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HIG Capital makes growth investment in Windows USA

An affiliate of HIG Capital (HIG), a global alternative investment firm with USD44 billion of equity capital under management, has completed a recapitalisation of Windows USA (Windows USA). 

HIG is partnering with Michael Allbritton, Robert Tankersley, Ryan Guthrie, Eric Oliver and the current management team to provide additional resources to accelerate the Company’s successful growth trajectory. Terms of the transaction were not disclosed.

Headquartered in Royal, Arkansas, Windows USA is a vertically integrated home services business providing replacement vinyl windows to homeowners in the Southern US. Windows USA is one of the largest direct-to-consumer (DTC) providers of replacement windows in the US, utilising a proprietary referral-based lead generation engine and unique in-home sales model to serve consumers in over 20 states. The Company also provides its high-quality products and services to wholesale distributors and dealers through its Window Mart affiliate.

Michael Allbritton, Chief Executive Officer of Windows USA, says: “We are very excited about partnering with HIG to support Windows USA’s continued momentum. We have numerous opportunities for expansion and HIG’s depth of resources and significant experience in the home services industry will enable us to accelerate growth through continued investment in our team, capabilities, and footprint.”

Robert Tankersley, President of Window Mart, adds: “Together, we believe we can capitalise on strategic opportunities to scale the business and extend our geographic reach, while continuing to offer outstanding products and services to our customers and providing our team members with a great place to work and develop their careers.”

“We are pleased to partner with the Windows USA management team, who have done an outstanding job over the past several years building a best-in-class business and providing the highest levels of service for their customers,” says Justin Reyna, Managing Director at HIG. “The Company’s leading position in the DTC market, strong customer value proposition, and numerous growth opportunities, make this an attractive investment.”

HIG is an experienced investor in the home services industry and will leverage its sector expertise, including its investment in Empire Today – the largest DTC provider of replacement flooring in the US – to support growth initiatives at Windows USA.

Stephens Inc acted as financial advisor to the Company on the transaction.
 

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