TORONTO AND WINDSOR, ON, Nov. 10, 2011 /CNW/ - Carpedia Capital Ltd. and
Banyan Capital Partners jointly announced today that they have made a
significant equity investment in G.W. Anglin Manufacturing Inc. ("GWA"
or the "Company"). The President and CEO, Loris Boschin, will retain a
significant equity stake in the company and continue to run the
GWA is a leading upfitter in Canada for large scale, high performance
commercial fleets - particularly for the complex vehicles primarily
utilized by large natural gas utility, electric utility and
telecommunication customers. As one of Canada's few vertically
integrated commercial vehicle upfitters, GWA designs, manufactures and
installs a majority of the product it integrates into vehicles -
providing customers with turn-key work vehicle solutions. GWA is also a
Tier 1 supplier of low volume, light metal fabrications incorporated
into heavy equipment vehicles and a Tier 2 supplier of low volume
automotive parts. Please refer to www.gwanglin.com for further information.
Jeff Wigle, Managing Director of Banyan Capital Partners, said: "We see
an opportunity for GWA to build on its position as one of Canada's
leading upfitting businesses through consolidation and organic growth.
We look forward to working with Loris Boschin and his team to achieve
these growth objectives."
Greg Tremblay, co-founder of Carpedia Capital, said: "GWA is an
entrepreneurial success story in the Canadian manufacturing sector, one
which has its best days yet ahead. We believe that the Company is
poised to expand significantly as a result of its competitive
advantages in quality, delivery, cost and innovation - each of which we
expect to further strengthen through application of the Carpedia
approach to building great businesses."
Loris Boschin, CEO and President of GWA, had this to say: "This
transaction completes a key milestone in the execution of our Company's
strategic growth plan. Partnering with these two world-class
organizations will drive innovation and add value to our customers. We
look forward to working with Banyan Capital Partners and Carpedia
Capital to solidify our position as the Canadian vehicle upfitter of
About Carpedia Capital Ltd.
Carpedia Capital Ltd. ("Carpedia Capital") invests in fundamentally
strong Canadian businesses in which sustainable profit improvement can
be created through the Carpedia approach to building great businesses.
Carpedia Capital is the investing arm of the operations improvement
consulting firm Carpédia International, which is singularly focused
upon delivering tangible, measurable, sustainable profit improvement
through improvements to processes, systems and behaviours. www.carpediacapital.com
About Banyan Capital Partners
Banyan is part of the Connor, Clark & Lunn Financial Group, a
multi-boutique asset management company whose affiliated companies
collectively manage approximately $37 billion of assets on behalf of
advisors, individuals and institutional investors. www.banyancapitalpartners.com
SOURCE Banyan Capital Partners
For further information:
Carpedia Capital Ltd.
Glen Ampleford, Vice-President
Banyan Capital Partners
Jeff Wigle, Managing Director
G.W. Anglin Manufacturing Inc.
Loris Boschin, President and CEO
(519) 727-4398 ext 226