Investment Summary

AV Capital and ORIX Private Equity Solutions Exits American Insulated Glass

On March 4, 2024, Trulite Glass & Aluminum Solutions invested in distribution company American Insulated Glass from AV Capital and ORIX Private Equity Solutions

Investment Highlights
  • This is Trulite Glass & Aluminum Solutions’ 1st transaction in the Distribution sector.
  • This is Trulite Glass & Aluminum Solutions’ 5th transaction in the United States.
  • This is Trulite Glass & Aluminum Solutions’ 2nd transaction in Georgia.

Investment Summary

Date 2024-03-04
Target American Insulated Glass
Sector Distribution
Investor(s) Trulite Glass & Aluminum Solutions
Sellers(s) AV Capital
ORIX Private Equity Solutions
Deal Type Add-on Acquisition
Advisor(s) Stifel (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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Investor(S) 1

Investor

Trulite Glass & Aluminum Solutions

Peachtree City, Georgia, United States

Category Company
Founded 1978
Sector Building Materials
DESCRIPTION

Trulite Glass & Aluminum Solutions is an architectural glass and aluminum fabricator. Trulite distributes and manufactures architectural aluminum, insulated units, mirrors, tempered, laminated and decorative glass from their 35 locations throughout the U.S. and Canada. Trulite Glass & Aluminum Solutions was formed in 1978 and is headquartered in Peachtree City, Georgia.


DEAL STATS #
Overall 6 of 8
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 7
State: Georgia M&A 2 of 2
Country: United States M&A 5 of 7
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-02 VFG Group

Quebec, Canada

VFG Group is a fabricator of architectural, industrial, commercial and custom applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-05 Insulite

Olathe, Kansas, United States

Insulite is a glass fabrication company that offers precision glass solutions. It specializes in transforming raw glass into exquisite works of art and functional products. Insulite is based in Columbia, Maryland.

Buy -

Seller(S) 2

SELLER
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 M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Georgia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS 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 22
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 12 of 13
State: Georgia M&A 1 of 1
Country: United States M&A 19 of 20
Year: 2024 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Datavail

Broomfield, Colorado, United States

Datavail is a provider of remote database administration (DBA) services in North America. Datavail offers 24/7 managed database services, database design, architecture, and staffing. The company specializes in Oracle, Oracle E-Business Suite, Microsoft SQL Server, MySQL, MongoDB, DB2 and SharePoint, and provides flexible onsite, offsite, and offshore delivery options to meet each customer's unique business needs. Datavail was founded in 2007 and is based in Broomfield, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 Accelalpha

Bellevue, Washington, United States

Accelalpha is a business and IT consulting services firm that provides services across a breadth of industries. Accelalpha primarily focuses on providing end-to-end enterprise solution implementation services and is recognized for its rigorous, results-oriented approach in the development of solutions that deliver tangible results in a short time frame. Accelalpha’s breadth of consulting expertise includes project management, business process re-engineering, solutions architecture, application implementation, technology development, managed services, and systems administration. Accelalpha was founded in 2009 and is based in Bellevue, Washington.

Sell -