Highlander Partners Announces Sale of Custom Window Systems
Dallas, TX – July 31, 2014 – Highlander Partners, L.P., a leading middle market private investment firm based in Dallas, Texas, announced that it has completed the sale of its portfolio company, Vidrio Holdings, Inc. and its operating subsidiary, Custom Windows Systems, Inc. (“CWS” or the “Company”), to Nautic Partners, a private equity firm based in Providence, Rhode Island.
Ocala, Florida based CWS, a Highlander investment since December 2012, is a leading designer, manufacturer and marketer of impact-resistant and non-impact windows and doors, as well as porch enclosure products. CWS offers one of the most complete lines of vinyl impact-resistant products, primarily serving Florida and other coastal markets in the Southeastern United States.
Jeff L. Hull, Highlander’s Managing Partner, stated, “Greg Schorr and his team have done a tremendous job growing CWS and taking the company to the next level. CWS has grown in revenue and profitability since the first month we made our investment. The Company’s success has been achieved through strong leadership and superior customer service. The team’s efforts have re-established CWS as a leader in the Florida window market and positioned the Company for even greater future success in the fast growing and demanding southeastern market.”
Mark Blanchat, a board member and Highlander Managing Director, added, “We want to thank all of the employees of CWS for their hard work in advancing CWS. We wish Greg and the team the very best. CWS is an exceptional company and we are proud to have been associated with it.”
BB&T Capital Markets served as the exclusive financial advisor to CWS in connection with this transaction.
About Highlander Partners
Highlander Partners, L.P. is a Dallas-based private investment firm with partners that have committed over $800 million of principal funds for direct private equity investments in North America and Central Europe. The firm focuses on making investments in middle market businesses in targeted industries in which the principals of the firm have significant operating and investing experience, including basic manufacturing, food, building materials and others. Highlander Partners uses a “buy and build” investment approach, creating value by helping companies grow organically and through acquisitions. For more information about Highlander Partners, please visit www.highlander-partners.com.
About Custom Window Systems
Custom Window Systems is the leading designer and manufacturer of windows, doors, and porch enclosure products in the southeastern United States. From its central Florida location, the Company offers one of the most complete lines of impact-resistant vinyl windows and doors in the industry. It primarily serves the repair and remodeling markets in Florida and other coastal regions that maintain strict building codes due to exposure to high winds, tropical storms, and hurricanes. In addition, CWS offers a full range of aluminum impact-resistant windows and doors, aluminum and vinyl non-impact windows and doors, and porch enclosure products. For more information about CWS, please visit www.cws.cc.