Cyprium Partners said Monday it has sold Atis Group to Fonds de solidarite FTQ, Capital regional et cooperative Desjardins, and Fondaction CSN. Financial terms weren’t announced. Lonqueuil, Quebec-based Atis makes and distributes windows and doors in Canada.
Cleveland, Ohio (PRWEB) March 02, 2015
Cyprium Partners is pleased to announce the sale ofAtis Group Inc., a leading Canadian window and door manufacturer, to a Quebec-based investment group led by Fonds de solidarite FTQ, Capital regional et cooperative Desjardins, and Fondaction CSN.
Atis, headquartered in Longueuil, Quebec, is a leading manufacturer and distributor of windows and doors in Canada, with 9 manufacturing facilities located in Québec, Ontario, British Columbia and New Brunswick and with over 1400 employees. The Company’s products are sold under various brand names including: LaFlamme, Vinylbilt, Solarcan, Vimat, Supervision, Melco, Allsco, Phoenix Glass and Altek.
In addition to its original investment in 2004, Cyprium Partners supported the Company through seven add–on acquisitions which allowed it to consolidate its leading position in Eastern Canada, as well as expand its operations in the western provinces of Canada.
“It has been a pleasure working alongside Robert Doyon and his team over the past ten years,” said Leland Lewis, a Managing Partner at Cyprium. “Atis has grown from its relatively modest Quebec roots into a national player with innovative, high quality products that are designed to satisfy the tastes of each of its local markets. I expect further dynamic growth from Atis over the next decade. We wish Robert and all the employees at Atis the best as they embark on the next stage of their development with their new owners.”
Beth Laschinger, a Partner at Cyprium, added, “Atis is a good example of how Cyprium’s investment philosophy, when combined with sound management, can benefit all stakeholders. This transaction is a win-win for our investors, the employees of Atis and the province of Quebec.”
About Cyprium Partners
Cyprium Partners is a private equity firm focused on non-control (minority ownership) investments. Cyprium utilizes a combination of subordinated debt, preferred stock and/or common stock to enable privately-held businesses, entrepreneurs and management teams to achieve their financial and/or strategic objectives. With offices in Cleveland, New York and Chicago, the firm invests $10 million to $60 million per transaction in U.S. and Canadian companies with $10 million or more of EBITDA. Learn more about Cyprium Partners at http://www.cyprium.com.