Altus Capital Partners has acquired GED Integrated Solutions, a maker of equipment used to fabricate insulating glass and vinyl windows used for the residential window and patio door industries. The company’s senior management team co-invested alongside Altus in this transaction.
“GED has a long tradition of providing innovative solutions and delivering to its customers superior value through first class manufacturing. We look forward to working with and supporting management to expand upon this legacy,” said Greg Greenberg, Senior Partner of Altus.
GED Integrated Solutions has been a portfolio company of Brockway Moran & Partners since September 2005 when it acquired the company from Morgenthaler Partners. The company was founded in 1977 and is headquartered south of Cleveland in Twinsburg, OH (www.gedusa.com).
“We are excited to now be partnering with Altus Capital Partners as we continue to grow. GED has consistently built on its foundation of innovation and we look forward to the strengths and resources that Altus can provide to help us achieve our growth objectives,” said Bill Weaver, GED’s Chief Executive Officer and President.
Altus Capital Partners invests in corporate divestitures, management-led buyouts, and privately-held or family-owned businesses with manufacturing operations based primarily in the Midwest and Eastern regions of the United States. Target companies will have at least $5 million of EBITDA and an enterprise value from $30 million to $100 million. The firm is headquartered in Wilton, CT with an additional office near Chicago in Lincolnshire, IL (www.altuscapitalpartners.com).
GED Integrated was advised by Brown Gibbons Lang & Company (www.bglco.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 6-12-15
