Grey Mountain buys Binswanger
Update: Following the announcement of its purchase of Binswanger, Grey Mountain Partners announced it had also acquired Custom Components Co., the Tampa, Fla., manufacturer, fabricator and supplier of aluminum, stainless steel and glass architectural engineered products including interior and exterior railing systems, interior aluminum office fronts, and stile and rail doors. Read more...
Grey Mountain Partners, a Boulder, Colo., private equity firm, has acquired Binswanger Enterprises, LLC. Headquartered in Memphis, Tenn., Binswanger is a designer, installer and retailer of architectural glass and aluminum products, focused on the maintenance, repair and renovation of residential and commercial buildings, as well as the auto glass replacement market.
"We are buying an excellent business with incredible growth prospects," said Grey Mountain's Will Pucillo, in a release. "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,” Pucillo continued. “Binswanger is now independent of ownership by a glass fabricator or distributor, which will allow greater diversity in product options. Under Grey Mountain’s ownership, Binswanger’s management and over 750 employees can now focus on better serving its customer base and growing into new parts of the market.”
This announcement comes on the heels of Grey Mountain's acquisition of Global Security Glazing. Headquartered in Selma, Ala., GSG manufactures institutional security, military, and custom architectural glass and glazing products.
Visit GlassMagazine.com for additional details as they become available.