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Capital Partners Acquires Fletcher-Terry
Leader In Picture Framing, Woodworking, and Glass Fabrication
Capital Partners® is pleased to announce that Capital Partners Private Equity Income Fund II, LP completed an acquisition of The Fletcher-Terry Company, LLC (“Fletcher-Terry”) www.fletcher-terry.com on January 23, 2018 in partnership with its management, who will continue to lead the company.
Founded in 1868 and headquartered in East Berlin, CT, Fletcher-Terry is made up of six globally recognized brands: Fletcher, Alfamacchine, Albin, AMP, Picture Perfect and Atlas Saw & Tool, all marketed under the corporate umbrella Fletcher Business Group. Fletcher-Terry is a recognized leader across a diverse range of industries, including custom and OEM picture framing; sign and digital graphics; hardware; woodworking; and float and glass fabrication industries. Products include multi-market, solution-driven technologies for frame joining; mitre cutting; substrate cutting; hanging and display; assembly and finishing; and automated glass cutting.
“We are excited to partner with Capital Partners,” said Blair Tomalonis, President, Fletcher-Terry. “The recapitalization agreement with Capital Partners provides Fletcher-Terry with the business resources and financial strength needed to continue bringing new solution-driven technologies to market that will benefit our current and future customer base and industries served.” Mark Langer, Principal, Capital Partners, agreed and said “We are looking forward to supporting the Fletcher-Terry Company along with its management and employees to continue growing this well-respected, 150-year-old manufacturer. We believe that Fletcher-Terry brings significant and longstanding market value and complements our current strategic investment sectors of manufacturing, distribution and services.”