Grey Mountain buys second glass firm

BOULDER – Private equity firm Grey Mountain Partners in Boulder bought Binswanger Enterprises LLC, in Memphis, Tennessee.

Terms of the deal were not disclosed.

Binswanger designs and installs architectural glass and aluminum products. The company focuses on maintenance, repair and remodeling of residential and commercial buildings with more than 70 locations in 14 states. It also covers the auto glass replacement market.

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Binswanger is expected to grow as a result of the sale, said Will Pucillo, a Grey Mountain Partners spokesman.

“The management team and over 750 employees can now focus on better serving its customer base and growing into new parts of the market,” Pucillo said in a statement.

The announcement comes one day after Grey Mountain said it bought Global Security Glazing, a ballistics-grade security glass company in Selma, Alabama.

Grey Mountain Partners most commonly invests in companies with enterprise values between $30 million and $150 million, Jason Urband, a spokesman for the firm, said in an emailed response to a request for comment.