Clarus Glassboards Announces Investment by Bertram Capital.
FORT WORTH, Texas, March 9, 2015 /PRNewswire-iReach/ -- Clarus Glassboards is excited to announce a major capital investment by Bertram Capital, based in San Mateo, California. The agreement with Bertram represents a sizable investment in the industry and further solidifies Clarus Glassboards' position as a clear market leader for glass dry erase visual display systems.
"We're thrilled to partner with Bertram Capital. This agreement reflects their recognition of our leadership in the market and long-term growth plans" said Andy Philipp, President at Clarus Glassboards. Clarus has enjoyed remarkable growth over the past six years, beginning as a small operation with two employees and developing into a vertically integrated organization with over 100 employees including in-house product development and a national sales force. This tremendous growth has been driven by visionary leadership, forward thinking design, beautiful and innovative products and a relentless commitment to quality and improvement. "Bertram is the right fit culturally and strategically to assist with our future growth and product plans" said co-founder Robby Whites. He continued "I am honored to work with their leadership team and looking forward to writing the next chapter in the history of Clarus Glassboards."
Jeff Drazan, Managing Partner of Bertram Capital, noted, "Clarus represents exactly the type of business Bertram Capital seeks to partner with: a market leading company in a niche sector, benefitting from strong secular tailwinds, and in a position where Bertram Capital can assist the company in reaching its next phase of growth."
The investment by Bertram into Clarus will provide additional support resources and capital to fuel future product development and expansion as Clarus continues to serve the architectural and design community and commercial interior markets with new and innovative products. With this partnership in place, Clarus will continue changing the face of writable glass surfaces. The existing management team and partners at Clarus will retain significant ownership in the company and remain active in the organization.
About Clarus Glassboards
Clarus Glassboards is the leader in glass whiteboards and glass visual display systems for offices, healthcare environments, educational institutions and other commercial spaces with a wide range of Glassboard and architectural glass products. Clarus Glassboards are made in the USA, eco-friendly and will last the life of your wall. Visit www.clarusglassboards.com for more information.
About Bertram Capital
With over $850 million in capital under management, Bertram Capital is a private equity firm targeting investments in lower middle market companies. By supplying flexible investment capital and committing a wealth of operational and strategic resources to each investment, we make it our core objective to move companies, management teams, and employees toward unlocking their full potential. Visit www.bertramcapital.com for more information.
Media Contact: Matt Devlin, Marketrics Group, 214-471-5499, firstname.lastname@example.org
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Clarus Glassboards
|Printer friendly Cite/link Email Feedback|
|Date:||Mar 9, 2015|
|Previous Article:||Camp Lake University Embraces International Trends to Provide University-Based Executive Education.|
|Next Article:||Webcast Alert: B2W Digital Announces Fourth Quarter of 2014 Results Webcast.|