CSW acquires Greco from O2 Investment Partner for $28M

CSW Industrials, Inc. (NASDAQ: CSWI), a diversified industrial growth company, has acquired Greco Aluminum Railings from O2 Investment Partners, LLC for approximately US $28 million.

Based in Windsor, Ontario, Greco is a leading manufacturer of high-quality engineered railing and safety systems for multi-family and commercial structures in the United States and Canada. With operations both in Canada and the United States, Greco employs a team of over 75 experienced engineers, designers, and installers to deliver turnkey solutions for new construction, renovation, and restoration applications.

Greco will become part of CSW’s Industrial Products business segment and had trailing twelve-month revenue of approximately US $13.5 million and adjusted EBITDA of approximately US $3.75 million.

In September 2012, Bloomfield Hills, Michigan based O2 Investment Partners, in partner with Frank and Larry Greco, acquired control of Greco.

photo credit: Greco Aluminum Railings