PE-backed GED buys Norfield

GED Integrated Solutions, a portfolio company of The Beekman Group, has acquired California-based Norfield Inc, a provider of equipment, parts and services primarily for the door manufacturing market.

GED Integrated Solutions, a portfolio company of The Beekman Group, has acquired California-based Norfield Inc, a provider of equipment, parts and services primarily for the door manufacturing market. No financial terms were disclosed.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–The Beekman Group (“Beekman”) announced today that its portfolio company GED Integrated Solutions, Inc. (“GED”) has acquired Norfield, Inc. (“Norfield”), a California-based provider of equipment, parts, and services primarily to the door manufacturing market. Norfield serves a diverse base of customers and is a leader in the pre-hung door machinery industry, with decades of experience providing value-added solutions that support automation. Norfield was founded in 1959 and has a tenured staff that has driven strong, long-term performance with excellent products and customer service. Norfield is headquartered in Chico, CA and has a second facility in the Raleigh, NC area.

Bill Weaver, CEO of GED, commented, “We are highly impressed with Norfield’s market position, their product portfolio, and long-term customer relationships. Their successful history of serving the door manufacturing market and their focus on value-added solutions is a terrific match for GED, and we are thrilled to welcome them to the GED family. We believe we will accomplish more together in the years to come than we could as separate companies.”

Jeff Reed, Executive Chairman of GED added, “Norfield and GED are leaders in their respective equipment markets, and they share the same goals of delivering high quality products, services and aftermarket parts to their customers. The two businesses will complement each other well, and I along with Beekman and GED look forward to supporting their continued growth.”

GED is the third platform investment for Beekman Investment Partners IV, LP.

About The Beekman Group
The Beekman Group is a private equity firm, based in New York City, dedicated to partnering with management teams to grow companies into market leading businesses. Beekman manages over $800 million of capital and has access to additional capital through strategic co-investment relationships. Beekman focuses on lower middle market investments in service-related sectors including healthcare services, consumer services, and business services. Beekman partners with management teams who desire to be significant owners and create meaningful value by accelerating organic and acquisition growth initiatives. The Beekman team consists of experienced private equity professionals, as well as a select group of Operating Advisors, who are leading executives in Beekman’s targeted industry segments. This Industry Advisor approach to investing is the cornerstone of Beekman’s investment strategy – bringing financial and operational resources to lower middle market companies in order to accelerate growth and create value for all shareholders. For more information, please visit www.thebeekmangroup.com.

About GED Integrated Solutions, Inc.
GED offers a variety of equipment, parts, software, and service used in the manufacture and assembly of insulated glass (“IG”) and window and door fabrication. GED remains the only provider of equipment capable of producing the Intercept “Warm-Edge” Spacer, a proprietary insulated glass system with enhanced thermal capabilities, superior quality and unmatched productivity. GED provides its customers with engineered, modular solutions and software systems that increase automation and are adaptable to specific manufacturing within the residential window and door markets. For more information visit www.gedusa.com.

About Norfield, Inc.
Norfield has been serving the North American pre-hung door machinery market since 1959 and offers a variety of equipment, parts and services to a diverse base of customers. Norfield’s signature products are the Magnum and Eagle machines. Norfield’s mission is to deliver long-term customer satisfaction by designing and building state-of-the-art machinery and then supporting it with replacement parts, technical expertise, field service, and a full catalog of specialty tools and other products. For more information visit www.norfield.com.