Sky Island Capital has made a majority investment in Polished Metals Limited. No financial terms were disclosed. Based in Hillside, New Jersey, Polished Metals is a polisher and supplier of architectural and ornamental metals.
Dallas, Texas – February 18, 2020 – Sky Island Capital (“Sky Island”), a Dallas‐based lower middle market private equity firm, is excited to announce that it has made a majority investment in Polished Metals Limited (“Polished Metals” or the “Company”) alongside the founding Lazarus family. Headquartered in Hillside, New Jersey, Polished Metals is one of the country’s largest polishers and suppliers of architectural and ornamental metals, offering a variety of finishes and metals to several end markets, including the architecture and design community, elevators, escalators, transportation, and many others.
The Company is known throughout North America for its quality, reliability, and unique ability to polish high‐quality, mirror‐ and satin‐ finished sheets, bars, tubes, angles, and other shapes that have been featured in iconic architectural projects, including Hudson Yards, the National Museum of the U.S. Army, and One World Trade Center. Pat Murley, a Partner of Sky Island, commented,
“We are grateful that the Lazarus family chose to partner with Sky Island for their next stage of growth. We are looking forward to expanding the business while continuing to focus on the quality and customer service that has been a trademark of Polished Metals.”
“We are excited to partner with the Sky Island team. This transaction will allow us to take advantage of numerous new growth opportunities and ultimately better serve our customers,” remarked David Lazarus, President of Polished Metals.
Jack Waterstreet, the Managing Partner of Sky Island, stated, “We are enthusiastic about the industrial metal processing space and plan to grow through organic investment as well as completing add‐on acquisitions that bolster the Company’s product portfolio and customer base.”
About Sky Island
Sky Island Capital (www.skyislandcap.com) is a lower middle market private equity firm based in Dallas, Texas that makes control investments in strategically viable North American manufacturing companies that exhibit transformational upside potential. Sky Island has $135 million of assets under management and focuses on situations where it can draw upon its deep operational experience to support senior management in driving significant value creation through operational and strategic partnership, including add‐on acquisitions. Sky Island is comfortable with and has a history of executing transactions with complex dynamics, including corporate carve‐outs, public to privates, family‐owned businesses, lender‐controlled businesses, management buyouts, and other special situations.
About Polished Metals Limited
Founded in 1979, Polished Metals Limited (www.polishedmetals.com) is one of the country’s largest polishers and suppliers of architectural and ornamental metals, offering a variety of finishes and metalsto several end markets, including the architecture and design community, elevators, escalators, transportation, and many others. The Company is headquartered in Hillside, New Jersey and maintains a diverse customer base throughout North America.