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Dallas, July 14, 2021 /PRNewswire/ - Highlander Partners, LP, a leading mid-market private investment company based in Dallas, Texas, today announced the sale of Profile Custom Extrusions, LLC ("Profile") to KPS Capital Partners, LP ("KPS"). KPS also completed the acquisition of Metra Holding SpA. And Metra SpA (collectively "Metra"), a global extruded aluminum manufacturer. Profile and Metra will merge to form a leading global extruded aluminum profile platform with strong influence in Europe and North America.
Profile is an American manufacturer that provides customized extruded aluminum profiles and related value-added services, including painting, anodizing, thermal fracture and precision cutting. Profile provides a variety of custom extruded aluminum profiles for various end markets, including residential and commercial buildings, HVAC, hurricane protection, transportation, electrical and marine. Profile employs approximately 170 people in its only factory in Rome, Georgia.
This sale represents the culmination of a well-thought-out strategy implemented by Highlander and Profile Management in 2014 to take advantage of the rapid population and building growth in the Southeast.
Profile President David Newby said: "We are very grateful for Highlander's support during our tenure, and we are very pleased to continue to grow in the custom aluminum extrusion market with KPS. Through the merger with Metra, our customers will now have When the best manufacturing processes, products and services are combined in the manufacturing footprint, the advantages of both companies can be obtained."
Highlander Partner and Profile Chairman Mark Blanchat said: "Highlander is very satisfied with Profile's performance over the past seven years. I look forward to seeing the team achieve new success in the next phase of growth."
"We are very pleased to see the success of Profile during our ownership period. Our return on investment highlights Highlander's unique approach and patient capital to contribute to a very successful result," said Jeff L. Hull, President and CEO of Highlander and his introduction. Director. Mr. Hull added: “David Newby and his team have demonstrated their extraordinary control of the business and have always executed it in an extremely precise manner. We believe that they will continue to achieve great success and we wish them all the best. "
Fidus Partners, LLC acted as financial advisor for Highlander Partners, LP in the sale of Profile, and Foley & Lardner LLP acted as legal advisor.
About Highlander Partners Highlander Partners, LP is a Dallas-based private investment company with more than $2 billion in assets under management. The company focuses on investing in the business of the target industry, and the person in charge of the company has rich experience in operation and investment. Highlander Partners uses buying and structuring investment methods to create value by helping companies grow organically and through acquisitions. For more information, please visit www.highlander-partners.com.
About Profile Custom Extrusions, LLC Profile is an American manufacturer that provides custom extruded aluminum profiles and related value-added services, including painting, anodizing, thermal fracture and precision cutting. Profile provides a variety of custom extruded aluminum profiles for various end markets, including residential and commercial buildings, HVAC, hurricane protection, transportation, electrical and marine. Profile operates a strategically located manufacturing facility in Rome, Georgia. For more information, please visit www.pcextrusions.com.
SOURCE Highlander Partners, LP
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