Gyptech Secures Strategic Investment from Fortress
Deal News | Nov 27, 2024 | Fortress Investment Group LLC (NYSE:FIG)
Fortress Investment Group LLC has announced the acquisition of Gyptech, a leading designer and manufacturer of gypsum wallboard and asphalt-shingle manufacturing equipment. The acquisition involves Fortress-managed funds securing a majority stake in Gyptech, while the management retains a minority stake. This deal is intended to support Gyptech's global expansion, particularly focusing on innovative technologies and enhanced client services. Gyptech is renowned for delivering cutting-edge equipment and systems in the gypsum and roofing industries, with operations in North America and Europe, and a strong influence on modern construction practices. The acquisition aligns with Gyptech's mission to advance energy-efficient technologies and bolster its client support and service offerings. Moelis & Company LLC served as the financial advisor to Fortress, with Evercore as the placement agent for financing.
Sectors
- Manufacturing
- Private Equity
- Construction
Geography
- United States – The article mentions Fortress Investment Group, which is based in the U.S.
- Canada – Gyptech is headquartered in Burlington, Ontario, Canada.
- Europe – Gyptech has operational offices in Europe, expanding its global reach.
Industry
- Manufacturing – The article discusses Gyptech, which is involved in manufacturing equipment for gypsum wallboard and asphalt-shingle production.
- Private Equity – The article covers Fortress Investment Group, a private equity firm, acquiring a majority stake in Gyptech.
- Construction – Gyptech provides innovative equipment solutions to the construction industry, particularly in building materials production.
Financials
- – The article does not disclose the financial terms of the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gyptech | Target Company | Company | A global leader in manufacturing equipment for gypsum wallboard and asphalt shingles. |
| Fortress Investment Group LLC | Bidding Company | Company | A diversified global investment manager acquiring a majority stake in Gyptech. |
| Moelis & Company LLC | Legal Advisor | Company | Serving as the exclusive financial advisor to Fortress in the transaction. |
| Evercore | Placement Agent | Company | Acting as the placement agent for the financing of the acquisition. |
| Jeremy McKellar | CEO of Gyptech | Person | CEO of Gyptech expressing optimism about the growth opportunities through the acquisition. |
| Ben Green | Director at Fortress | Person | Director at Fortress expressing excitement about Gyptech's growth opportunities. |