H.I.G. Capital, a global alternative investment firm with $44 billion of equity capital under management, has announced that an affiliate has completed a recapitalization of Windows USA. H.I.G. 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 growth trajectory. Terms of the transaction were not disclosed.
Headquartered in Royal, Ark., Windows USA is a vertically integrated home services business providing replacement vinyl windows to homeowners in the Southern U.S. It is a direct-to-consumer provider of replacement windows that serves consumers in more than 20 states. The company also provides its products and services to wholesale distributors and dealers through its Window Mart affiliate.
“We are very excited about partnering with H.I.G. to support Windows USA’s continued momentum,” said Michael Allbritton, CEO of Windows USA. “We have numerous opportunities for expansion and H.I.G.’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, added, “Together, we believe we can capitalize 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,” said Justin Reyna, managing director at H.I.G. “The Company’s leading position in the DTC market, strong customer value proposition, and numerous growth opportunities, make this an attractive investment.”
H.I.G. 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 U.S. – to support growth initiatives at Windows USA.
Stephens Inc. acted as financial advisor to Windows USA on the transaction.