Beekman Investment Partners IV, LP, a private equity firm based in New York, announced that an affiliate has completed the acquisition of GED Integrated Solutions Inc. Beekman partnered in the transaction with GED management and Jeff Reed, Beekman’s Industry Advisor for Industrial Services investments.
“We are thrilled to partner with Beekman and look forward to building on our culture of engineering excellence to continue providing equipment, software and support that automates critical processes for our customers,” says Bill Weaver, CEO of GED. “The Beekman team, including Jeff Reed, have significant experience in industrial equipment, services and automation, and they will bring more than just financial support in the years to come. With their involvement, we are confident in achieving our growth objectives and our ability to service customers with the excellence they expect.”
"GED has a long track record of providing differentiated, highly engineered automation solutions in the window industry, and compelling ROI to its customers through labor efficiency initiatives,” says Jim Clippard, principal at Beekman. “Their high market share speaks volumes about the effectiveness of their automation products, responsive service and customer support. This is a great platform to build upon, and we are excited to support the GED team in the next phase of growth, both organic and through M&A, with the goal of building a broader industrial automation platform.”
“GED is a terrific platform and I look forward to partnering with Beekman and the GED management team,” says Reed. “I have extensive experience within the industrial automation/equipment space and have completed several past transactions with the Beekman deal team. I see many attractive growth opportunities for GED both organically and through acquisitions.”
