M&A Deal Summary

Tower Extrusions Acquires Ascend Custom Extrusions

On December 3, 2018, Tower Extrusions acquired building materials company Ascend Custom Extrusions from Highlander Partners

Acquisition Highlights
  • This is Tower Extrusions’ 1st transaction in the Building Materials sector.
  • This is Tower Extrusions’ 1st transaction in the United States.
  • This is Tower Extrusions’ 1st transaction in Texas.

M&A Deal Summary

Date 2018-12-03
Target Ascend Custom Extrusions
Sector Building Materials
Buyer(s) Tower Extrusions
Sellers(s) Highlander Partners
Deal Type Add-on Acquisition
Advisor(s) Brown Gibbons Lang (BGL) (Financial)

Target

Ascend Custom Extrusions

Wylie, Texas, United States
Ascend Custom Extrusions LLC is a provider of custom aluminum extrusions to various industries serving the majority of the United States. Ascend Custom Extrusions was formed in 2010 and is based in Wylie, Texas.

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Buyer(S) 1

Buyer

Tower Extrusions

Olney, Texas, United States

Category Company
Founded 1977
Sector Metals/Mining
DESCRIPTION

Tower Extrusions Ltd. is a supplier of custom aluminum extrusions, fabrication and finishing services. Tower Extrusions was formed in 1977 and is based in Olney, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Building Materials M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Highlander Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Highlander Partners LP is a private equity firm focuses on making both direct private equity and mezzanine investments in companies located in US and Europe. The firm seeks to target to invest in small and mid-size private companies with strong management teams, fundamentally strong operations and positive cash flows. HP looks to invest $10 to $50 million as an equity and $10 to $25 million in mezzanine financing in companies with revenues of $10 to $500 million and enterprise value up to $100 million. Specific areas of interest include manufacturing, food, healthcare products and services, and healthcare IT, retail and building materials. Types of transaction include buyouts, growth capital, divestitures, consolidation and recapitalization. Highlander Partners LP was formed in 2004 and is based in Dallas, Texas with additional office in Warszawa, Poland.


DEAL STATS #
Overall 15 of 31
Sector: Building Materials M&A 4 of 4
Type: Add-on Acquisition M&A Deals 10 of 20
State: Texas M&A 4 of 7
Country: United States M&A 12 of 22
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 SFERRA

Edison, New Jersey, United States

SFERRA is a luxury linen and home lifestyle company, with a leading consumer brand known for design, textile innovation, trusted quality, and craftsmanship. SFERRA was founded in 1891 and is based in Edison, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-31 XChange Tec

Shanghai, China

XChange Tec is a technology-driven long-term apartment rental platform in China. Q&K signs long-term leases with individual landlords in different locations and manages them centrally, leveraging its advanced IT and mobile technologies. XChange Tec was founded in 2007 and is based in Shanghai, China.

Buy -