The private shareholders of J.E. Berkowitz, LP (JEB) have sold the company to Consolidated Glass Holdings, Inc. (CGH), a portfolio company of Grey Mountain Partners. Financial details have not been disclosed.
CGH is a fabricator and distributor of impact resistant glass, architectural glass, architectural metals and specialty products for the commercial and residential building maintenance, renovation, and construction markets. CGH is the managing entity for a group of subsidiary companies operating in the architectural, security, and custom glass and metal fabrication businesses, which currently include Global Security Glazing, Columbia Commercial Building Products, Dlubak Specialty Glass, Solar Seal, North American Specialty Glass (NASG), and JE Berkowitz, LP. The group's affiliated companies are known for their brand recognition, service and performance in the industry. Through strong leadership and engaged employees, CGH is committed to providing best-in-class service, delivering consistent quality for its customers, and building value and growth through operational excellence.
JEB is a leading architectural glass fabricator. Founded in 1920, the ISO 9001 certified company serves customers for the domestic and overseas architectural markets. The company fabricates a full suite of glass products including insulating, engineered, tempered and laminated glass for use in exterior building envelope systems and interior applications. Its end markets include office buildings, hotels, condominiums, casinos, restaurants, hospitals, schools, libraries and museums. Located in Pedricktown, New Jersey, JEB's state-of-the-art facility, equipment and technology enables high quality in-house production of best-in-class, customized products.
Over the last 96 years, JEB has become a market leader in high quality, added-value architectural glass for both exterior and interior projects. Notable recent projects include The Tower at PNC Plaza in Pittsburgh, T-Mobile Arena in Las Vegas, Google Headquarters in New York City and Novartis Pharmaceuticals in Boston.
One of Oaklins' teams in the USA served as exclusive financial advisor to J.E. Berkowitz, LP in this transaction.
Arthur Berkowitz, President, J.E. Berkowitz LP, said: “Selecting the team as our investment banker was the right choice for my company. Their expertise in building products and private, family-owned businesses was evident through their understanding of our processes and product offerings. The entire team was highly committed and proactive and understood the emotions and sensitivities involved in this kind of transaction. The team navigated the transactional 'bumps and bruises' well, and was instrumental in closing the deal and maintaining strong relationships among the buyers and sellers.”
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