Ogdon Ventures has acquired AiA Industries, a skylight manufacturer and fabricator of other plastic products.
AiA’s business is segmented into two divisions. The skylight division manufactures standard and custom structural and domed skylights that are used in residential and commercial applications. The second division fabricates and vacuum forms plastic, including light fixture lenses, display cases and point of purchase displays. AiA was founded in 1977 and is headquartered in Denver (www.aiaindustries.com).
At closing, Ogdon Ventures hired David Wilkins to serve as the company’s new president and CEO. “AiA has built a great brand and has successfully manufactured quality products for their loyal customer base for more than 40 years,” said Mr. Wilkins. “We look forward to building on this foundation with a sales and marketing playbook supported by an increased digital presence offering customers different ways to buy.”
“We are very excited to have the opportunity to work with the knowledgeable team, the dedicated customer and supplier base, and the addition of David Wilkins,” said Bob Ogdon, Managing Partner of Ogdon Ventures. “AiA Industries is perfectly aligned with our investment criteria and we look forward to growing the business.”
Ogdon Ventures invests in lower middle market companies with positive EBITDA from $500,000 to $2 million. Sectors of interest include distribution, manufacturing/wholesale and services. Ogdon Ventures is a family run private equity firm and is led by Bob, Dan and Mike Ogdon. The firm is headquartered in Littleton, CO (www.ogdonventures.com).
© 2018 Private Equity Professional | August 27, 2018