Divestiture • Manufacturing

Pacific Avenue Capital Partners Acquires AMICO

On February 23, 2021, private equity firm Pacific Avenue Capital Partners acquired manufacturer AMICO from Gibraltar Industries

Acquisition Context
  • This is Pacific Avenue Capital Partners’ 1st transaction in the Manufacturing sector.
  • This is Pacific Avenue Capital Partners’ 5th transaction in the United States.
  • This is Pacific Avenue Capital Partners’ 1st transaction in Alabama.

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M&A Deal Summary

Date February 23, 2021
Target AMICO
Sector Manufacturing
Buyer(s) Pacific Avenue Capital Partners
Sellers(s) Gibraltar Industries
Deal Type Divestiture

Target Company

AMICO

Birmingham, Alabama, United States
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 Overview 1

DESCRIPTION

Pacific Avenue Capital Partners is an operationally focused private investment firm focused on acquiring controlling interests in mature, stable businesses from corporate, private, or family sellers. Sectors of interest include consumer products/services, software, IT, industrials, business services, healthcare services, and building products. The Firm targets profitable companies (up to $50 million of EBITDA) valued up to $1 billion. Pacific Avenue Capital Partners is based in El Segundo, California.


Deal Context for Buyer #
Overall 5 of 10
Sector: Manufacturing 1 of 1
Type: Divestiture 3 of 6
State: Alabama 1 of 1
Country: United States 5 of 9
Year: 2021 2 of 2
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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-18 Sunrich Products

Crookston, Minnesota, United States

Sunrich is a supplier of food-grade sunflower ingredients to local and international markets. Our reputation as a reliable supplier is a direct result of our close relationships with growers and food processors. Sunrich Products is based in Crookston, Minnesota.

Buy -

Seller Profile 1

SELLER

Gibraltar Industries

Buffalo, New York, United States

Category Company
Founded 1972
Sector Building Materials
Employees2,097
Revenue 1.3B USD (2024)
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 Context for Seller #
Overall 8 of 9
Sector: Manufacturing 1 of 1
Type: Divestiture 8 of 9
State: Alabama 1 of 1
Country: United States 6 of 7
Year: 2021 2 of 2
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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-23 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.

Buy $54M