MIAMI--Empire, a private investment firm, announced today that it has completed the acquisitions of The Expanded Metal Company and Sorst Streckmetall, from Gibraltar Industries, Inc. (NASDAQ: ROCK). The acquisitions were made through Empire’s institutional fund, EIH Capital Partners, LP. Financial terms were not disclosed.
Founded in 1921, Sorst Streckmetall (www.sorst.de), located in Hanover, Germany, is one of the leading manufacturers and suppliers of expanded metals and perforated metals in Europe.
Founded in 1890, The Expanded Metal Company (www.expandedmetalcompany.co.uk), located in Hartlepool, England, is the pioneer of expanded metal and the U.K. market leader with customers globally.
"We are eager to work with the management teams and employees of each company to support their continued growth,” said David F. Alfonso, chairman and chief executive officer of Empire.
Empire engaged McDermott Will & Emery UK LLP, Lockton Companies and SIA Group (UK) London Limited as its advisors for the transaction.
Founded in 2004, Empire is a Miami based private investment firm, which looks to acquire controlling interests in mature lower middle-market businesses. Empire has a proven track record of optimizing and adding significant value through a structured, repeatable and time-tested investment process, by leveraging its operational experience. For more information, please visit www.empireih.com.