Genstar Capital acquires International Aluminum for $228 million

By Lisa Kerner

Charlotte, N.C., April 2 - Genstar Capital, LLC completed its acquisition of International Aluminum Corp. in a transaction valued at $228 million, or $53.00 per share, according to a company news release.

The companies announced a definitive agreement on Jan. 10. At the time, the companies said the merger was expected to be financed through an equity investment by Genstar and committed debt financing from CIBC, Inc.

International Aluminum is a building products manufacturer based in Monterey Park, Calif. The company's stock will be delisted from the New York Stock Exchange.

Genstar is a private equity firm based in San Francisco.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.