FOR IMMEDIATE RELEASE
April 23, 2018
Richmond, VA – Transact Capital Partners is pleased to announce that Coral Industries Inc., headquartered in Tuscaloosa, Alabama, fabricator of framed and semi-frameless glass shower enclosures, custom frameless glass shower doors and architectural glass and aluminum products, primarily in the Southern United States was acquired by Oldcastle BuildingEnvelope®, a CRH Company. Transact Capital Partners served as the exclusive financial advisor to Coral. Jonathan Molayem and Anthony Vincent managed the transaction for Transact Capital.
“Coral Industries is a well-run family company that has built a strong reputation for quality products and incredible customer service. Our acquisition of Coral demonstrates our renewed focus on growth in our glass fabrication and architectural aluminum products businesses,” says Nathan Creech, president of Oldcastle. “Coral’s presence in frameless shower doors, a key product category, as well as framed and semi-frameless applications, will expand our ability to service the residential market. In addition, Coral operates in several nonresidential architectural market segments such as storefronts, entrances, curtainwall, window wall and sun control systems where we see significant opportunity to leverage our scale, operational expertise and supply chain management to make a very strong business even better.”
According to Grant McAllister, Coral executive vice president: “I am very pleased with how Transact Capital managed this process. Both Jon and Tony proved to be knowledgeable and professional in how they handled every detail of this transaction. I would highly recommend Transact Capital to anyone looking to buy or sell a business.”
Transact Capital Partners is a full-service mergers and acquisitions advisory firm headquartered in Richmond, VA, with offices in Roanoke, VA, Lexington, KY, and Orlando, FL. Transact focuses on the needs of privately held companies in the lower middle market with enterprise values under $100 million. With extensive experience in owning, running, and investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities. Security transactions are offered through Transact Capital Securities, LLC. Member FINRA and SIPC.
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