M&A Deal Summary

PGT Innovations Acquires NewSouth Window Solutions

On December 10, 2019, PGT Innovations acquired building materials company NewSouth Window Solutions

Acquisition Highlights
  • This is PGT Innovations’ 5th transaction in the Building Materials sector.
  • This is PGT Innovations’ 5th transaction in the United States.
  • This is PGT Innovations’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2019-12-10
Target NewSouth Window Solutions
Sector Building Materials
Buyer(s) PGT Innovations
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)
Foley & Lardner (Legal)

Target

NewSouth Window Solutions

Charleston, South Carolina, United States
NewSouth Window Solutions is a manufacturer and installer of high performance, energy-efficient replacement windows and doors made specifically for the Florida climate. NewSouth was formed in 2010 with factory showrooms in Tampa, Orlando, Sarasota, West Palm Beach, Ft. Lauderdale, and Jacksonville.

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Buyer(S) 1

Buyer

PGT Innovations

North Venice, Florida, United States
Category Company
Founded 1980
Sector Building Materials
Employees3,500
Revenue 883M USD (2020)
DESCRIPTION

PGT Innovations is a manufacturer and supplier of impact-resistant windows and doors through its WinGuard-branded product line. PGT’s impact-resistant products combine aluminum or vinyl heavy-duty frames with laminated glass to provide protection from hurricane-force winds and windborne debris. PGT Innovations was founded in 1980 and is based in North Venice, Florida.

DEAL STATS #
Overall 5 of 8
Sector (Building Materials) 5 of 8
Type (Add-on Acquisition) 5 of 8
State (South Carolina) 1 of 1
Country (United States) 5 of 8
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-24 Western Window Systems

Phoenix, Arizona, United States

Western Window Systems is a manufacturer of high-end, warm weather, custom aluminum windows and doors made for luxury homes, hotels, and office buildings. Western Window Systems was founded in 1959 and is based in Phoenix, Arizona.

Buy $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 Eco Window Systems

Miami, Florida, United States

Eco Window Systems is a vertically-integrated manufacturer of aluminum impact windows and doors. Eco operates three manufacturing facilities including glass production. Eco Window Systems was founded in 2008 and is based in Miami, Florida.

Buy $108M
Mergr

Product

Company

Legal