Return to search

Superior Capital’s Rostra and Aldora close on acquisitions

Superior Capital Partners has made add-on acquisitions for its its Rostra Precision Controls and Aldora Aluminum & Glass platforms. Rostra Precision Controls has bought New Jersey based-Vehicle Safety Manufacturing, a producer of turn-signal switches and lighting products for the heavy-duty truck and slow-moving vehicle industry. And, Aldora Aluminum & Glass has acquired the assets of Florida-based Peterson Industries, a maker of framed and frameless shower doors, mirror doors, closet doors and glass enclosures. No financial terms were disclosed for either transaction.

PRESS RELEASE

DETROIT, Oct. 23, 2014 /PRNewswire/ — Superior Capital Partners LLC, a Detroit-based private equity firm, announced today that it has completed add-on acquisitions for its Rostra Precision Controls and Aldora Aluminum & Glass platforms. Rostra Precision Controls purchased Vehicle Safety Manufacturing, LLC, a New Jersey-based manufacturer of turn-signal switches and lighting products for the heavy-duty truck and slow-moving vehicle market. Aldora Aluminum & Glass acquired the assets of Peterson Industries, Inc., a Florida-based manufacturer of framed and frameless shower doors, mirror doors, closet doors and glass enclosures. The transactions represent the 17th and 18th acquisitions from Superior’s 2008 inaugural fund.

Rostra Precision Controls is a leading manufacturer and distributor of electronic accessories including obstacle sensing systems, cruise controls and comfort systems to the light-vehicle aftermarket. Rostra also manufactures electronic transmission components for the automotive aftermarket and for original equipment manufacturers. The acquisition of Vehicle Safety expands the company’s electronic products offering into turn-signal switches and lighting components. It also provides an entry into the heavy-duty industry through which the Accessories Division will market its core obstacle sensing, cruise control, and comfort system product lines.

Superior’s Aldora Aluminum & Glass platform is a fabricator and value-added distributor of architectural glass and aluminum products. The company customizes its products to architectural specifications by cutting, tempering, laminating, insulating and assembling large glass and aluminum components. Aldora’s products are used in a wide range of applications including impact (hurricane resistant) and non-impact storefront and entrance doors and frames, shower doors, window systems and curtain wall systems. The acquisition of Peterson expands Aldora’s presence and completes its product line in the growing shower door category. Combined, Aldora and Peterson serve over 1,500 customers located throughout the eastern U.S.

Mark Carroll, Superior’s Managing Partner, commented, “The transactions demonstrate our continued focus on expanding our market-leading platforms through highly-complementary add-on acquisitions. These add-ons represent the 11th and 12th companies Superior has added to its six platform investments. Rostra and Aldora will continue to look aggressively at add-on opportunities in their respective industries.”
As a special situations fund, Superior combines capital, transaction experience and operational improvement expertise with proven management teams who have the vision, capability and commitment to successfully improve and grow their businesses. Superior seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. Generally, these companies will have annual revenue of $10 to $150 million, identifiable growth opportunities and the need for capital and resources to implement a growth and recovery plan.

Related websites:
www.superiorfund.com
www.rostra.com
www.vehiclesafetymfg.com
www.aldora-architectural.com
www.petersonindustries.com