CSW Industries has acquired Canada-based Greco Aluminum Railings, a maker of architectural railing systems. The seller was O2 Investment Partners. No financial terms were disclosed. Quarton International served as investment banking adviser to O2 and Greco on the transaction.
BIRMINGHAM, Mich., March 20, 2017 /PRNewswire/ — Quarton International is pleased to announce that Greco Aluminum Railings (“Greco” or the “Company”), a portfolio company of O2 Investment Partners (“O2”), has been acquired by CSW Industrials (“CSWI”). Greco is a leading designer, manufacturer and installer of highly engineered architectural railing systems throughout North America. The Company’s products are utilized for the renovation, restoration and new construction of balcony railings in apartments and condominiums, as well as other commercial structures. Greco is the preferred brand among its customers for railings due to its high quality, unlimited design options, reliability, safety and ease of installation. The Company’s extensive manufacturing capabilities and innovative design expertise enables product specifiers and customers to customize their railing systems using a variety of alternatives, including railing type, railing profiles, infill options, decorative patterns and colors.
Quarton International acted as the exclusive investment banking advisor to O2 and Greco in connection with the transaction.
Greco Aluminum Railings (www.grecorailings.com) designs, engineers, manufactures and installs architectural railing systems throughout North America. Founded in 1991 in Windsor, Ontario, Canada, with a growing presence in the United States, Greco railings are utilized for the renovation, restoration and new construction of multi-family apartments and condominiums, among other commercial structures.
O2 Investment Partners (www.o2investment.com) is a Midwestern based private equity firm that seeks to acquire a majority interest in lower middle market manufacturing, niche distribution and select service and technology businesses. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value. O2 invests equity on behalf of its principals as well as a core network of other limited partners and strategic investors. The firm invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management.
CSW Industrials (NasdaqGS: CSWI) (www.cswindustrials.com) is a diversified industrial growth company with well-established, scalable platforms and domain expertise across three segments: Industrial Products; Coatings, Sealants & Adhesives; and Specialty Chemicals. CSWI’s broad portfolio of leading products provides performance optimizing solutions to its customers. CSWI’s products include mechanical products for heating, ventilation and air conditioning (“HVAC”) and refrigeration applications, architecturally specified building products, coatings and sealants, and high performance specialty lubricants. Markets that CSWI serves include HVAC, general industrial, rail car and locomotive, plumbing, commercial construction, oil and gas, mining, electrical, steel, and transportation.
ABOUT QUARTON INTERNATIONAL
Quarton International (www.quartoninternational.com) is a leading middle-market investment banking firm that provides merger & acquisition and capital raising advisory services to a diverse set of global clients. Quarton has offices in Berlin, Detroit, Frankfurt, Graz, Indianapolis, Leipzig, London, Minneapolis, Munich and Zurich. All securities offered through Quarton Securities, L.P., a member of FINRA and SIPC, and an affiliate of Quarton International.