Grey Mountain Partners Acquires Binswanger
January 6, 2012

Grey Mountain Partners of Boulder, Colo., has acquired Binswanger Enterprises, LLC of Memphis, Tenn., according to a release issued by Grey Mountain this morning.

"We are buying an excellent business with incredible growth prospects," says Will Pucillo of Grey Mountain. "Since 1872, Binswanger has been a leader in a fragmented industry and is known as a reliable, customer-centric organization. Binswanger serves the commercial and specialty glass, auto glass, and residential glass end markets through over 70 locations.

"Grey Mountain's ownership enables the management team to focus on a stand-alone business strategy," adds Pucillo. "Binswanger is now independent of ownership by a glass fabricator or distributor, which will allow greater diversity in product options. The management team and over 750 employees can now focus on better serving its customer base and growing into new parts of the market."

Binswanger had been operating as an independent company prior to the sale of its former parent company, Vitro America, in June to Sun Capital Partners.

Grey Mountain Partners is a private equity firm that invests in lower middle-market companies across a wide range of industries and in transactions with enterprise values between $30 million and $150 million.

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