Chesapeake Corporate Advisors is pleased to announce that it has served as exclusive financial advisor to A.L. Smith Glass Company, Inc in its sale to American Insulated Glass, LLC, a portfolio company of Austin, Texas. based private equity firm AV Capital.
For nearly 5 decades, A.L. Smith has provided residential and commercial builders and contractors with custom fabricated glass products ranging from frameless shower doors to insulated windows and interior and exterior commercial glass products. A.L. Smith has grown into one of the greater D.C. area’s premier glass fabricators with a leading reputation for delivering quality products and a customer-first service model.
Founded in 1974, by Alton Smith, Frederick County (Md.) based A.L. Smith Glass Company, Inc.built a reputation in the glass and glazing industry by providing high quality fabricated products and a customer service focused approach that drove significant value to their customer through nearly 5 decades of operations.
Alton Smith, founder and president of A.L. Smith said, “CCA’s guidance and expertise was instrumental in helping us to identify the perfect partner and negotiate a deal that will maintain the legacy we have created over nearly 50 years in business. Their experience and commitment to helping us through the M&A process was critical to us reaching a deal with AIG.”
Tim Brasel, a Director with CCA, who led the engagement along with Allen Stott and Charlie Maskell, Managing Directors in CCA’s investment banking practice, commented: “We are very excited to have had the opportunity to help Alton realize the value that he has created over the past five decades. Alton’s commitment to his customers and employees enabled him to build a enduring business and we are grateful he entrusted us to find the partner that will allow his legacy to continue.”
Greg N. Reamer served as legal advisor for A.L. Smith Glass Company Inc. Vinson & Elkins served as legal advisors for AV Capital and American Insulated Glass, LLC
About Chesapeake Corporate Advisors: Chesapeake Corporate Advisors, LLC (CCA) is a boutique corporate advisory firm, founded in 2005, committed to serving investor-owned and closely held emerging growth and middle market companies. CCA provides strategic advisory services (value creation), investment banking services (value realization), and valuation & financial opinions to companies with revenues generally between $10 million and $200 million. For more information about Chesapeake Corporate Advisors, please visit the website at www.ccabalt.com or call 410.537.5988
