LONGMONT - High Country Millwork, a manufacturer of custom store furnishings for the retail industry, has been acquired by the Fleetwood Acquisition Corp.

Longmont-based High Country Millworks will continue to operate out of its 87,000-square-foot plant in Longmont.

Financial terms of the deal were not disclosed.
Pennsylvania-based Fleetwood Acquisition Corp. is owned Grey Mountain Partners, a Boulder-based private-equity firm that focuses on acquiring family-held companies and partnering with their management teams. Fleetwood Acquisition is the parent company of Fleetwood Fixtures, another provider of store fixtures to the retail industry.

High Country Millwork was previously owned by chief executive Michael Childs and a group of outside investors. The company's management team will remain intact, with the exception of Childs, who will remain as a consultant for a period of time to assist with the transition.

"This transaction is a great success for all parties involved," Childs said. "It provides the former owners with a return on their investment, the High Country Millwork employees with tremendous opportunities to grow and develop, and current and future High Country Millwork customers with an even stronger supplier of premium fixtures. ... It also provides me with a path toward future retirement, while knowing that High Country Millwork will continue to flourish."

Will Pucillo, affiliate manager at Grey Mountain, said the private-equity firm is "fortunate to put together two of the leading brands in the retail fixturing industry. We fully support the growth strategy of Fleetwood and High Country Millwork and look forward to seeing this strategy bring something special to the retail fixture space."