Calvert Street Announces the Sale of Groupe LMT, Inc.
Calvert Street is pleased to announce that it has successfully sold Groupe LMT, Inc. (“LMT”) to Muraflex, Inc. (“Muraflex”). During Calvert Street’s ownership, LMT became the largest supplier of architectural doors, frames and hardware to the commercial, institutional and residential building markets in Eastern Canada. Muraflex purchased LMT to expand its impressive U.S. distribution network and to add additional complimentary product lines.
Commenting on the acquisition, Alain Dumont, CEO of LMT said: “We are excited to continue LMT’s growth under the Muraflex umbrella of companies.”
Michael Booth, Partner at Calvert Street, added, “We were proud to work with Alain to professionalize LMT and build it into a building products market leader in Canada.”
LMT is a leading manufacturer and distributor of architectural doors, frames and hardware for the building products market in Eastern Canada. LMT combines in-house hollow metal manufacturing with distribution of wood doors and architectural hardware and access control. The Company has a long-standing reputation for its technical expertise and client service and has consistently grown since its founding in 1972.
ABOUT CALVERT STREET
Calvert Street is a Baltimore, Maryland-based private equity firm focused on investing in businesses in the lower middle market in targeted, thesis-led industry sectors. Calvert Street partners with founders, families and skilled management teams of privately held businesses to drive profitable growth and organizational transformation. Since its inception in 1995, Calvert Street’s managed funds have invested in over 85 platform acquisitions representing cumulative transaction values in excess of $1.3 billion.
For more information, please visit www.cscp.com