GED Integrated, a portfolio company of The Beekman Group, has acquired Norfield, a provider equipment used in the door manufacturing sector.
Norfield’s prehung door manufacturing and processing machinery includes cutters, hinge and jamb routers, assemblers, stack feeders, and machining centers sold under the Eagle and Magnum brands. The company also provides field technical services, as well as related tools and supplies. Prehung doors are sold with the door already mounted onto its frame.
Norfield was founded in 1959 by Bob Norlie and Richard Sheffield and is headquartered north of Sacramento in Chico, California with an additional facility near Raleigh in Garner, North Carolina.
Beekman acquired GED in March 2020 through its $425 million fourth fund from Altus Capital Partners which earlier, in 2015, acquired the company from Brockway Moran.
GED provides equipment, aftermarket parts, software, and services used in the handling, assembling, and sorting of insulated glass (IG) and vinyl window frames. GED’s customers include 18 of the top 20 window and door manufacturers. The company, led by CEO Bill Weaver, has a 130,000 square foot manufacturing facility and headquarters near Cleveland in Glenwillow, Ohio.
“We are highly impressed with Norfield’s market position, their product portfolio, and long-term customer relationships,” said Mr. Weaver. “Their successful history of serving the door manufacturing market and their focus on value-added solutions is a terrific match for GED, and we are thrilled to welcome them to the GED family. We believe we will accomplish more together in the years to come than we could as separate companies.”
New York City-based The Beekman Group makes control investments in companies that have revenues from $10 million to $200 million and enterprise values of $15 million to $200 million. Sectors of interest include healthcare services, consumer services, and business services.
© 2021 Private Equity Professional | February 11, 2021