Target: International Aluminum Corp.
Sponsor: Genstar Capital
Purchase Price: $228 million
Financial Advisor: Seller: Citigroup
International Aluminum Corp. generates $36 million of EBITDA, and has an enterprise value of $209 million.
Genstar Capital used its $475 million
International Aluminum has three divisions. The commercial division, the company’s largest, sells products such as storefronts for big box retailers, aluminum siding for large office buildings, and doors to office buildings. Its aluminum extrusion division takes raw aluminum and fabricates it into different shapes and sizes to form fabricated aluminum products. The company also has a residential windows and doors division.
International Aluminum is based in Monterey Park, near Los Angeles, and has 20 facilities located throughout North America.
Citigroup ran the auction for International Aluminum in the second quarter and Genstar Capital and International Aluminum signed the deal on Jan. 9., Gold said.—E.B.