O2 Exits Greco

O2 Exits Greco

O2 Investment Partners has sold Greco Aluminum Railings, a welded aluminum balcony railing manufacturer, to CSW Industrials. O2 acquired Greco in September 2012 in partnership with Frank and Larry Greco.

Greco is a designer, manufacturer and installer of architectural railing systems used in the renovation, restoration and new construction of balcony railings for apartments and condominiums, and other commercial structures. The company was founded in 1991 and is headquartered in Windsor, ON (www.grecorailings.com).

O2 Investment Partners makes control investments of $5 million to $75 million in companies with EBITDAs from $2 million to $10 million located anywhere in the US and Canada but has a preference for the Midwest and the Great Lakes regions. Sectors of interest include niche manufacturing, niche distribution, select service businesses, and certain technology businesses. O2 Investment Partners is based in the Detroit suburb of Bloomfield Hills (www.o2investment.com).

Publicly-traded CSW Industrials (NASDAQ: CSWI) is a diversified industrial company with operations in industrial products; coatings, sealants & adhesives; and specialty chemicals. The company’s products are used in HVAC and refrigeration applications, architecturally specified building products, coatings and sealants, and high performance specialty lubricants. CSW’s customers are active in the HVAC, general industrial, rail car and locomotive, plumbing, commercial construction, oil and gas, mining, electrical, steel, and transportation sectors. The company is headquartered in Dallas (www.cswindustrials.com).

Quarton International was the investment banking advisor to O2 and Greco.

© 2017 Private Equity Professional | March 22, 2017

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