Investment Summary

Wingate Partners, Capital Southwest and Main Street Capital Exits Binswanger Glass

On November 12, 2025, private equity firm Transom Capital Group invested in construction company Binswanger Glass from Wingate Partners, Capital Southwest and Main Street Capital

Investment Highlights
  • This is Transom Capital Group’s 1st transaction in the Construction sector.
  • This is Transom Capital Group’s 27th transaction in the United States.
  • This is Transom Capital Group’s 1st transaction in Tennessee.

Investment Summary

Date 2025-11-12
Target Binswanger Glass
Sector Construction
Investor(s) Transom Capital Group
Sellers(s) Wingate Partners
Capital Southwest
Main Street Capital
Deal Type Secondary Buyout
Advisor(s) Genesis Capital (Financial)
Willkie Farr & Gallagher (Legal)

Target

Binswanger Glass

Memphis, Tennessee, United States
Binswanger Glass provides residential and commercial glass installation, repair, and replacement services across the United States. The Company offers products and services such as curtain walls, storefronts, shower enclosures, custom mirrors, and window repair for projects ranging from small residential jobs to large-scale commercial glazing. Binswanger Glass was founded in 1872 and is headquartered in Memphis, Tennessee.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

Investor

Transom Capital Group

El Segundo, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Transom Capital Group is an operationally-focused private equity firm that seeks buyouts and control investments in middle-market companies with established revenue streams and business models. Transom is sector agnostic and will consider opportunities throughout North America. Target companies typically have cash-flows up to $100 million. Transom Capital Group was formed in 2008 and is based in El Segundo, California.


DEAL STATS #
Overall 27 of 27
Sector: Construction M&A 1 of 1
Type: Secondary Buyout M&A Deals 9 of 9
State: Tennessee M&A 1 of 1
Country: United States M&A 27 of 27
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-28 SigmaTron International

Elk Grove Village, Illinois, United States

SigmaTron International is a full service EMS provider with a network of manufacturing facilities in the United States, Mexico, China and Vietnam. SigmaTron International was founded in 1993 and is based in Elk Grove Village, Illinois.

Buy -

Seller(S) 3

SELLER

Wingate Partners

Dallas, Texas, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1987
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Wingate Partners is a turnaround investment firm that purchases controlling stakes in troubled manufacturing, distribution and service businesses headquartered in the US. Wingate looks to acquire under-performing companies, profitable businesses in changing or out of favor industries, and companies with incomplete management teams. Target businesses typically have revenues between $50 and $250 million. Wingate will not invest in banking, insurance, real estate, media, natural resources, and high technology. Wingate Partners was formed in 1987 and is based in Dallas, Texas.


DEAL STATS #
Overall 23 of 23
Sector: Construction M&A 2 of 2
Type: Secondary Buyout M&A Deals 11 of 11
State: Tennessee M&A 2 of 2
Country: United States M&A 23 of 23
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-17 HC Companies

Twinsburg, Ohio, United States

HC Companies is a provider of plastic plant, flower, and tree containers (horticulture containers) for the greenhouse, nursery, and retail markets under the brand names Dillen, ITML, ProCal, Listo, Akro-Mils Lawn & Garden, and Planters' Pride. HC Companies is based in Twinsburg, Ohio.

Sell -
DESCRIPTION

Capital Southwest Corp. is a credit focused business development company focused on providing financing to profitable, mid-sized companies throughout the US. The Firm doesn't have any sector preferences and will consider a variety of investment structures. Capital Southwest Corp. was originally established in 1961 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 15 of 15
Sector: Construction M&A 1 of 1
Type: Secondary Buyout M&A Deals 7 of 7
State: Tennessee M&A 1 of 1
Country: United States M&A 15 of 15
Year: 2025 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-19 Relevant

Houston, Texas, United States

Relevant is a compressed, oil-free air rental provider to end-users in refineries, petrochemicals, power generation, food and beverage, pharmaceuticals, plastics, and other industrial settings. Its fleet can address a full spectrum of pressure and flow needs for its customers, who often operate in environments in which tailored solutions for oil-free air are required. Relevant was founded in 1984 and is based in Houston, Texas.

Sell -
SELLER

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 47 of 47
Sector: Construction M&A 2 of 2
Type: Secondary Buyout M&A Deals 12 of 12
State: Tennessee M&A 2 of 2
Country: United States M&A 47 of 47
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-23 Financial Risk group

Cary, North Carolina, United States

Financial Risk group is a risk management firm providing technology-enabled advisory, implementation, and software solutions. Its offerings include software selection and implementation, data management advisory, analytics support, and cloud-based managed services powered by its proprietary risk-modeling platform. The company serves a broad range of blue-chip domestic and international financial institutions, insurance companies, and other commercial customers. Financial Risk group was founded in 2006 and is based in Cary, North Carolina.

Buy -