G.W. Anglin Manufacturing (GWA), a portfolio company of Banyan Capital and Carpedia Capital, has acquired Amtech, a commercial fleet upfitting business headquartered in Quebec. Banyan and Carpedia acquired G.W. Anglin Manufacturing in November 2011 in partnership with the company’s President and CEO, Loris Boschin.
“We are delighted to augment GWA’s existing Quebec operations with such a respected industry player as Amtech, which is recognized throughout Quebec for the quality of its products and customer service. This transaction marks a significant milestone for GWA in execution of its strategic plan to become Canada’s leading commercial fleet upfitter”, said Mr. Boschin.
GWA, with annual revenues of approximately $12 million, upfitts large commercial fleets with additional equipment to meet the needs of natural gas utilities, electrical utilities and telecommunication companies. GWA’s upfitting services include drawer units, safety partitions, aluminum ladder racks, cabinetry, trailer tow systems, safety lighting, beacons, spotlights, generators, and tool boxes among many others. As one of Canada’s few vertically integrated commercial vehicle upfitters, GWA designs, manufactures and installs a majority of the product it integrates into vehicles. The company is headquartered near Windsor in Tecumseh, ON (www.gwanglin.com).
Carpedia Capital is the investing arm of operations improvement consulting firm Carpedia International. The firm invests in Canadian-based companies that have C$2 million to C$4 million of EBITDA and have enterprise valuations of C$8 million to C$20 million. Sectors of interest include manufacturing, food production and processing, distribution, logistics, consumer and business services, financial services, medical imaging and testing laboratories, project management, engineering & design, hospitality, and retailing. Carpedia Capital is headquartered in Toronto (www.carpediacapital.com).
Banyan Capital Partners is a Canadian-based private equity firm that invests in private and public middle-market companies located in North America that have annual revenues between $10 million and $200 million. Banyan is part of the Connor, Clark & Lunn Financial Group, an asset management company with over $60 billion of assets under management. The firm is headquartered in Toronto (www.banyancapitalpartners.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 9-16-15
