialty products for the commercial and residential building maintenance, renovation, and construction markets. The company is headquartered in Denver (no website found).
“The acquisition presents substantial opportunity to continue to grow our presence in the architectural glass market, and we plan to further invest in the future of CGH through strategic acquisitions,” said Beth Lesniak, Vice President of Grey Mountain.
Grey Mountain Partners invests in middle market companies with enterprise values between $30 million and $150 million. The firm is based in Boulder, CO (www.greymountain.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 11-6-12
