Graham Completes Strategic Acquisition Plan with Continental Glass Systems, LLC
Graham Architectural Products announced today it has completed the investment agreement with Continental Glass Systems, LLC, based in Hialeah, FL
YORK, Pa., April 22, 2015 /PRNewswire/ -- (www.grahamwindows.com) – Graham Architectural Products (GAP), a legacy business of the $4 billion Graham Group of companies, announced today that it has completed an agreement with Continental Glass Systems, LLC (CGS), Hialeah, FL, (www.cgsfl.com) to acquire a significant equity and operating partner position in the business of CGS.
GAP is a leading U.S. manufacturer of architectural-grade windows, window wall, doors and curtain wall, based in York, PA, with manufacturing locations in York, New Castle, PA, and Merrill, WI.
This transaction was completed on Tuesday, April 21, 2015. This strategic acquisition complements the existing GAP businesses by broadening the Graham manufacturing footprint in the southern United States, while adding a well-established hurricane impact portfolio into the product mix.
The "new company" will continue to operate and do business as Continental Glass Systems, LLC. Shlomo Epstein will serve as CEO and Samir Moussa will be COO for the business.
GAP President and CEO Brian Hurley made it official, noting, "We're pleased with how smoothly and quickly we were able to put this together with the leadership at CGS. I think this bodes well for the future and it shows that this is an excellent fit for both GAP and the team at CGS. Both companies share similar goals and we look forward to expanding our reach along the Gulf and Atlantic coastlines, as well as in inland impact zones in order to better serve our customers. This helps solidify our hurricane impact product offering nationwide."
CGS owners Shlomo Epstein and Samir Moussa commented, "We're glad that we were able to put this agreement together with GAP and we value the professionalism and significant fenestration industry perspective GAP brings. We are excited about this new partnership and the growth opportunities it brings for CGS as we begin leveraging our experience with the GAP organization. We will continue to focus on the relationships we have with architects and building owners and are looking forward to expanding our reach now that we are part of the GAP organization."
About Continental Glass Systems, LLC:
Continental Glass Systems, LLC, (www.cgsfl.com) was founded in 2005 by partners Shlomo Epstein and Samir Moussa under the principles of providing top quality products and stellar customer service to architects, owners, contractors and builders. Both believe in a hands-on approach to business and credit their success to providing "driven design" for customers. All Continental Glass Systems products meet Miami-Dade Notice of Acceptance (NOA) approvals, which means they are tested and approved for hurricane zone applications. Their extensive experience with these applications has landed them some of the most prestigious projects throughout Florida and the Caribbean.
About Graham Architectural Products:
Graham Architectural Products (GAP) (www.grahamwindows.com) was founded in 1960 by Donald C. Graham as part of Graham Engineering and is a leading supplier of architectural windows. GAP is renowned for its leadership in historical reproductions and high quality and has enjoyed the reputation of being an engineering company that manufactures custom replacement windows. Over the years, GAP has added to its offering a wide variety of custom and specialty products, including acoustical products and ballistic-resistant, blast-resistant, and hurricane-resistant windows. In 2009, GAP acquired FM Graham, a curtain wall manufacturer, which now operates as Graham Curtain Wall Solutions in Merrill, WI. In 2010, GAP acquired Graham Thermal Products in New Castle, PA, adding a line of highly efficient thermal windows to the GAP portfolio. In 2015, GAP acquired a significant equity and operating partner position in the business of Continental Glass Systems, LLC, in Hialeah, FL. GAP is part of the Graham Group of York, PA, an industrial and investment concern with global interests in plastics, packaging, machinery, building products and outsource manufacturing.
About The Graham Group:
Headquartered in York, PA, The Graham Group is an alliance of independently owned and operated industrial and investment management businesses that share in the common legacy of entrepreneur Donald C. Graham. As of year-end 2014, The Graham Group's legacy industrial businesses, Graham Engineering, Graham Architectural, and the formerly owned Graham Packaging*, collectively operated in more than 90 locations worldwide and generated approximately $4 billion in annual revenues. The Graham Group has also spawned several independently managed investment management businesses. First, Graham Capital Company manages a $1.5 billion portfolio of marketable securities along with investments in over 100 alternative investment funds for the Graham family, and also oversees the operating businesses and direct investment portfolio of the Graham family. Second, Graham Partners and Inverness Graham are independent registered investment advisors, which manage approximately $2 billion in committed private equity capital and co-investment funds, principally on behalf of institutional investors. Striker Partners and Graham Software are two additional Graham Group-related investment businesses.
* Graham Packaging is now wholly owned by Reynolds Group Holdings, LTD.
Inquiries:
Jim Eisenbeis
Graham Architectural Products
717-849-8119
[email protected]
SOURCE Graham Architectural Products
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