Altus Capital Partners Acquires GED Integrated SolutionsJune 11th, 2015 by Casey Flores
A Wilton, Conn.-based investment firm is investing heavily in the door and window manufacturing industry by acquiring a major player.
Altus Capital Partners, an investment firm focused on middle-market manufacturing companies in the U.S., has acquired GED Integrated Solutions Inc.
According to a company statement, 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.”
“We are very excited to now be partnering with Altus Capital Partners as we continue to grow,” says Bill Weaver, GED’s president and CEO. “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, says it was the company’s technological advancements that made it an attractive option to the investment firm.
GED is a nearly 40-year-old company. Its headquarters and manufacturing operations are in Twinsburg, Ohio.
Financial terms of the investment were not disclosed. The sellers were comprised of an investment group and were advised by Brown Gibbons Lang & Company.