Garden City Equity, an Atlanta-based holding company, has announced the acquisition of Commercial Residential Aluminium (CRA), a Venice-based manufacturer of outdoor aluminium products serving both residential and commercial markets. The deal underscores Garden City Equity's strategy to expand its portfolio in the building and outdoor solutions sector.
Founded in 1992, CRA operates three facilities across the state and specialises in patio enclosures, fencing, railing and other custom aluminium structures. The acquiring firm is pursuing a strategy of investing in founder-led businesses and plans to support CRA's continued growth within its core markets while driving expansion into new regions.
Doug Sorantino, Chief Executive Officer of CRA, stated, "This partnership with Garden City marks an exciting new chapter for our company. We've worked hard to build a strong foundation and are excited to continue accelerating our growth."
Hyde Park Capital, an investment banking firm specialising in mergers and acquisitions, acted as the exclusive financial advisor for the transaction. CRA owner Tom Teffenhart stated that the investment banker's strategic guidance will play a key role in positioning the company to achieve a strong outcome from the deal.
This marks the acquiring firm's first platform investment in the outdoor aluminium products sector, underscoring its commitment to partnering with strong, differentiated market leaders in resilient industries. Earlier in January, the firm invested in Westbrook Service Corporation, a Florida-based provider of commercial HVAC, electrical and plumbing solutions.
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