Posted on January 23, 2023
Charger Investment Partners announced today it has partnered with management to complete the acquisition of CMI Limited Co., LLC, a leading designer and manufacturer of innovative, engineered products for shoreline preservation and marine access. Financial terms of the transaction were not disclosed.
Founded in 1988 and headquartered in Woodstock, GA, CMI provides sustainable solutions for protection and accessibility of a wide variety of marine and commercial environments through three distinct market segments: recycled and sustainable synthetic sheet piling, marine-grade decking and aluminum access products. CMI’s products are marketed under industry-leading brands, including: ShoreGuard®, UltraComposite®, AlumiGuard™, TimberGuard®, Lumberock®, GatorDock® and GatorBridge®, and are used in applications such as seawalls, flood-levee protection, cut-off & containment, soil stabilization, and marine access. The company’s customers include distributors, contractors, owners, engineers, municipal and other governmental institutions.
“Charger is the perfect partner to continue driving growth and innovation at CMI,” commented CMI CEO Doug Zacharias. “CMI has a long history of innovation, quality and customer service, having pioneered the recycled vinyl sheet piling industry to provide our customers with protection and access solutions. Our customer-centric approach provides engineered solutions at a lower total cost of ownership using alternative and sustainable materials. We are extremely excited to partner with Charger and leverage their expertise, operational insights and partnership philosophy to accelerate growth and continue our track-record of success.”
“We are thrilled to partner with Doug and the entire CMI team,” said Aaron Perlmutter, co-founder and partner at Charger. “CMI has an impressive history of leadership within its industry and we admire their focus on sustainability of marine environments. We share management’s vision of the future and look forward to supporting the next phase of the company’s growth.”
Massumi + Consoli LLP acted as legal advisor to Charger and Stifel served as the investment banking advisor to CMI.
About Charger Investment Partners
Based in El Segundo, California, Charger Investment Partners is a private equity firm that invests in dynamic small and mid-sized companies primarily in the industrial, services, and consumer industries that can benefit from Charger’s partnership and value enhancement expertise. The firm’s principals have decades of experience successfully building market-leading companies and utilizing an operationally focused, flexible capital approach that encompasses a variety of transaction types including ownership transitions, corporate carve-outs, and recapitalizations. For more information, please refer to the Charger website at www.chargerinv.com.
About CMI
Founded in 1988 and headquartered in Woodstock, GA, CMI is a leading designer and manufacturer of engineered solutions for shoreline preservation and access, including vinyl, composite and aluminum sheet piling, mineral-plastic composite marine decking, and aluminum docks, bridges and gangways. CMI founded the vinyl sheet piling industry with its ShoreGuard brand of vinyl sheet piling products and offers the industry’s most extensive product line of vinyl, composite and aluminum sheets.
