CLEVELAND and BOSTON, July 19, 2021 / PRNewswire / – MPE Partners (“MPE” or “Morgenthaler Private Equity”) today announced an investment in Ideal Aluminum (“Ideal” or the “Company”), a market leader, designer and manufacturer of fencing, gates, ramps and other related outdoor products. Ideal offers thousands of styles of premium fences, gates, railings and other outdoor products and an endless number of specialty custom products. Ideal is an award-winning company, being named Small Business of the Week by the US Senate in june 2020, and most recently named Fence Manufacturer of the Year for 2020 by the American Fence Association. The company sells to a diverse customer base of fence installers as well as select distribution partners across the United States and has become a leading employer in Northeast Florida.
MPE joined in the transaction with entrepreneurs, Michel siegel and Doug Brady, who will continue to lead the business with the support of a talented management team. Graham Schena, Partner at MPE, commented, “We are delighted to partner with Michael, Doug and the rest of the talented Ideal team to implement compelling organic and inorganic growth initiatives. ” Michael duffy, Vice President of MPE, said, “Ideal has cultivated an industry-wide reputation for product quality and customer service, and we are honored to have been chosen as their partner for such a period. dynamics in the fencing industry ”.
Doug Brady Added, “We look forward to building on MPE’s experience from past investments in residential product disruptors and believe that with their support, we will continue to differentiate ourselves in the market. Michel siegel Added, “We have always focused on delivering a strong value proposition to installers and homeowners. We are convinced that MPE shares these same ambitions and will play a decisive role in our success in the future.
LBC Credit Partners provided financing to support the transaction. Akerman was MPE’s legal advisor. Daybreak Capital acted as financial advisor to MPE. Genesis Capital, LLC acted as investment banking advisor to Ideal Aluminum.
About Idéal Aluminum
Based at Saint Augustine, Florida, Ideal is a market leader, designer and manufacturer of premium aluminum fences, gates, railings and other exterior products for residential and commercial applications. Ideal offers over 1,500 high-end fences, gates, railings and other outdoor products, as well as an endless number of custom products specializing in different designs, colors and sizes. Ideal’s products offer a strong value proposition to installers and homeowners due to their superior durability, low maintenance requirements, and ease of installation. Through the Company’s QuickShip program, Ideal can also offer customers differentiated delivery times for certain quality residential fencing products. The Company sells directly to a diverse customer base of fence installers as well as through selected distribution partners. For more information, please visit http://ideal-ap.com/.
About MPE partners
MPE Partners (“MPE” or “Morgenthaler Private Equity”) wants to be the privileged partner of family and entrepreneurial businesses. Situated at Cleveland, Ohio, and Boston, Massachusetts, MPE invests in profitable lower middle market companies with transaction values of up to $ 250 million. MPE has two main target investment areas: high value-added manufacturing and commercial and industrial services. For more information, please visit www.mpepartners.com.
SOURCE MPE partners