OpenGate Capital Acquires Hufcor, Inc.
OpenGate Capital, a global private equity firm, announced today that it has acquired Hufcor, Inc. (“Hufcor”), the world leader in the design, manufacturing and installation of movable partitions and flexible space management solutions. Terms of the transaction were not disclosed.
Founded in 1900 with headquarters in Janesville, Wisconsin, Hufcor is the most installed brand of operable partitions worldwide. Hufcor offers its customers a global solution through dedicated manufacturing facilities in the United States, Australia, New Zealand, Germany, China and Malaysia. With its vast distribution network, the company’s products have been installed in hotels, convention centers, schools, universities and places of worship throughout the world.
Andrew Nikou, founder and CEO at OpenGate Capital, stated, “As OpenGate Capital manages a global portfolio of businesses in a broad array of industries, Hufcor represents an exciting addition as a category leader providing superb quality products and services to a variety of businesses around the world. Our team has worked diligently with the seller to complete a customized divestiture solution, and I am incredibly proud of the efforts of our M&A and Operations team.”
Leading the transaction was Matthias Gundlach, a Senior Principal in OpenGate’s Los Angeles office. Gundlach commented, “Hufcor’s strong leadership position will be bolstered through new product innovation, a continued focus on service and branding and we are thrilled to be joining forces with the management team to drive the next era of growth at Hufcor.”
Hufcor’s CEO, Kevin Flanagan, said that Hufcor and OpenGate were an exceptional fit.
“The acquisition of Hufcor by OpenGate Capital is exciting news for Hufcor’s employees, numerous global partners and customers. Management is excited to be partnering with OpenGate to accelerate its growth plan. OpenGate’s global presence and focus will assist Hufcor in reaching its full potential - operationally and commercially,” said Flanagan.
Hufcor represents the sixth acquisition through OpenGate Capital’s first institutional fund following the firm’s 2016 acquisitions of Power Partners, Energi Fenestration Solutions, Bois & Matériaux, Alfatherm and EverZinc.
About OpenGate Capital
OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California and has a European office in Paris, France. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital, through its legacy and fund investments, has executed more than 30 acquisitions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special-situation investments. To learn more about OpenGate, please visit www.opengatecapital.com.
At Hufcor, we exist to shape the experience that people have within a built environment – we’re in the business of space management. Offering the widest range of glass, operable, vertical lift and accordion partitions, our products shape space by providing flexible sight and sound separation, and enable our customers to control the atmosphere and experience of their space. Shaping your experience isn’t just about what we do, but how we approach business. Committed to advancing what’s possible in space management, we are consultants that have more, do more, and deliver more for our customers. Every day we work with architects, contractors, and building owners across markets to help them maximize the utilization of their space to realize what’s possible. We shape our customer’s experience through the breadth and quality of our expertise, capabilities and products along with our inherent drive to solve problems. This uniquely positions Hufcor to reliably deliver exactly what’s needed. To learn more about Hufcor, please visit www.hufcor.com.
OpenGate Media Contacts
Alanna Chaffin, +1 (310) 432-7000
Sitrick & Company
Mike Sitrick, +1 (310) 788-2850
OpenGate Business Development Contact
Joshua Adams, +1 (310) 432-7000
Hufcor Media Contact
Mike Kontranowski, +1 (608) 758-8249
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Tilaa tiedotteet sähköpostiisi
Haluatko tietää asioista jo ennen kuin ne uutisoidaan? Kun tilaat tiedotteemme tältä julkaisijalta, saat ne sähköpostiisi yhtä aikaa suomalaisen median kanssa. Tilauksen voit halutessasi perua milloin tahansa.
Lue lisää julkaisijalta Business Wire
Equifax Integrates Entersekt’s Digital Security System22.2.2018 15:35 | Tiedote
Entersekt, a leader in push-based authentication and mobile app security, today announced a technology partnership with global information solutions company Equifax Inc. (NYSE:EFX). Equifax has licensed Entersekt’s product Transakt to serve as an additional layer of security protecting the Equifax online and mobile services. Transakt empowers consumers to play an active role in safeguarding their digital identities and accounts. Whenever access to a digital identity or account is required, an authentication request is pushed to their phone or tablet in real time. They approve or block access by simply tapping Accept or Reject. It’s a highly intuitive, one-touch user experience engineered for a mobile-first world. Transakt’s ease of use belies its advanced set of security features. Covered by 56 patents in the United States and elsewhere, the digital-certificate–based technology uniquely identifies each registered mobile device; ensures its continued integrity as a factor of authenticat
Kite, a Gilead Company, and Sangamo Therapeutics Announce Collaboration to Develop Next-Generation Engineered Cell Therapies for the Treatment of Cancer22.2.2018 15:00 | Tiedote
Kite, a Gilead Company (Nasdaq:GILD) and Sangamo Therapeutics, Inc. (Nasdaq:SGMO) today announced the companies have entered into a worldwide collaboration using Sangamo’s zinc finger nuclease (ZFN) technology platform for the development of next-generation ex vivo cell therapies in oncology. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180222005488/en/ Kite will use Sangamo’s ZFN technology to modify genes to develop next-generation cell therapies for autologous and allogeneic use in treating different cancers. Allogeneic cell therapies from healthy donor cells or from renewable stem cells would provide a potential treatment option that can be accessed directly within the oncology infusion center, thus reducing the time to infusion for patients. Under the terms of the agreement, Sangamo will receive an upfront payment of $150 million and is eligible to receive up to $3.01 billion in potential payments, aggregated across 10
ImmerVision to Showcase AI-Ready Vision Technology at MWC 201822.2.2018 15:00 | Tiedote
ImmerVision, a technology company enabling intelligent vision in all the world’s devices, announced today that it is uniquely prepared to provide AI-ready, data-rich image processing to today’s most incisive device makers and manufacturers. Indeed, ImmerVision is already providing such hyper-intelligent image capture capabilities to some of the world’s top brands. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180222005513/en/ ImmerVision Enables AI-ready intelligent devices include Acer Holo360, Quanta Pi SOLO, and Tamaggo 360LiveCam (Graphic: Business Wire) Based in Montreal, Canada, ImmerVision develops wide-angle panomorph lenses and data-augmented imaging algorithms, enabling creative manufacturers to see more and smarter while creating professional and consumer devices. “In our quest to enable intelligent vision in every device, ImmerVision has taken a great leap forward,” says Alessandro Gasparini, Executive Vice Presi
CorFlow Presents Fundamental New Insights into the Coronary Microcirculation at ACC22.2.2018 12:10 | Tiedote
CorFlow Therapeutics AG (www.corflow-therapeutics.ch) today announced that the company will present fundamental new insights into the coronary microcirculation during the annual meeting of the American College of Cardiology (ACC) in Orlando, FL, March 10-12, 2018. CorFlow has since its foundation in June 2016 worked to document that the Controlled Flow Infusion (CoFITM) technology is able to measure the coronary microvascular status and provide therapy to the compromised coronary microcirculation at the same time. Microvascular obstruction (MVO) affects more than half of the acute heart attack patients and is an independent predictor for complications including heart failure which constitutes a high cost burden for the world-wide health care system. To address this large unmet medical need in interventional cardiology, CorFlow has developed an in-vivo model which reproducibly creates MVO in an occlusion-reperfusion model with very low complication rates. Using this in-vivo model, the C
DocsCorp White Paper Encourages Businesses to Review their 2018 Data Protection Strategy – Protection through Technology22.2.2018 12:02 | Tiedote
Tough new data protection laws are coming – are you prepared? Reviewing your data protection strategy in 2018, a new white paper published today by DocsCorp, challenges readers to assess their readiness to comply with rigorous upcoming data protection standards affecting businesses in Europe, the Americas and Australia. DocsCorp contends that organizations around the world will be affected by new data laws. The UK’s General Data Protection Regulation (GDPR) goes into force in May 2018. Australia’s new, sweeping National Data Breach (NDB) notification laws already require all businesses to report data breaches. In the United States, many individual states have passed their own data protection laws, and the US federal government has proposed the nationwide Data Security and Breach Notification Act, currently under congressional review. A main focus of GDPR is “Privacy by Design and Default,” which recommends preventative action before breaches occur rather than coping with damages and pe
GSMA Warns That Policymakers Must Act Now to Avoid Mobile Network “Gridlock” in Major Cities22.2.2018 12:00 | Tiedote
The GSMA today published a new report that examines the ability of mobile networks to meet the exploding demand for mobile data in the world’s largest and densest cities. The GSMA/Boston Consulting Group report, “Delivering the Digital Revolution: Will Mobile Infrastructure Keep Up with Rising Demand?”, finds that networks in so-called “megacities” such as New York, Shanghai, Shenzhen and Tokyo will face a significant gap between mobile data traffic demand and available network capacity, with as much as 48 per cent of traffic demand going unserved in ultra-dense urban areas by 2025. The report highlights that regulatory reform will be critical in closing the projected supply-demand gap and unlocking the economic potential of next-generation mobile broadband. “The current global regulatory landscape has been successful in creating a competitive market that has made mobile connectivity accessible to more than five billion people around the world,” said John Giusti, Chief Regulatory Offic
Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.Tutustu uutishuoneeseemme