Grey Mountain Adds On to Consolidated Glass
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Grey Mountain Adds On to Consolidated Glass

je-berkowitz-nf1Consolidated Glass Holdings, a portfolio company of Grey Mountain Partners, has acquired J.E. Berkowitz, a maker of architectural glass for both exterior and interior projects. The company has been family-owned since its founding by Jacob E. Berkowitz in 1920.

je-berkowitz-nf44J.E. Berkowitz’s (JEB) architectural glass fabrication capabilities include insulating glass, heat-treated glass, silk-screened and spandrel glass, laminated glass, all-glass doors and entrances, and point-supported glass systems and canopies. JEB’s products are used in many architectural glass applications including office buildings, hotels, condominiums, casinos, restaurants, hospitals, schools, libraries, museums, all-glass doors and entrances, swing doors, sliding doors, shower doors, canopies, handrails, skylights and shopping malls. Recent projects completed by JEB include: The Tower at PNC Plaza in Pittsburgh, the T-Mobile arena in Las Vegas, Google headquarters in New York City, and the Novartis Pharmaceuticals building in Boston.

JEB employs more than 200 people and operates out of a 253,000-square-foot manufacturing facility on 23 acres in Pedricktown, NJ (near Philadelphia) (www.jeberkowitz.com).

consolidated-glass-nf1Consolidated Glass Holdings (CGH), led by President and CEO Paul Cody, is the managing entity for a group of companies operating in the architectural, security, and custom glass and metal fabrication businesses, which currently include Global Security Glazing, Columbia Commercial Building Products, Dlubak Specialty Glass, Solar Seal, North American Specialty Glass, and, with the closing of this transaction, JE Berkowitz. The combined group has eight fabrication facilities totaling 900,000 square feet of plant space and approximately 1,000 employees (www.cghinc.com).

Arthur Berkowitz, Executive Vice President of JEB, is the company’s third generation owner/manager, and has led the company for more than 40 years. “CGH and Grey Mountain were the correct fit for me and my employees,” said Mr. Berkowitz. “As part of my succession planning, this step permitted me to keep an ownership position and retain the real estate. I will remain energized and committed to managing the operations at JEB for years to come.”

grey mountain nf44Grey Mountain has approximately $700 million of assets under management and was founded in 2003 by managing partners Rob Wright and Jeff Kuo. The firm invests up to $75 million in control acquisitions of companies with enterprise values between $30 million and $150 million. Sectors of interest include aerospace and defense; building products and materials; business process outsourcing; diversified manufacturing; energy and power; financial services; food and beverage; healthcare services and technology; industrial services; packaging; professional services; specialty chemicals; technology; transportation and logistics; and wholesale distribution. Grey Mountain is based in Boulder with additional offices in Minneapolis and Pittsburgh (www.greymountain.com).

© 2016 Private Equity Professional | December 7, 2016

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