Altus Capital Adds Window Frame Maker, as U.S. Housing Recovery Persists
Private equity firm Altus Capital Partners has acquired window installation-equipment maker GED Integrated Solutions Inc. for an undisclosed amount.
GED, headquartered in Twinsburg, Ohio, manufactures equipment that makes the frames for windows and patio doors.
Wilton, Connecticut-based Altus invests in small and medium-sized manufacturing businesses in the U.S. that have at least $4 million in Ebitda. The firm owns Rocla Concrete Tie, which it bought in 2013, and Gulf Coast Machine and Supply Co, which it bought in 2012. In August, the firm sold water-treatment business Aqua-Chem to Crimson Investment.
As the U.S. housing market has recovered, dealmakers have begun acquiring building products companies. In June, Stock Building Supply Holdings Inc. agreed to merge with Building Materials Holding Corp., and before that Fortune Brands agreed to buy cabinet-maker Norcraft Companies Inc. for $600 million.