Highlander Partners has acquired the aluminum extrusion assets of Profile Extrusion Company. The acquired aluminum extrusion operations will continue to operate from their current location in Rome, GA under the name of Profile Custom Extrusions. The current management team will continue to operate the business.
“We are very pleased to be a part of the Highlander portfolio of companies. Highlander is a long-term investor that has extensive experience in the aluminum extrusion business,” said David Newby, President of PCE. “With their significant capital resources and strategic vision, we believe they are the ideal partner to allow us to better serve the needs of both our existing and new customers.”
Profile Custom Extrusions (PCE) is a provider of aluminum extrusions to the industrial and residential construction, electrical, hurricane shutter and interior decor markets throughout the southeastern part of the United States. The company operates three extrusion presses with a total annual capacity of 40 million pounds, a vertical wet paint line and a thermal fill and de-bridge line. The company is headquartered northwest of Atlanta in Rome, GA (www.profile-extrusion.com).
“We are very excited about the opportunity to draw on our collective backgrounds in the aluminum extrusion industry and leverage our experience in working with PCE. David and his team have built a great company and are viewed as a premier supplier to various end markets,” said Jeff Hull, Highlander’s Managing Partner. “We believe the rebounding economy will continue to benefit many of PCE’s customers and their associated markets, especially in the commercial and residential construction market, and PCE is well positioned to participate in that recovery.”
Highlander Partners makes investments in middle market businesses in targeted industries in which the principals of the firm have significant operating and investing experience. Sectors of interest include healthcare, basic manufacturing, food, and building materials. The firm has over $600 million in capital under management and is based in Dallas (www.highlander-partners.com).
“We believe that David and the team at Profile are among the best in the industry. The company has performed exceptionally well historically, and showed solid results even during the recent downturn in the economy,” said Mark Blanchat, a Highlander principal and the newly appointed Chairman of PCE. “Highlander has tremendous resources that will enhance the prospects of the business and facilitate its continued growth trajectory. The southeastern US is a very strong market for aluminum extrusion and PCE is uniquely positioned to further expand its market position in this region.”
Regions Bank provided senior financing facilities in support of the transaction. Harris Williams served as the exclusive financial advisor to Profile in connection with this transaction.
© 2014 PEPD • Private Equity’s Leading News Magazine • 4-16-14
