ROME, Ga., April 15, 2014 /PRNewswire/ -- Highlander Partners, L.P., today announced it has acquired the aluminum extrusion assets of Profile Extrusion Company located in Rome, Georgia. The operations will continue to operate from the Georgia location under the name of Profile Custom Extrusions, LLC ("PCE") with the current management team continuing to lead the business. PCE is a leading provider of aluminum extrusions to the industrial and residential construction, electrical, hurricane shutter and interior decor markets throughout the southeastern part of the United States. The Company operates three extrusion presses with a total annual capacity of 40 million pounds, along with a vertical wet paint line and a thermal fill and de-bridge line.
David Newby, who will continue to lead the business as the Division President, said, "We are very pleased to be a part of the Highlander portfolio of companies. Highlander is a long-term investor that has extensive experience in the aluminum extrusion business. With their significant capital resources and strategic vision, we believe they are the ideal partner to allow us to better serve the needs of both our existing and new customers."
Mark Blanchat, a Highlander principal and the newly appointed Chairman of PCE, commented, "We believe that David and the team at Profile are among the best in the industry. The company has performed exceptionally well historically, and showed solid results even during the recent downturn in the economy. Highlander has tremendous resources that will enhance the prospects of the business and facilitate its continued growth trajectory. The southeastern U.S is a very strong market for aluminum extrusion and PCE is uniquely positioned to further expand its market position in this region."
Jeff L. Hull, Highlander's Managing Partner, stated, "We are very excited about the opportunity to draw on our collective backgrounds in the aluminum extrusion industry and leverage our experience in working with PCE. David and his team have built a great company and are viewed as a premier supplier to various end markets. We believe the rebounding economy will continue to benefit many of PCE's customers and their associated markets, especially in the commercial and residential construction market, and PCE is well positioned to participate in that recovery."
About Highlander Partners
Highlander Partners, L.P. is a Dallas-based private investment firm with partners that have committed over $600 million of principal funds for direct private equity investments in North America and Central Europe. The firm focuses on making investments in middle market businesses in targeted industries in which the principals of the firm have significant operating and investing experience, including basic manufacturing, food, building materials and others. Highlander Partners uses a "buy and build" investment approach, creating value by helping companies grow organically and through acquisitions. For more information about Highlander Partners, please visit www.highlander-partners.com.
Harris Williams served as the exclusive financial advisor to Profile in connection with this transaction. Regions Bank provided senior financing facilities in support of the transaction.
SOURCE Highlander Partners, L.P.