M&A Deal Summary

H.I.G. Private Equity Acquires Farley Windows

On September 18, 2007, private equity firm H.I.G. Private Equity acquired building materials company Farley Windows from The Gienow Group for 106M CAD

Acquisition Highlights
  • This is H.I.G. Private Equity’s 2nd transaction in the Building Materials sector.
  • This is H.I.G. Private Equity’s 14th largest (disclosed) transaction.
  • This is H.I.G. Private Equity’s 1st transaction in Canada.
  • This is H.I.G. Private Equity’s 1st transaction in Ontario.
Investment Fate
  • Farley Windows was sold to a strategic buyer in 2014.

M&A Deal Summary

Date 2007-09-18
Target Farley Windows
Sector Building Materials
Buyer(s) H.I.G. Private Equity
Sellers(s) The Gienow Group
Deal Type Divestiture
Deal Value 106M CAD

Target

Farley Windows

Alexandria, Ontario, Canada
website
Farley Windows is a manufacturer of vinyl windows primarily for the home renovation and new construction market.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 57.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $500 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.


DEAL STATS #
Overall 53 of 350
Sector (Building Materials) 2 of 15
Type (Divestiture) 2 of 44
State (Ontario) 1 of 6
Country (Canada) 1 of 14
Year (2007) 11 of 13
Size (of disclosed) 14 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-19 Lucas Group

Atlanta, Georgia, United States

Lucas Group, Inc. is an executive recruitment firm committed to hiring, training, and molding the very best executive recruiters in the industry. Lucas Group surrounds our clients, candidates, and associates with meaningful communication and knowledgeable, consultative service. Lucas Group was founded in 1970 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Stream International

Wellesley, Massachusetts, United States

Stream Global Services (formerly Global BPO Services) is a global provider of business process outsourcing, delivering a range of services, including technical support, customer service, sales and customer retention.

Sell -

Seller(S) 1

SELLER

The Gienow Group

Calgary, Alberta, Canada

website


Category Company
Founded 1947
Sector Building Materials
DESCRIPTION

The Gienow Group is a Canadian window and door manufacturer and one of only two Canadian window and door manufacturers with a national manufacturing and sales presence. It designs, manufactures and sells a full range of high-quality, value-priced, custom windows and doors to new home builders, dealers, professional renovators and industrial customers from three manufacturing facilities in Alberta and one in Ontario. The Gienow Group produces a complete line of vinyl, wood, metal-clad wood and aluminum windows, as well as complementary entrance systems including steel, wood and fiberglass entry doors and vinyl, wood, metal-clad wood and aluminum patio doors. Its window products are available in a wide variety of designs, shapes and sizes for all styles of architecture. The Gienow Group also offers installation services and complementary products such as skylights and glass block windows.


DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Farley Windows

Alexandria, Ontario, Canada

Farley Windows is a manufacturer of vinyl windows primarily for the home renovation and new construction market.

Buy -