M&A Deal Summary

Gibraltar Industries Acquires AMICO

On October 7, 2005, Gibraltar Industries acquired manufacturer AMICO from Crescent Capital Group

Acquisition Highlights
  • This is Gibraltar Industries’ 1st transaction in the Manufacturing sector.
  • This is Gibraltar Industries’ 3rd transaction in the United States.
  • This is Gibraltar Industries’ 1st transaction in Alabama.
Investment Fate
  • AMICO was divested to a consortium of buyers in 2021.

M&A Deal Summary

Date 2005-10-07
Target AMICO
Sector Manufacturing
Buyer(s) Gibraltar Industries
Sellers(s) Crescent Capital Group
Deal Type Add-on Acquisition

Target

AMICO

Birmingham, Alabama, United States
website
AMICO is a manufacturer and distributor of industrial flooring, grating and expanded metal products for residential, commercial, and industrial customers. AMICO was founded in 1939 and is based in Birmingham, Alabama.

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Buyer(S) 1

Buyer

Gibraltar Industries

Buffalo, New York, United States

website


Category Company
Founded 1972
Sector Building Materials
Employees2,319
Revenue 1.4B USD (2022)
DESCRIPTION

Gibraltar Industries is a manufacturer and distributor of building products, focused on residential and low-rise commercial building markets, as well as industrial and transportation infrastructure markets. Gibraltar Industries was founded in 1972 and is based in Buffalo, New York.


DEAL STATS #
Overall 3 of 18
Sector (Manufacturing) 1 of 3
Type (Add-on Acquisition) 3 of 18
State (Alabama) 1 of 1
Country (United States) 3 of 15
Year (2005) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-27 Milcor

Holland, Ohio, United States

Milcor, Inc. is a manufacturer of a complete line of building products including access doors, roof hatches, vents, registers, bath cabinets and telescoping doors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-01 The Expanded Metal

Hartlepool, United Kingdom

The Expanded Metal Co. Ltd. is an expanded metal manufacturing company that specializes in mesh pressings and finished mesh products for the filtration and architectural markets, as well as supplying perforated sheets and alternatives to woven and welded wire. The Expanded Metal Co. was founded in 1889 and is based in Hartlepool, United Kingdom.

Buy -

Seller(S) 1

SELLER

Crescent Capital Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1991
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $35 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.


DEAL STATS #
Overall 12 of 47
Sector (Manufacturing) 3 of 5
Type (Add-on Acquisition) 5 of 19
State (Alabama) 1 of 1
Country (United States) 10 of 40
Year (2005) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-01 Coral Group Holdings .

London, United Kingdom

Coral Eurobet is a provider of off-track betting services in the UK.

Sell £2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-01 Collegiate Funding Services

Fredericksburg, Virginia, United States

Collegiate Funding Services, Inc., an integrated education finance company, engages in originating, financing, marketing, and servicing education loans in the United States. It assists consumers in financing and refinancing in the areas of undergraduate, graduate, professional, career, and continuing education training.

Sell $663M