Grey Mountain Partners Acquires Binswanger
January 6, 2012
Grey Mountain Partners has acquired Binswanger Enterprises LLC,
according to a release
issued by Grey Mountain this morning.
"We are buying an excellent business with incredible growth
prospects," says Will Pucillo of Grey Mountain. "Since
1872, Binswanger has been a leader in a fragmented industry and
is known as a reliable, customer-centric organization. Binswanger
serves the commercial and specialty glass, auto glass, and residential
glass end markets through over 70 locations."
"Grey Mountain's ownership enables the management team to
focus on a stand-alone business strategy," adds Pucillo. "Binswanger
is now independent of ownership by a glass fabricator or distributor,
which will allow greater diversity in product options. The management
team and over 750 employees can now focus on better serving its
customer base and growing into new parts of the market."
Binswanger had been operating
as an independent company prior to the sale of its former parent
company, Vitro America, in June to Sun Capital Partners.
Grey Mountain Partners is a Boulder, Colo.-based private equity
firm that invests in lower middle-market companies across a wide
range of industries and in transactions with enterprise values between
$30 million and $150 million.
This story is an original story by AGRR™ magazine/glassBYTEs.com™. Subscribe to AGRR™ Magazine.
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