Fulcrum Capital Partners has sold its portfolio company Alumicor Limited to Apogee Enterprises for approximately C$54 million. Fulcrum Capital acquired Alumicor in 2007 through its third investment fund.
Alumicor is a manufacturer and supplier of architectural aluminum building products, serving the institutional, commercial and industrial markets across Canada. The company is headquartered in Toronto (www.alumicor.com).
Apogee Enterprises (Nasdaq:APOG) is a designer and developer of glass products, services, and systems primarily in North America, Europe, and Brazil. The company operates in two segments, Architectural Products and Services, and Large-Scale Optical Technologies. The Architectural Products and Services segment designs, engineers, fabricates, installs, maintains, and renovates the walls of glass, windows, storefront, and entrances comprising the outside skin of commercial and institutional buildings. The Large-Scale Optical Technologies segment manufactures and markets value-added glass and acrylic products under the Tru Vue brand name primarily for the custom picture framing market. This segment distributes its products through independent distributors and retailers, as well as directly to museums, and public and private galleries. Apogee Enterprises was founded in 1949 and is headquartered in Minneapolis (www.apog.com).
Fulcrum Capital Partners manages over C$750 million of capital and invests both equity and subordinated debt in companies with revenues of C$10 million to C$250 million. Sectors of interest include services, manufacturing, consumer products, distribution, food and retail. The firm has offices in Vancouver and Toronto (www.fulcrumcapital.ca).
© 2013 PEPD • Private Equity’s Leading News Magazine • 12-11-13