G.W. Anglin Manufacturing Inc, a portfolio company of Canadian private equity firms Carpedia Capital and Banyan Capital Partners, has acquired Amtech for an undisclosed amount. The deal, which builds on G.W. Anglin’s acquisition of Laval, Québec-based Polytek Equipments Inc in April 2015, will further expand the company’s commercial fleet upfitting business in Québec. With headquarters in Tecumseh, Ontario, G.W. Anglin is a diverse manufacturer of parts and aftermarket truck and van equipment. It has been backed by Carpedia and Banyan, an affiliate of Connor, Clark & Lunn Financial Group, since 2011.
G.W. Anglin Manufacturing Inc. Acquires Amtech to Further Expand in Quebec Market
MONTREAL, QC and WINDSOR, ON, Sept. 15, 2015 /CNW/ – G.W. Anglin Manufacturing Inc. (“GWA” or the “Company”), a portfolio company of Carpedia Capital Ltd. and Banyan Capital Partners, announced today the expansion of its commercial fleet upfitting business in Quebec through the acquisition of 9175-3681 Québec Inc. (operating as “Amtech”).
“We are delighted to augment GWA’s existing Quebec operations with such a respected industry player as Amtech, which is recognized throughout Quebec for the quality of its products and customer service. GWA welcomes Amtech’s entire staff, as well as its founder Michel Sauvageau, to the GWA team. Mr. Sauvageau will be President of GWA’s Quebec operations and we look forward to working closely with him as a partner in GWA to accelerate growth, drive innovation and add value for customers. This transaction marks a significant milestone for GWA in execution of its strategic plan to become Canada’s leading commercial fleet upfitter”, said Loris Boschin, CEO and President of GWA.
About G.W. Anglin Manufacturing Inc.
GWA is a leading upfitter in Canada for large scale, high performance commercial fleets which are utilized by large natural gas utility, electrical utility and telecommunications customers, particularly for complex vehicles. As one of Canada’s few vertically integrated commercial vehicle upfitters, GWA designs, manufactures and installs a majority of the product it integrates into vehicles, providing customers with turn-key work vehicle solutions. GWA is a Tier 1 supplier of low volume, light metal fabrications incorporated into heavy equipment vehicles and also a Tier 2 supplier of low volume automotive parts. Please refer to www.gwanglin.com for further information.
About Carpedia Capital Ltd.
Carpedia Capital Ltd. (“Carpedia Capital”) invests in fundamentally strong Canadian businesses in which sustainable profit improvement can be created through the Carpedia approach to building great businesses. Carpedia Capital is the investing arm of the operations improvement consulting firm Carpedia International, which is singularly focused upon delivering tangible, measurable, sustainable profit improvement through improvements to processes, systems and behaviours. www.carpediacapital.com
About Banyan Capital Partners
Banyan Capital Partners is a Canadian-based private equity firm that buys and invests in private and public middle-market companies located in North America. As a generalist firm, Banyan provides full or partial liquidity to existing owners or partners with owners wishing to grow their companies and become more successful. Banyan is part of the Connor, Clark & Lunn Financial Group, a multi-boutique asset management company whose affiliates collectively manage over $60 billion of assets on behalf of advisors, individuals and institutional investors. www.banyancapitalpartners.com
SOURCE Banyan Capital Partners
For further information: Media Contacts: Loris Boschin, President and CEO, G.W. Anglin Manufacturing Inc., (519) 727-4398 ext 226; Carpedia Capital Ltd., Glen Ampleford, Vice-President, (416) 364-8842; Banyan Capital, Partners, Jeff Wigle, Managing Director, (416) 216-7076
Photo courtesy of G.W. Anglin Manufacturing Inc