The Beekman Group Helps GED, a Leader in Automation Equipment, Achieve Successful Recapitalization
Gracie Gottlieb | 20 July, 2023
The Beekman Group, a prominent private equity firm based in New York City, has recently announced the successful recapitalization of GED Integrated Holdings, Inc. (GED), a leading provider of automation equipment to the window and door manufacturing industries. With a strong market position, innovative products, and a track record of exceptional customer service, GED has established itself as a key player in the industry.
Beekman's investment in GED in 2020 was driven by the company's impressive market standing, its commitment to innovation, and its capable management team. The partnership between Beekman and GED's managers, along with Beekman Industry Advisor Jeff Reed, who brings over 25 years of experience in managing and growing industrial automation equipment companies, has proven to be a successful collaboration.
Despite the challenges posed by the COVID-19 pandemic, GED has achieved strong organic growth during Beekman's ownership. This growth can be attributed to the company's market-leading position and the expertise of its management team, including Mr. Reed, who acted as Executive Chairman. In 2021, GED expanded its operations by acquiring Norfield, Inc., a company in the pre-hung door equipment industry that shares similar characteristics with GED, including a leading market position, value-added products, a long operating history, and an experienced management team. This acquisition has further enhanced GED's standing in the market and contributed to its continued success.
James Clippard, Managing Director of The Beekman Group, expressed his satisfaction with the partnership with GED's management team and wished them continued success. He praised GED for its domain expertise, engineering excellence, and commitment to customer service, which have been key factors in the company's growth. Clippard also acknowledged Jeff Reed's valuable contributions as Executive Chairman of GED, noting that this is the third successful partnership between Beekman and Mr. Reed.
Steve Lang, CEO of GED, also expressed his gratitude to The Beekman Group for their partnership and support during a period of substantial growth for the company. He emphasized Beekman's active involvement in helping GED execute its growth plans and Jeff Reed's role as a true partner to GED. Lang expressed his excitement about continuing to work with Reed alongside their new investment partner, expressing confidence in GED's bright future.
GED Integrated Holdings, Inc. offers a comprehensive range of equipment, parts, software, and services for the manufacturing and assembly of insulated glass, vinyl window frames, and pre-hung doors. The company is particularly known for its patented insulated glass system, the Intercept "Warm-Edge" Spacer, which enhances both thermal capabilities and quality. GED provides customers with engineered, modular automation solutions that significantly improve efficiency and productivity.
The Beekman Group is a highly respected private equity firm that focuses on building industry-leading companies in the healthcare, consumer, and business services sectors. With over $1 billion in assets under management and a history of successful transactions, Beekman is known for partnering with management teams to accelerate growth through organic initiatives and strategic acquisitions.
For more information about GED Integrated Holdings, Inc., please visit [www.gedusa.com](http://www.gedusa.com) and [www.norfield.com](http://www.norfield.com). To learn more about The Beekman Group and their investment strategies, please visit [www.thebeekmangroup.com](http://www.thebeekmangroup.com).
In conclusion, the successful recapitalization of GED by The Beekman Group highlights the continued growth and success of the company in the automation equipment industry. With Beekman's support and expertise, GED is well-positioned to further strengthen its market position and deliver exceptional products and services to its customers. The partnership between Beekman, GED's management team, and Jeff Reed demonstrates the power of collaboration and strategic investment in driving growth and creating long-term value.
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