Grey Mountain Partners Announces Norm Plotkin as CEO of Binswanger Enterprises

MEMPHIS, Tenn.--(BUSINESS WIRE)--Grey Mountain Partners announced today that Norm Plotkin has been named Chief Executive Officer of Binswanger Enterprises, LLC. Mr. Plotkin brings with him a 24-year track record of successfully managing and growing companies in a number of industries, including multi-site retail, building products and industrial services.

“I’m excited to have the opportunity to work with Binswanger’s management team, experienced employees, and suppliers to grow the business and better serve our customer base across the commercial and specialty glass, auto glass, and residential glass end markets.”

Mr. Plotkin was most recently CEO of Grey Mountain Partners affiliate company Bolttech Mannings, Inc. Mr. Plotkin’s first leadership position of a Grey Mountain affiliate company was as the President and CEO of Distribution International, where he achieved record success in both revenue and EBITDA growth between 2006 and 2010. Prior to these positions, Mr. Plotkin served as CEO of a multi-site retail operation and in various senior management roles in the real estate, building products, and retail industries. Mr. Plotkin holds a Bachelor of Arts degree from the University of Michigan and a Juris Doctor degree from George Washington University.

"Norm has an outstanding track record as a CEO at multiple companies that faced similar opportunities to those at Binswanger,” said Will Pucillo, Associate, Grey Mountain Partners. “His proven leadership style will benefit the current management team at Binswanger, its over 800 employees, its national supplier network, and customers throughout the U.S. We are very excited for the opportunity to have Norm as CEO of another Grey Mountain Partners affiliate company.”

"Binswanger has a rich history and an excellent reputation in the glass installation business,” Plotkin said. “I’m excited to have the opportunity to work with Binswanger’s management team, experienced employees, and suppliers to grow the business and better serve our customer base across the commercial and specialty glass, auto glass, and residential glass end markets.”

ABOUT BINSWANGER ENTERPRISES

With over 70 locations in 15 states, Binswanger is the largest full-service designer, retailer, and installer of architectural glass and aluminum products within the construction, residential, and automotive markets in the United States. Binswanger Glass was originally founded in 1872 and is headquartered in Memphis, TN. For more information, please visit www.binswangerglass.com.

ABOUT GREY MOUNTAIN PARTNERS

Grey Mountain Partners is a Boulder, CO-based private equity firm that focuses on partnering with management to create lasting value through operational improvements and buy and build strategies in fragmented markets. Grey Mountain invests in lower middle-market companies across a wide range of industries and in transactions with enterprise values between $30 million and $150 million. For more information, please visit www.greymountain.com.