Vantage Recapitalizes with Ontario Teachers

Industrial

Vantage, a portfolio company of Golden Gate, recapitalization with Ontario Teachers


Summary

Vantage Elevator Solutions (“Vantage”), a portfolio company of Golden Gate Capital (“Golden Gate”), recently completed a recapitalization with Ontario Teachers’ Pension Plan Board (“Ontario Teachers”). Golden Gate will retain a significant minority ownership stake in the company. Terms of the transaction were not disclosed.

Baird served as a financial advisor to Vantage Elevator Solutions on this transaction

About

Vantage is a leading North American elevator component manufacturer, providing a broad portfolio of parts and components used in elevator systems, including door operators, traction machines, and controllers, among others. Vantage is comprised of eight business units including GAL; GAL Canada; Hollister-Whitney; Elevator Controls; Courion; Thames Valley Controls; Vertical Dimensions; and Bore-Max. Vantage supplies almost all electro-mechanical devices used in contemporary elevators to independent elevator service companies and OEM service organizations engaged in the installation, maintenance and modernization of elevators. Vantage is headquartered in Bronx, New York.

Golden Gate Capital is a private equity investment firm with over $19 billion in cumulative committed capital. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. Golden Gate is headquartered in San Francisco, California.

Ontario Teachers’ Pension Plan Board is the administrator of Canada’s largest single-profession pension plan with CA$227.7 billion in net assets as of June 30, 2021.
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Industrial

Vantage, a portfolio company of Golden Gate, recapitalization with Ontario Teachers

Date
December 2021
Company
Vantage Elevator Solutions
Transaction
M&A - Sellside
Sectors
Industrial
Verticals
Building & Construction Products
Highly Engineered Components
Machinery & Equipment
Target Location
North America
Acquiror Location
North America

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