GAP Completes Strategic Acquisition Plan with Continental Glass Systems, LLC
April 23, 2015
Graham Architectural Products (GAP) announced that it has completed an agreement with Continental Glass Systems, LLC (CGS), Hialeah, FL, (www.cgsfl.com) to acquire a significant equity and operating partner position in the business of CGS.
GAP, a legacy business of the $4 billion Graham Group of companies, is a leading U.S. manufacturer of architectural-grade windows, window wall, doors and curtain wall, based in York, PA, with manufacturing locations in York, New Castle, PA, and Merrill, WI.
This transaction was completed on Tuesday, April 21, 2015. This strategic acquisition complements the existing GAP businesses by broadening the Graham manufacturing footprint in the southern United States, while adding a well-established hurricane impact portfolio into the product mix.
The “new company” will continue to operate and do business as Continental Glass Systems, LLC. Shlomo Epstein will serve as CEO and Samir Moussa will be COO for the business.
GAP President and CEO Brian Hurley made it official, noting, “We’re pleased with how smoothly and quickly we were able to put this together with the leadership at CGS. I think this bodes well for the future, and it shows that this is an excellent fit for both GAP and the team at CGS. Both companies share similar goals and we look forward to expanding our reach along the Gulf and Atlantic coastlines, as well as in inland impact zones in order to better serve our customers. This helps solidify our hurricane impact product offering nationwide.”
CGS owners Shlomo Epstein and Samir Moussa commented, “We’re glad that we were able to put this agreement together with GAP and we value the professionalism and significant fenestration industry perspective GAP brings. We are excited about this new partnership and the growth opportunities it brings for CGS as we begin leveraging our experience with the GAP organization. We will continue to focus on the relationships we have with architects and building owners and are looking forward to expanding our reach now that we are part of the GAP organization.”
March Economic Update
April 9, 2015
The Dodge Momentum Index took a small hit in March, dipping slightly as construction planning activity in both the commercial and institutional sectors fell.
Still, an overall rising trend in the Momentum Index points to increased construction starts through at …