Ogdon Ventures, a lower-middle market private equity firm, has acquired AIA Industries Inc, a skylight manufacturer and plastic fabricator. No financial terms were disclosed. Also, Ogdon has hired David Wilkins as president and CEO of AIA Industries.
DENVER, Aug. 23, 2018 /PRNewswire/ — AIA Industries Inc., a leading skylight manufacturer and plastic fabricator, announces it has been acquired by Ogdon Ventures, a family-run private equity firm seeking investments in the lower middle market. With a vision toward growth, Ogdon Ventures has hired David Wilkins to serve as President and CEO of the new organization, AIA Industries, LLC.
“AIA Industries Inc. has built a great brand and has successfully manufactured quality products for their loyal customer base for more than 40 years,” said David Wilkins. “We look forward to building on this foundation with a sales and marketing playbook supported by an increased digital presence offering customers different ways to buy.”
AIA Industries, LLC has been in business since 1977 and operates two divisions. The skylight division focuses on developing high-end architectural daylighting solutions for residential and commercial applications and has a product line of standard and custom structural and domed skylights. The second division fabricates and vacuum forms plastic, including light fixture lenses, display cases and point of purchase displays.
“We are very excited to have the opportunity to work with the knowledgeable team, the dedicated customer and supplier base and the addition of David Wilkins,” said Bob Ogdon, Managing Partner of Ogdon Ventures and Chairman of the Board of AIA Industries, LLC. “AIA Industries Inc. perfectly aligned with our investment criteria and we look forward to growing the business.”
About Ogdon Ventures
Ogdon Ventures is a family run private equity firm with a combined 50 years of experience raising capital to start, acquire, operate and grow companies. Ogdon Ventures seeks to acquire lower middle market companies with positive EBITDA that would benefit from modern digital marketing and business development strategies and automation of operational activities through the use of technology. http://www.ogdonventures.com