TM Capital Continues to Broaden its Building Products Reach with the Sale of NASG to Custom Glass Solutions
ATLANTA, May 21, 2019 /PRNewswire/ -- TM Capital is pleased to announce that SSI Consolidated Holdings, Inc. d/b/a Consolidated Glass Holdings (a portfolio company of Grey Mountain Partners, LLC) has sold its wholly-owned NASG Holdings Inc. subsidiary ("NASG") to Custom Glass Solutions, LLC, a portfolio company of Stellex Capital Management ("Stellex"). TM Capital served as exclusive financial advisor to Consolidated Glass in connection with this transaction.
The divestiture of NASG is the most recent in a series of extraordinary outcomes engineered by TM Capital in the building materials and specialty glass industries. Most recently, TM Capital served as exclusive financial advisor to Oldcastle Building Envelope, Inc. (Oldcastle) in the sale of its Toronto-based fenestration subcontracting business unit - Antamex International, Inc. (Antamex) - to O3 Industries LLC. Antamex provides custom high-performance unitized glass façade solutions and engineering design services for commercial, institutional, high-end residential and mixed-use projects across North America.
TM also recently served as exclusive financial advisor to West Shore Home ("West Shore") in the acquisition of Bryton's Home Improvement. West Shore has developed a highly differentiated platform combining robust lead generation strategies, high touch in-home consultation, access to exclusive West Shore-branded products and one-day installation provided by an in-house team of installers. TM Capital also arranged financing in connection with the Bryton's acquisition.
"These three transactions highlight both the breadth of capabilities at TM Capital as well as our deep domain expertise in the building materials and specialty glass sectors," said Jerome Romano, Managing Director at TM. "Our extensive experience and relationships enable us to tailor solutions to fit our clients' situations; from executing complicated divestitures for Consolidated Glass and Oldcastle to negotiating a transformational acquisition and arranging the necessary financing for West Shore Home."
Romano continued: "We believe that the building products arena offers a compelling investment opportunity supported by attractive long-term demographic trends and technological advancements in both the residential and commercial segments."
TM Capital Corp.
Founded in 1989, TM Capital is the client-first investment banking team advising industry leading companies across North America and around the world. In everything we do, our professionals share a relentless commitment to engineering extraordinary outcomes with an unmatched standard of client care. Over the last three decades, we have completed more than 300 transactions with a combined value in excess of $20 billion. With offices in Atlanta, Boston and New York, our mission critical capabilities include: complex mergers and acquisitions; debt and equity financings; minority and majority recapitalizations; restructurings; and board advisory services. TM Capital is also a founding member firm of Oaklins, the world's most experienced mid-market M&A advisor with 700 M&A professionals in 60 offices operating in the major financial centers around the world. For more information, please visit www.tmcapital.com.
Contact: Emily Langdon, (404) 995-6231, [email protected]
SOURCE TM Capital Corp.
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