PE-backed G.W. Anglin acquires Polytek Equipments

G.W. Anglin Manufacturing Inc, a portfolio company of Canadian mid-market private equity firms Banyan Capital Partners and Carpedia Capital, has bought the assets of Polytek Equipments Inc, a Laval, Québec-based upfitter and electronic services provider to commercial vehicle fleets. The acquisition's value was not published. G.W. Anglin said the deal is a key milestone in its strategic plan to become Canada's leading fleet vehicle upfitter. Founded in 1966, the Tecumseh, Ontario-based company has been backed by Banyan and Carpedia since 2011. Last June, Banyan funded the management buyout that created Newcrete Investments LP.

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