Altus Capital Partners, a Westport, Conn., private equity firm whose past investments in concrete have included Michigan-based Durand Forms Inc., has
Altus Capital Partners, a Westport, Conn., private equity firm whose past investments in concrete have included Michigan-based Durand Forms Inc., has acquired D.S. Brown Co. The North Baltimore, Ohio-based manufacturer specializes in components and coatings for highway, bridge and airport structures and pavement, including the modular, precast concrete Exodermic Bridge Deck system for fast-track retrofit.
Terms of the transaction, which was made with its co-equity investors and company management, were not disclosed. Altus Senior Partner and new D.S. Brown Chairman Greg Greenberg, however, cites the manufacturer’s long tradition of delivering superior value through highly engineered niche products.
D.S. Brown has the industry’s broadest line of expansion joint and structural bearing products with solutions suitable for every type of bridge system, he says, adding: Given the condition of our nation’s aging infrastructure, D.S. Brown is well positioned for growth. Over 80 percent of the company’s business is driven by rehabilitation and refurbishment of existing infrastructure in the U.S.