M&A Deal Summary

Stellex Capital Management Acquires Custom Glass Solutions

On October 22, 2018, private equity firm Stellex Capital Management acquired manufacturer Custom Glass Solutions from Guardian Industries

Acquisition Highlights
  • This is Stellex Capital Management’s 1st transaction in the Manufacturing sector.
  • This is Stellex Capital Management’s 6th transaction in the United States.
  • This is Stellex Capital Management’s 1st transaction in Ohio.

M&A Deal Summary
Date 2018-10-22
Target Custom Glass Solutions
Sector Manufacturing
Buyer(s) Stellex Capital Management
Sellers(s) Guardian Industries
Deal Type Divestiture

Target

Custom Glass Solutions

Worthington, Ohio, United States
Custom Glass Solutions is a manufacturer of large-format laminated, tempered, value-added glass products used in vocational and recreational vehicle applications. CGS offers products like large, one-piece windshields, door glass, insulating glass, and roof glass as well as more advanced technologies like coated glass solutions, various forms of heated glass, and glass with embedded LEDs. Custom Glass Solutions is based in Worthington Ohio.

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Buyer(S) 1

Buyer

Stellex Capital Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellex Capital Management is a private equity firm focused on acquiring middle-market companies throughout North America and Europe. Stellex looks to invest $25 to $150 million in transactions valued up to $500 million. Sectors of interest include manufacturing, industrial, business services, aerospace, defense, government services, automotive, consumer products, distribution, and transportation. Prospective transaction situations include buyouts, turnarounds, recapitalizations, corporate divestitures, consolidations, and secondary purchases. Stellex Capital Management was formed in 2014 and is based in New York City.

DEAL STATS #
Overall 8 of 28
Sector (Manufacturing) 1 of 4
Type (Divestiture) 1 of 7
State (Ohio) 1 of 1
Country (United States) 6 of 22
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Grammer Logistics

Columbus, Indiana, United States

Grammer Logistics is a transportation hauler of bulk hazardous liquids serving the eastern half of the United States. The Company stands on its foundation of safety and unsurpassed customer service as the key components of its longevity and success. Grammer Logistics is based in Columbus, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-04 Paragon Metals

Hillsdale, Michigan, United States

Paragon Metals is a manufacturer of complex, tight tolerance precision machined components and assemblies. Paragon’s products are found on many critical applications such as: transmission, driveline, engine, chassis among other industrial applications. Paragon Metals was founded in 1991 and is based in Hillsdale, Michigan.

Buy -

Seller(S) 1

SELLER

Guardian Industries

Auburn HIlls, Michigan, United States
Category Company
Sector Manufacturing
DESCRIPTION

Guardian Industries Corp. is a manufacturer and supplier of float glass, fabricated glass products, fiberglass insulation products, and other building materials for commercial, residential, and automotive markets worldwide.

DEAL STATS #
Overall 4 of 4
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 2
State (Ohio) 1 of 1
Country (United States) 3 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-01 Guardian Automotive-E S.A.

Luxembourg, Luxembourg

Sell -
Mergr

Product

Company

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