TAMPA, Florida — Hyde Park Capital announced today that its client, Commercial Residential Aluminum (“CRA”), a leading vertically integrated designer, manufacturer, and installer of outdoor aluminum products serving both commercial and residential markets has been acquired by Garden City Equity (“Garden City”). Hyde Park Capital served as the exclusive investment banker to CRA for this transaction. Shumaker, Loop & Kendrick served as legal counsel to CRA.
Jeff Giles, Senior Partner and Chief Investment Officer of Garden City, stated: “CRA has achieved tremendous success thanks to the hard work and dedication of its 200+ team members. We’re excited to help build on the strong foundation they’ve established as we pursue growth in their core markets and beyond.”
Tom Teffenhart, owner of CRA, commented: “We couldn’t be happier to be partnered with the Garden City team. Our focus has always been to build a great company, and we are excited to continue that trajectory. I’m confident this milestone will further propel our growth and is a strong reflection of the bright future ahead. I’m deeply grateful to everyone who has contributed to the company’s journey. The expertise, determination, and commitment of the Hyde Park team were essential in achieving this outstanding result. I’m grateful to have had them as a trusted advisor throughout the process.”
Doug Sorantino, CEO of CRA, also added: “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. I’m incredibly proud of what our team has accomplished and energized by what’s ahead. Hyde Park’s strategic guidance, expertise, and dedication were critical to the success of this milestone step in our journey. Their thoughtful approach and execution were key to delivering an exceptional outcome for us.”
Matthew Gladdish, director at Hyde Park Capital, reflected on the transaction: “It has been a privilege to advise Tom, Doug, and the CRA team throughout this process. CRA’s vertically integrated model built on strong manufacturing capabilities and exceptional customer service has enabled the company to grow its market share and presence across the region. We are excited to watch CRA’s continued growth for years to come.”