Equity Firm Purchases American Insulated Glass

October 25th, 2017 by Editor

AV Capital, an Austin, Texas-based private equity firm, acquired American Insulated Glass (AIG) in partnership with the company’s management team.

Founded in 1990, AIG is a fabricator and distributor of glass products in the Southeast U.S. With manufacturing facilities in Georgia and Florida, it specializes in providing insulating, tempered, laminated and beveled glass to millworkers and glazing contractors in residential and commercial markets. The company also distributes a full line of mirrors and wholesale glass products.

AIG will continue to be led by its current management team, including CEO Billy Blair. Founder Rick Freeman will remain involved as a significant shareholder and active board member, according to AV.

“I am very proud of the company and reputation we have built over the past 27 years. Our dedicated employees have been key to establishing AIG’s tradition of providing excellent service to our customers,” said Freeman. “The AV Capital team shares our relationship-oriented approach to doing business, and has a genuine appreciation for our culture and the values that have driven our success. I am excited for the next phase of AIG’s growth.”

Added Blair, “AIG was built on a commitment to exceeding the industry standard for our customers. That means ensuring we maintain high product quality with faster lead times and on-time delivery. AV Capital’s experience will help us maintain this commitment while creating new opportunities to grow our business through expanding our product capabilities, plant capacity, and geographic footprint across the Southeast U.S.”

ORIX Mezzanine & Private Equity participated in the equity of the investment, according to a release from AV. Raymond James advised AIG on the transaction.

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