PE-backed G.W. Anglin acquires Polytek Equipments

G.W. Anglin Manufacturing Inc, a portfolio company of Canadian mid-market private equity firms Banyan Capital Partners and Carpedia Capital, has bought the assets of Polytek Equipments Inc, a Laval, Québec-based upfitter and electronic services provider to commercial vehicle fleets. The acquisition’s value was not published. G.W. Anglin said the deal is a key milestone in its strategic plan to become Canada’s leading fleet vehicle upfitter. Founded in 1966, the Tecumseh, Ontario-based company has been backed by Banyan and Carpedia since 2011. Last June, Banyan funded the management buyout that created Newcrete Investments LP.

PRESS RELEASE

G.W. Anglin Manufacturing Inc. Purchases Polytek Equipments Inc.

MONTREAL and WINDSOR, ON, April 23, 2015 /CNW/ – G.W. Anglin Manufacturing Inc. (“GWA” or the “Company”) announced today that it has purchased the assets of Polytek Equipments Inc. (“Polytek”). As part of the transaction, Polytek will be rebranded as G.W. Anglin Manufacturing (Quebec) Inc.

“Establishing a local presence in Quebec, through the acquisition of one of the province’s leading upfitters and electronic service providers, achieves a key milestone in our company’s strategic growth plan to become Canada’s top commercial fleet upfitter,” said Loris Boschin, CEO and President of GWA.

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 the majority of the product it integrates into vehicles, providing customers with turnkey work vehicle solutions. GWA is a Tier 1 supplier of low volume, light-metal fabrications that are 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.

SOURCE Banyan Capital Partners
For further information: Media Contacts: Loris Boschin, President and CEO, G.W. Anglin Manufacturing Inc., (519) 727-4398 ext 226

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