Anthony Buys Big Services

Anthony, a manufacturer of glass doors and related products, has acquired the assets of Big Services Inc., a provider of remodeling and equipment installation services. Terms of the deal were not released. Based in Sylmar, Calif., Anthony is a portfolio company of Avista Capital Partners.

PRESS RELEASE

Anthony, the world’s largest and most technologically advanced manufacturer of glass doors and related products serving the global commercial refrigeration market, announced today that it has acquired substantially all of the assets of Big Services, Inc., a provider of remodeling and equipment installation services to retailers in nearly 30 states. The terms of the transaction were not disclosed. Anthony is a portfolio company of Avista Capital Partners.

Jeffrey Clark, Chief Executive Officer of Anthony, said, “The Anthony team is very excited about the growth opportunity that this acquisition provides. Big Services’ outstanding on-site installation and retrofit services complement our industry-leading technology and manufacturing capabilities in the commercial refrigeration market.  The combined company is well positioned to capitalize on the growing demand among retailers to enclose open refrigerated cases, which has the potential to drive over $1 billion in energy savings annually on a global basis while lessening the environmental impact of retail refrigeration systems.”

Tom Beatty, Chief Executive Officer of Big Services, said, “We are extremely pleased to be joining Anthony, a leader in the commercial refrigeration industry. This is a tremendous opportunity for our company and its employees to grow. The combined business will offer customers a complete energy solution as they continue to enclose open refrigerated and frozen display cases.”

Will Pack, Chief Operating Officer of Anthony, said, “The addition of Big Services to the Anthony team makes us the ideal partner for grocery retailers as they focus on energy conservation and the reduction of their carbon footprints. Big Services’ capability to install the retrofitted case closure solutions Anthony manufactures meaningfully enhances our service offering to retailers focused on improving the efficiency of their refrigeration equipment.”

The operations of Big Services, which employs over 60 people, will continue to be based in Crawford, Georgia.

About Anthony

Founded in 1958 and headquartered in Sylmar, CA, Anthony is the world’s largest manufacturer of specialty glass, commercial glass refrigerator and freezer doors, case lighting, and display and merchandising systems. Anthony provides customers with the most technologically advanced merchandising systems on the market, offering low-energy products to cut operating costs and help preserve natural resources. Anthony offers up to 70% energy savings by enclosing open refrigerator and freezer cases with Anthony Retrofit doors and Anthony OptiMax2 LED lighting systems. Anthony serves the commercial refrigeration markets in North America, South America, Asia, and Europe. For more information about Anthony, please visit www.anthonyintl.com.

About Big Services, Inc.

Big Services, Inc., based in Crawford, Georgia, was established in 1999 as a contractor to the retail industry.  Big completes interior renovations and facility modifications along with graphic and fixture installations for a variety and growing number of clients. Big can perform both individual construction projects and program management for multi-site rollout projects across the country. For more information visit: www.bigservicesusa.com.

About Avista Capital Partners

Avista Capital Partners is a leading private equity firm with over $4 billion under management with offices in New York, Houston, and London. Founded in 2005, Avista’s strategy is to make controlling or influential minority investments in growth-oriented energy, healthcare, media, industrial and consumer businesses. Through its team of seasoned investment professionals and industry experts, Avista seeks to partner with exceptional management teams to invest in and add value to well-positioned businesses.