Altus Capital Partners II, L.P. Acquires GED Integrated Solutions, Inc.
By Business Wire News
By Business Wire News
Altus Capital Partners, an investment firm focused on middle market manufacturing companies in the U.S., announced today the acquisition of GED Integrated Solutions, Inc. (“GED” or the “Company), the North American market share leader in fully integrated insulating glass and vinyl window fabrication, machinery systems and software solutions. Altus, along with the company’s senior management team, made this investment to support GED’s continued growth as the premier manufacturer of capital equipment solutions to the residential window and patio door industries. The financial terms of the investment were not disclosed. The sellers were comprised of an investment group and were advised by Brown Gibbons Lang & Company.
GED Integrated Solutions, Inc., which was founded in 1977, is headquartered and has its manufacturing operations in Twinsburg, Ohio. The Company manufactures a full suite of insulated glass manufacturing lines and vinyl sash and frame fabrication equipment for residential window and patio door manufacturers. The Company serves the top North American window and door manufacturers and is most notably known for its Intercept® i-3 Warm Edge spacer frame production system which is considered an industry standard among its customers. GED has been widely regarded by its customers as a technology innovator as evidenced by its equipment solutions that streamline manufacturing processes by dramatically lowering production costs, increasing operational throughput and efficiency, and improving quality.
Bill Weaver, GED’s Chief Executive Officer and President, said, “We are very 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 strategic growth objectives.”
Russell Greenberg, Managing Partner of Altus Capital Partners, commented, “Altus is enthusiastic to partner with GED’s management team in acquiring the leading manufacturer of insulated glass and vinyl sash fabrication equipment in North America. We recognize and value management’s depth of capabilities along with the Company’s exceptional technological advancements, which has earned GED its industry leadership position.” Greg Greenberg, Senior Partner of Altus, said, “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.”
About Altus Capital Partners
Headquartered in Wilton, CT with offices in Lincolnshire, IL, Altus Capital Partners invests alongside management teams in profitable small to medium-sized manufacturing companies domiciled in the U.S. that have proprietary technologies, processes, and products. The Altus investment team is led by three partners, who, in over 15 years of investing together, individually and collectively, have acquired over 20 platform companies. For more information on Altus, please visit www.altuscapitalpartners.com.