GAL Manufacturing, a portfolio company of Golden Gate Capital, has acquired Comprehensive Manufacturing Services (CMS), a provider of door systems for freight elevators.
CMS’ products include power and manually operated freight elevator doors, car gates, car enclosures, and related components. The company’s freight door products are sold under the Courion and Security brand names and its cart lift products are sold under the Cart-Matic and Tote-Matic brand names. CMS also provides installation, repair, and modernization services for any type of freight elevator door system through Freight Tech, a wholly-owned New York-based subsidiary. The company was founded in 1921 and is headquartered in St. Louis (www.couriondoors.com).
CMS is led by its owners and principals Michael Garner and Bob Jackson who will remain in their current roles at CMS under GAL ownership. “Our company has always respected what GAL stood for and we’re glad to be a part of their organization. Their reputation throughout the industry is outstanding, and we’re confident that this partnership will allow us to deliver even more superior products and service to our customers,” said Mr. Jackson.
Golden Gate Capital acquired GAL Manufacturing, a designer, manufacturer, and distributor of elevator components and systems, in June 2017. GAL supplies nearly every electromechanical component used in elevator systems including door operators and associated door equipment, geared and gearless traction machines, universally compatible microprocessor controllers, safety components, signal fixtures, push-button panels, and structural assemblies. The company sells its products to thousands of independent elevator contractors and large elevator OEMs. GAL is headquartered in the Bronx, NY, with additional facilities in Quincy, IL, and Mississauga, ON (www.GAL.com) (www.hollisterwhitney.com) (www.GALCanada.com).
“Courion’s products are highly complementary to GAL’s broad product portfolio and Courion has established an excellent reputation for customer support and service that will bolster our efforts to provide an unrivaled range of products to independent elevator contractors and large elevator OEMs,” said Mark Boelhouwer, President and CEO of GAL.
Golden Gate Capital targets companies across a range of industries and transaction types, including going-privates, corporate divestitures, recapitalizations, and public equity investments. The firm has approximately $15 billion of capital under management and is based in San Francisco (www.goldengatecap.com).
© 2018 Private Equity Professional | January 9, 2018