M&A Deal Summary

Gibraltar Industries Acquires Quality Aluminum Products

On August 23, 2022, Gibraltar Industries acquired building materials company Quality Aluminum Products from Blackford Capital and Salem Investment Partners for 54M USD

Acquisition Highlights
  • This is Gibraltar Industries’ 6th transaction in the Building Materials sector.
  • This is Gibraltar Industries’ 3rd largest (disclosed) transaction.
  • This is Gibraltar Industries’ 15th transaction in the United States.
  • This is Gibraltar Industries’ 2nd transaction in Michigan.

M&A Deal Summary
Date 2022-08-23
Target Quality Aluminum Products
Sector Building Materials
Buyer(s) Gibraltar Industries
Sellers(s) Blackford Capital
Salem Investment Partners
Deal Type Add-on Acquisition
Deal Value 54M USD

Target

Quality Aluminum Products

Flat Rock, Michigan, United States
Quality Aluminum Products is a manufacturer of exterior aluminum building products for new construction and remodeling within the residential and light commercial construction markets. Quality Aluminum Products was founded in 1990 and is based in Flat Rock, Michigan.

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Buyer(S) 1

Buyer

Gibraltar Industries

Buffalo, New York, United States
Category Company
Founded 1972
Sector Building Materials
Employees2,097
Revenue 1.4B USD (2023)
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 18 of 18
Sector (Building Materials) 6 of 6
Type (Add-on Acquisition) 18 of 18
State (Michigan) 2 of 2
Country (United States) 15 of 15
Year (2022) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-23 Gibraltar - Industrial business

Buffalo, New Hampshire, United States

Gibraltar's Industrial business is a provider of products and services for renewable energy. Gibraltar's Industrial business is based in Buffalo, New Hampshire.

Sell -

Seller(S) 2

SELLER

Blackford Capital

Grand Rapids, Michigan, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Blackford Capital is a private investment firm that targets mature or growth-oriented manufacturing, distribution, and service companies located in North America. Specific areas of interest include paper; rubber and miscellaneous plastics; stone, clay, and glass products; primary metal industries; fabricated metal products; industrial machinery and equipment; and electronics and other electrical equipment. Blackford prefers situations where management is seeking to retire or exit. The Firm's target revenue range is between $20 and $100 million. Blackford Capital Partners was formed in 2000 and is based in Grand Rapids, Michigan.

DEAL STATS #
Overall 17 of 18
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (Michigan) 5 of 5
Country (United States) 16 of 17
Year (2022) 5 of 6
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-16 Grand Equipment

Hudsonville, Michigan, United States

Grand Equipment is a distributor of a broad line of construction equipment providing new and used sales, rental, service, and parts to a diversified customer base. Grand Equipment was founded in 2000 and is based in Hudsonville.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 ID Collaborative

Greensboro, North Carolina, United States

ID Collaborative is a commercial furniture procurement and interior design firm. ID Collaborative was founded in 1986 and is based in Greensboro, North Carolina.

Sell -
SELLER

Salem Investment Partners

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 450M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Salem Investment Partners specializes in debt and equity investments in privately-held, middle-market businesses across the Southeast and Mid-Atlantic regions of the US. Salem looks to invest $2 to $10 million per transaction to help support growth, acquisitions, recapitalizations, and buyouts. Sectors of interest include business services, light manufacturing, consumer products, and distribution. Salem Investment Partners was formed in 1999 and is based in Greensboro, North Carolina.

DEAL STATS #
Overall 8 of 9
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Michigan) 1 of 1
Country (United States) 8 of 9
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Insight 2 Design

Overland Park, Kansas, United States

Insight 2 Design provides outdoor products and portable lighting. Insight 2 Design develops outdoor products like – tents, sleeping bags, packs, camping furniture, lanterns, headlamps, flashlights, and more. Insight 2 Design was founded in 2012 and is based in Overland Park, Kansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-17 TopFire Media

Homewood, Illinois, United States

TopFire Media is a full-service digital marketing and public relations firm that primarily serves the franchising industry. TopFire Media is based in Homewood, Illinois.

Buy -
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