ATIS Group Strengthens National Network with Acquisition in Ontario
Vinylbilt brings state-of-the-art technology and operational excellence
Montreal, QC – April 7, 2010– Quebec-based ATIS Group announced today the acquisition of Vinylbilt Windows Systems Inc. of Vaughan, Ontario, strengthening ATIS Group’s operations and presence in Ontario. ATIS Group has now completed 13 acquisitions since 2004 and has 11 factories throughout its operations in BC, Alberta, Ontario, Quebec and the Maritimes.
“Vinylbilt is an outstanding company that will give us a strong presence in central Canada and operational excellence that we will transfer throughout our national network,” said Robert Doyon, President, CEO and shareholder of ATIS Group. “Combined with our recent acquisition of Allsco, we now have a wealth of new products, practices and economies of scale to leverage across our fast-growing network, which we will continue to build on in the coming months.”
Vinylbilt is one of the premier manufacturers of vinyl replacement windows for residential use and also offers laminated wood grains, various hardware options as well as proprietary technology, such as its Simply Clean Technology, a coating that breaks down dirt particles and reduces the need to clean windows. The company gives ATIS Group access to a strong dealer base of 250 outlets, boasts an elaborate quality control system and manufactures in a cell type structure with modern equipment.
“We immediately saw that the values fit was right with ATIS and are confident that our proven operational excellence, state-of-the-art facilities and quality control system will contribute to the continuing growth and success of ATIS Group,” said Tony De Marco from Vinylbilt. “We are very excited to be part of a network that has made major investments in its infrastructure and that gives Vinylbilt access to new markets, new product lines and exceptional cross-selling opportunities.”
About ATIS Group
ATIS Group is one of the largest manufacturers of doors and windows in Canada with 11 factories, 2,000 employees and revenues of approximately $250 million. The group manufactures, distributes and markets a complete range of doors, windows and high performance energy-efficient products for the construction and home improvement markets through its affiliated companies: Allied Windows, Allsco, Extrusion SP, Laflamme, Melco, Phoenix Glass, Solarcan, Vimco and Vinylbilt Windows Systems.
About Key Principal Partners
Key Principal Partners (KPP) is a $1 billion private investment firm that provides expansion capital to profitable middle-market companies with at least $30 million in revenue. The firm has the flexibility to provide any combination of subordinated debt, preferred equity and/or common equity in either non-control (minority ownership) or control (majority ownership) positions. KPP can invest between $10 million and $40 million to facilitate the growth, acquisition, refinancing, deleveraging or liquidity needs of private company owners and their management teams. Affiliated with KeyCorp, KPP is headquartered in Cleveland, and has additional offices in Greenwich, and San Francisco.