WILTON, Conn.--(BUSINESS WIRE)--Altus Capital Partners, an investment firm focused on middle market industrial companies headquartered in the U.S., announced today the sale of GED Integrated Solutions, Inc.(“GED”). Financial terms of the transaction were not disclosed.
Altus Capital Partners acquired GED in June of 2015 alongside the senior management team of GED to support the Company’s growth and expansion efforts. Headquartered in Glenwillow, Ohio, GED is the North American leader in intelligent automation systems for the fenestration industry. The Company’s integrated equipment, software and aftermarket parts and service provides window OEMs with end-to-end manufacturing process solutions.
Bill Weaver, GED’s Chief Executive Officer, said, “We have been fortunate to have partnered with Altus Capital Partners in strengthening GED’s growth platform over the last four years. The Altus team brought more than just financial resources to the relationship; they worked collaboratively with our management team on our growth strategy, demonstrating a strong commitment to our company’s success. We have had a great run with Altus and wish them continued success.”
Russell Greenberg, Managing Partner of Altus Capital Partners, commented, “We want to thank the management team of GED under the leadership of Bill Weaver for building and strengthening the business during our ownership. This has been an important investment for Altus and we wish GED much success in the future.”
BlackArch Partners served as the exclusive financial advisor to Altus Capital Partners and GED in the transaction.
About Altus Capital Partners
Altus Capital Partners is a private equity firm that makes control investments in middle market manufacturing businesses that employ technology and automation. We believe that our exclusive focus on manufacturing provides us with a unique understanding of the opportunities and challenges faced by companies in the sector. We utilize a patient, thoughtful investment approach and partner with the management teams of our operating companies to achieve growth. For more information, please visit www.altuscapitalpartners.com.
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 https://www.gedusa.com/.