Superior Capital acquires two glass, aluminum companies

Detroit-based private equity firm Superior Capital Partners LLC has acquired two architectural glass and aluminum companies -- Aldora Glass Holdings in Florida and Coastal Glass Distributors Inc. in South Carolina -- from its initial equity fund.

Terms of the deal, which took effect July 26, were undisclosed. The combined operation, to be bundled under platform company Aldora Holdings Inc., is based in Miramar, Fla., and represents about $20 million in combined revenue and more than 160 employees in both states, with more than 1,250 customers in several southeastern U.S. states.

Aldora Glass owner Leon Silverstein becomes CEO of Aldora Holdings. Managing Director Scott Hauncher at Superior Capital said Aldora and Coastal are the fund's 14th and 15th acquisitions, and both companies retain their names as subsidiaries of Aldora Holdings, the fund's sixth platform company.

Aldora and Coastal are fabricators and distributors of architectural glass and aluminum products, including storefront and entrance doors, table tops, shelves, window and curtain wall systems.

Superior Capital launched its first fund in 2007 with a $50 million fund to invest in distressed companies in need of turnaround help, and told Crain's in July it is preparing this year to raise a second fund.