Altus Capital Partners, an investment firm focused on middle market industrial companies headquartered in the US, has sold GED Integrated Solutions (GED). Financial terms of the transaction have not been 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, says: “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, says: “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.
