Grey Mountain Partners announced it has closed Grey Mountain Partners Fund III, L.P., a $425 million lower middle-market buyout fund.  Since 2003, the firm has been acquiring majority interests in North American-based businesses with enterprise values between $30 million and $150 million. Grey Mountain is focused on the following situations/transaction types: family-owned companies, corporate divestitures, take-private transactions and situations involving management transitions.

Consolidated Glass Holdings, which includes a number of glass-industry companies, is an affiliate of Grey Mountain Partners.