Tuckerman Sells Auto & Truck Glass

Tuckerman Capital has sold Auto & Truck Glass LLC to Guardian Industries Corp. for an undisclosed amount. Auto & Truck Glass is a Mission Viejo, Calif.-based provider of windshield replacement and installation services to the U.S. rental car industry. It was advised on the sale by Prestwick Partners.

PRESS RELEASE

Prestwick Partners, LLC (“Prestwick”) is pleased to announce the sale of substantially all the operating assets of Auto & Truck Glass LLC (“ATG” or the “Company”) of Mission Viejo, California, to an affiliate of Guardian Industries Corp. (“Guardian”) of Auburn Hills, Michigan.  ATG was a portfolio company of Tuckerman Capital, a private equity group based in Hanover, New Hampshire.  The terms of the transaction were not disclosed.  Prestwick Partners, LLC acted as the exclusive advisor to ATG and Tuckerman Capital.

Auto & Truck Glass LLC (www.atgglass.com) is the largest national provider of windshield replacement and installation services to the U.S. rental car industry.  The Company serves most of the largest domestic rental car companies including Advantage, Alamo, Avis, Budget, Dollar, Enterprise, FOX, National, Payless, and Thrifty Car Rental.

ATG also serves the remarketing industry's regional auto auctions and consignors, including automotive manufacturers, large fleet operators, dealers, and finance and leasing organizations.

Guardian Industries Corp. (www.guardian.com) Guardian is a diversified global manufacturing company with leading positions in float glass, fabricated glass products, fiberglass insulation and other building materials for commercial, residential and automotive markets. Through its Science & Technology Center, Guardian is at the forefront of innovation including development of high performance glass coatings and other advanced products. Guardian, its subsidiaries and affiliates employ 21,000 people and operate facilities throughout North America, Europe, South America, Asia, Africa and the Middle East.

Tuckerman Capital (www.tuckermancapital.com) is a private investment firm that works with deal partners to acquire profitable manufacturing and service companies with enterprise values ranging from $5 million to $25 million.  Unlike a traditional buyout fund, Tuckerman Capital can act as the sole provider of capital – both debt and equity – bringing certainty to the acquisition funding process. The managing partners of Tuckerman Capital have completed over thirty acquisitions with an aggregate enterprise value in excess of $400 million.

About Prestwick Partners

Prestwick Partners (www.prestwickpartners.net) is a boutique investment banking firm founded to provide lower middle-market companies with merger and acquisition (M&A) advisory services. The founders of Prestwick have been representing companies in M&A transactions together since 1995. Since establishing Prestwick in 2003, the firm has completed 18 engagements, or approximately three to four assignments each year. Prestwick is committed to providing the highest level of senior attention to detail, thoughtful advice and creative deal-making experience to each client and transaction. These are the characteristics we believe a boutique should offer and the reason Prestwick focuses on executing fewer, quality deals each year.