Binswanger Glass, a portfolio company of Grey Mountain Partners since December 2011, has acquired the assets of Signature Glass, a commercial glazing contractor.
Signature Glass is a commercial glazing contractor of curtain wall and window wall systems, storefront and entrance systems, and in-house fabrication of aluminum framing systems. Customers include general contractors and business owners on construction projects ranging from storefronts to mid-rise commercial and institutional buildings. The company was founded by Mike and Sandy Skobla in 1999 and is headquartered in Houston (no website found).
“We are privileged to partner with Mike and Sandy and all of Signature Glass’s employees to continue providing excellent glazing service to customers throughout the Houston metropolitan area,” said Tim Curran, CEO and President of Binswanger Glass. “This acquisition is representative of the growth plan for Binswanger Glass, which comprises bolstering our presence in growing markets such as Houston, expanding into new geographies outside of our current footprint, and partnering with strong operators that have built a dependable team of glaziers.”
Binswanger Glass is a designer, retailer, and installer of architectural glass and aluminum products within the construction, residential, and automotive markets. The company has 66 locations across 15 states. Binswanger Glass was founded in 1872 and is headquartered in Memphis (www.binswangerglass.com).
Grey Mountain Partners invests up to $75 million in control acquisitions of companies with enterprise values between $30 million and $150 million. Sectors of interest include aerospace & defense, building products & materials, business process outsourcing, diversified manufacturing, energy & power, financial services, food & beverage, healthcare services & technology, industrial services, packaging, professional services, specialty chemicals, technology, transportation & logistics, wholesale and distribution. Grey Mountain was founded in 2003 by Managing Partners Rob Wright and Jeff Kuo and is based in Boulder with additional offices in Minneapolis and Pittsburgh (www.greymountain.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 9-9-15