Headquartered in Twinsburg, Ohio, GED specializes in the manufacturing of insulating glass and vinyl window and door fabrication equipment, systems integration software, machine parts and material handling equipment, and related consumables. GED maintains a leading market position and strong customer relationships with many of the top residential window and door manufacturers, evidenced by the fact that 17 of the top 20 manufacturers utilize GED's equipment and software solutions.
GED's existing executive management team will continue to direct the Company's operations located in Twinsburg, Ohio and Hauppauge, New York. Michael E. Moran, managing partner of Brockway Moran & Partners, said, "We are excited to partner with GED's outstanding management team to build upon the Company's strong historical growth. GED has a history of introducing innovative products to the residential window and door market which have allowed customers to dramatically lower their production costs, increase their operational efficiency, and improve product quality and performance. We believe a significant opportunity exists to work with management to continue to expand GED's technological and market leadership."
"We look forward to working with Brockway Moran and Partners," said Ron Auletta CEO of GED. "We have aggressive growth plans predicated on giving customers what they want - an integrated, one-stop solution that automates and streamlines the process of manufacturing windows and doors. Our long-term goals include both organic and acquisition driven growth and Brockway Moran and Partners' expertise in working with manufacturing companies coupled with the firm's strong track record of assisting its portfolio companies in completing add-on acquisitions will be extremely helpful to GED." Morgenthaler Partners, a middle-market management-led buyout firm, acquired GED in 2000. Peter Taft, general partner at Morgenthaler said, "We are very proud of our association with GED and its management team, which generated an attractive IRR and a significant cash-on-cash return to our limited partners. Using the revolutionary Intercept technology as a foundation from which to grow, we worked closely with Ron Auletta and his team to transform GED into a full-service provider to window and door manufacturers through a combination of internal growth initiatives and a strategic add-on acquisition."
GED's insulating glass fabrication equipment, built around the Intercept technology, is widely regarded as the industry standard spacer solution as more than 50% of insulating glass units in North America are fabricated using the Intercept technology. GED's window frame fabrication equipment operation, formerly known as Sampson Automation and acquired by GED in September 2004, is a leading provider of vinyl, fiberglass and aluminum fabrication systems for the production of frames for windows and doors. The Company has integrated these operations into the broader GED organization and now offers its customers an end-to-end solution for producing windows from the manufacture of insulating glass units through frame fabrication.