Business & Industrial Services

Binswanger Glass

Provider of repair, replacement and installation services for a full-suite of non-residential, residential and automotive glass and aluminum solutions.

Transaction Overview

  • Represented Binswanger GMP Corp. (“Binswanger” or “the Company”), a portfolio company of Grey Mountain Partners (“Grey Mountain”) in the sale of the business to Wingate Partners (“Wingate”).
  • Binswanger is a leading provider of repair, replacement and installation services for a full suite of glass and aluminum products.

Key Observations

  • Grey Mountain completed two successful add-on acquisitions and Binswanger was seeking a partner to support the next phase of its growth strategy.

Drivers of Interest

  • Breadth and depth of product offering and value-added services.
  • Industry leading installer with strong brand equity and differentiated multi-regional footprint.
  • Stable revenue base driven by high-margin repair, replacement and remodel activity.
  • Impressive diversity across customers, end-markets, and geographies.
  • Dedicated in-store technical sales personnel.
  • Multi-branch business model.
  • Positive trends and outlook for renovation, new construction, and automotive repair end-markets.
  • Proven management team.
  • Multiple near-term growth opportunities, including business development initiatives, margin enhancement opportunities and strategic acquisitions.
Hennepin Partners LLC