NEW YORK--(BUSINESS WIRE)--Beekman Investment Partners IV, LP ("Beekman"), a leading private equity firm based in New York, today announced that an affiliate has completed the acquisition of GED Integrated Solutions, Inc ("GED" or the "Company"). Ohio-based GED was founded in 1977 and is a market leader in intelligent automation systems for the U.S. fenestration industry, providing value-add equipment, software, parts, and service to the country’s largest window manufacturers. GED has significant market share in its core verticals and uses a consultative approach with customers to provide engineered solutions. Beekman partnered in the transaction with GED management and Jeff Reed, Beekman’s Industry Advisor for Industrial Services investments. GED has a tenured operating team and a long track record with its customers.
Bill Weaver, CEO of GED, commented, “We are thrilled to partner with Beekman and look forward to building on our culture of engineering excellence to continue providing equipment, software, and support that automates critical processes for our customers. The Beekman team including Jeff Reed have significant experience in industrial services and automation, and they will bring more than just financial support in the years to come. With their involvement, we are confident in achieving our growth objectives and our ability to serve customers with the excellence they expect.”
Jim Clippard, Principal at Beekman, stated "GED has a long track record of providing differentiated, highly engineered automation solutions in the window industry, and compelling ROI to its customers through labor efficiency initiatives. Their high market share speaks volumes about the effectiveness of their automation products, responsive service, and customer support. We are excited to support the GED team in the next phase of growth, both organic and through M&A, with the goal of building a broader industrial automation platform.”
Jeff Reed added, “GED is a terrific platform and I look forward to partnering with Beekman and the GED management team. I have extensive experience within the industrial automation and equipment space and have completed several past transactions with the Beekman deal team. I see many attractive growth opportunities for GED both organic and through acquisitions.”
GED is the third platform investment for Beekman Investment Partners IV, LP and its second investment to close in the past month.
About The Beekman Group
The Beekman Group is a private equity firm, based in New York City, dedicated to partnering with management teams to grow companies into market leading businesses. Beekman manages over $800 million of capital and has access to additional capital through strategic co-investment relationships. Beekman focuses on lower middle market investments in service-related sectors including healthcare services, consumer services, and business services. Beekman partners with management teams who desire to be significant owners and create meaningful value by accelerating organic and acquisition growth initiatives. The Beekman team consists of experienced private equity professionals, as well as a select group of Operating Advisors, who are leading executives in Beekman's targeted industry segments. This Industry Advisor approach to investing is the cornerstone of Beekman's investment strategy – bringing financial and operational resources to lower middle market companies in order to accelerate growth and create value for all shareholders. For more information, please visit www.thebeekmangroup.com.
About GED Solutions, Inc.
GED offers a variety of equipment, parts, software, and service used in the manufacture and assembly of insulated glass (“IG”) and vinyl window frames. GED remains the only provider of equipment capable of producing the Intercept “Warm-Edge” Spacer, a proprietary insulated glass system with enhanced thermal capabilities and quality. GED provides its customers with engineered, modular solutions that increase automation and are adaptable to specific manufacturing needs in the vinyl window market. For more information visit www.gedusa.com.