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Fulcrum completes sale of frames manufacturer Alumicor for $54 mln

Canadian mid-market private equity firm Fulcrum Capital Partners has completed its previously-announced sale of Alumicor Ltd, a Toronto-based finisher and fabricator of aluminum frames for window, storefront, entrance and curtainwall products, to Apogee Enterprises Inc (Nasdaq: APOG). The price tag was approximately $54 million. Alumicor was acquired by Fulcrum in July 2007. Earlier in 2013, Fulcrum sold another portfolio company, Pompano Beach, Florida-based Qzina Specialty Foods North America, for US$32.7 million.

PRESS RELEASE

Fulcrum Capital Completes the Sale of Alumicor Limited

DECEMBER 2013

Fulcrum Capital Partners is pleased to announce the sale of Alumicor Limited (“Alumicor”) to Apogee Enterprises Inc. (NasdaqGS:APOG) (“Apogee”).

Fulcrum Capital’s Fund III acquired Alumicor in 2007. Alumicor finishes and fabricates aluminum frames for window, storefront, entrance and curtain wall projects for the Canadian construction industry. Apogee provides distinctive solutions for enclosing commercial buildings and framing art. Apogee acquired 100 percent of the stock of Alumicor for approximately C$54 million.

Fulcrum Capital is pleased to see Alumicor join a market leader in the commercial construction market and believes this transaction provides an extremely positive outcome for Alumicor and its employees, for Apogee and for Fulcrum.

For Apogee’s press release announcing the transaction, click here.

Fulcrum Capital Partners manages over C$750 million of capital with a mandate to provide private equity as well as mezzanine and bridge debt to mid-sized businesses. These investments typically support management buyouts, acquisitions, going private transactions, leveraged buyouts, corporate growth, financial restructurings, and project and property financings.

Visit our team profiles page and get to know the people and faces behind Fulcrum Capital Partners.

If you have any questions,
please contact:

Neil Johansen – (604) 631-8095
neil.johansen@fulcrumcapital.ca

John Philp – (416) 864-2705
john.philp@fulcrumcapital.ca

Photo courtesy of Shutterstock.