M&A Deal Summary

AV Capital and ORIX Private Equity Solutions Acquire American Insulated Glass

On October 24, 2017, private equity firm AV Capital and mezzanine finance firm ORIX Private Equity Solutions acquired distribution company American Insulated Glass

Acquisition Highlights
  • This is AV Capital’s 1st and ORIX Private Equity Solutions’ 1st transaction in the Distribution sector.
  • This is AV Capital’s 2nd and ORIX Private Equity Solutions’ 20th transaction in the United States.
  • This is AV Capital’s 1st and ORIX Private Equity Solutions’ 1st transaction in Georgia.

M&A Deal Summary

Date 2017-10-24
Target American Insulated Glass
Sector Distribution
Buyer(s) AV Capital
ORIX Private Equity Solutions
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Raymond James - Investment Banking (Financial)

Target

American Insulated Glass

Conley, Georgia, United States
American Insulated Glass is a fabricator and distributor of glass products in Southeast U.S. With manufacturing facilities in Georgia and Florida, AIG specializes in providing insulated, tempered, laminated, and beveled glass to millworkers and glazing contractors serving the residential and commercial end markets. The company also distributes a full line of mirrors and wholesale glass products. American Insulated Glass was founded in 1990 and is based in Conley, Georgia.

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Buyer(S) 2

DESCRIPTION

AV Capital is a private equity firm that makes control investments in entrepreneur and family-owned middle market companies. AV seeks to invest $15 to $75 million of equity capital in companies with $4 to $25 million of EBITDA. Sectors of interest include niche manufacturing, specialty distribution, and business services. AV Capital was established in 2015 and is headquartered in Austin, Texas.


DEAL STATS #
Overall 2 of 2
Sector (Distribution) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Georgia) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-13 Kovach Building Enclosures

Chandler, Arizona, United States

Kovach Building Enclosures is a designer, manufacturers, and installer of panel and glazing systems for commercial building enclosures. Kovach offers services to meet design applications for complex building projects in the higher education, healthcare, municipal, commercial, sports arena, and airport end markets. Kovach Building Enclosures was founded in 1969 and is based in Chandler, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-15 Kovach Building Enclosures

Chandler, Arizona, United States

Kovach Building Enclosures is a designer, manufacturers, and installer of panel and glazing systems for commercial building enclosures. Kovach offers services to meet design applications for complex building projects in the higher education, healthcare, municipal, commercial, sports arena, and airport end markets. Kovach Building Enclosures was founded in 1969 and is based in Chandler, Arizona.

Sell -
DESCRIPTION

ORIX Mezzanine & Private Equity is the direct investment arm of asset manager ORIX. ORIX Mezzanine & Private Equity looks to invest $10 to $20 million to support buyouts, acquisitions, growth capital needs, and sponsored led transactions of profitable (greater than $5 million of EBITDA) companies throughout North America. ORIX will consider a variety of investment structures, including subordinated and convertible debt to common, preferred and convertible preferred equity. ORIX Mezzanine & Private Equity is headquartered in Dallas, Texas.


DEAL STATS #
Overall 21 of 27
Sector (Distribution) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 7
State (Georgia) 1 of 1
Country (United States) 20 of 25
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 HaystackID

Chicago, Illinois, United States

HaystackID is an international end-to-end eDiscovery and forensics services and solutions provider. The Company offers consultation and solutions to corporations and law firms that vastly improve legal hold, data collection and eDiscovery workflow. Haystack's goal is to work collaboratively to lower overall spend and minimize risk while improving efficiency. HaystackID was founded in 2011 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-08 Practice Fusion

San Francisco, California, United States

Practice Fusion, Inc. is a provider of cloud based electronic health record (EHR) platform for doctors and patients in the U.S. Practice Fusion serves more than 30,000 practices across 50 states through its cloud-based EHR platform. Practice Fusion, Inc. was established in 2005 and is based in San Francisco, California.

Sell $100M