Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Home

Marketplace
Database
News
Store
Resources
Contact Us

 

 

News

 

Venture Capital Database 2019 Now Available!

Stellex Capital Management Completes Acquisition of Custom Glass Solutions

NEW YORK & LONDON, October 22, 2018-- Custom Glass Solutions, LLC (“CGS” or the “Company”) was acquired today by affiliates of Stellex Capital Management (“Stellex”), a middle market private equity firm with offices in New York and London. The financial terms of the transaction were not disclosed.

Based in central Ohio, CGS is a leading manufacturer of large-format laminated, tempered, value-added glass products used in vocational and recreational vehicle applications. Prior to the transaction, the Company was a subsidiary of Guardian Glass, LLC, which itself is part of Koch Industries, Inc.

"We are tremendously excited about the acquisition of Custom Glass Solutions,” said Mike Stewart, Managing Partner at Stellex. “We believe CGS is an exceptional business with deep industry know-how and excellent customer support. We look forward to partnering with CGS and its management team and employees to deliver the Company’s next chapter of growth through the combination of a customer-focused approach and operational excellence.”

“This transaction will enable CGS to leverage its newfound status as a standalone business to unlock several untapped growth opportunities,” added Mike Livanos, a member of the Stellex investment team. “CGS is a clear leader in the specialty glass market and one of the few companies capable of producing very large formats, challenging shapes, and technology-enabled solutions.”

The CGS management team, under the leadership of Chief Executive Officer Neale Yeomans, invested in the transaction and will continue to lead the business. “We are thrilled to have Stellex as a partner,” Yeomans commented. “With Stellex’s support, we are well positioned to address our customers’ evolving requirements. We are excited about driving our business to unparalleled levels of quality, product innovation, and operating efficiency with a partner that is committed to investing significantly in our people, technology, and infrastructure.”

Debt financing was provided by Czech Asset Management, L.P. Benesch, Friedlander, Coplan & Aronoff LLP acted as legal counsel to Stellex. Stinson Leonard Street LLP and Lincoln International LLC advised Guardian Glass on the transaction.

About Custom Glass Solutions

Custom Glass Solutions, LLC is North America’s leading producer of large-format, laminated glass systems. In addition to laminated glass, the Company also manufactures flat, bent, and tempered glass systems, offering a broad range of capabilities and the most diverse selection of products for many different specialty transportation segments, including RV, bus, truck, construction and agriculture, and other off-highway and municipal vehicles. CGS offers products like large, one-piece windshields, door glass, insulating glass, and roof glass as well as more advanced technologies like coated glass solutions, various forms of heated glass, and glass with embedded LEDs. For more information please visit: www.customglasssolutions.com/

About Stellex Capital Management

Stellex is a private equity manager that invests in and oversees U.S. and European corporate assets. Stellex’s focus is on middle-market companies going through business or industry transitions, as well as special situation opportunities. Stellex seeks to identify and deploy capital in opportunities that have the potential to provide stability, improvement, and growth for its portfolio companies. For more information please visit: www.stellexcapital.com.

Contact:
Media:
Laura Brophy
Marketcom PR
203-331-7618
lbrophy@marketcompr.com


News Index

Venture Capital Database 

 

 NEWS

Latest VC News
VC News Archive
News Search
RSS News Feed

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

Business Plan Tools

Free Business Plan Template
Business Plan Tools

 

Copyright © 1998-2019 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer