Tower Arch Capital said Aug. 8 that it completed a recap of Panoramic Doors LLC. Financial terms of the investment were not disclosed. Panoramic Doors, of Oceanside, California, designs, makes and distributes panel folding patio door systems. Tower Arch was advised by Choate Hall & Steward LLP.
SALT LAKE CITY, Aug. 8, 2018 /PRNewswire/ — Tower Arch Capital is pleased to announce that it has recapitalized Panoramic Doors, LLC (“Panoramic”) in partnership with its management team. Panoramic is a leading designer, manufacturer, and distributer of independent panel folding patio door systems with headquarters in Oceanside, CA. Panoramic door systems are used in both residential and commercial applications.
Founder and CEO Alan Rees said, “When people see a Panoramic door, they quickly realize the value and functionality of our product. We have grown rapidly over the last few years and are excited to have Tower Arch’s support as we expand distribution and open new manufacturing facilities.”
Rhett Neuenschwander, a Partner at Tower Arch, added, “We are thrilled to partner with Alan and the Panoramic team. They have built unique and innovative products which allow customers to beautifully combine indoor and outdoor living spaces. We look forward to continuing to execute on Alan’s vision for growth and expanding consumer awareness of this exciting company.”
Tower Arch was advised by Choate Hall & Steward LLP.
About Panoramic Doors, LLC Founded in 2010, Panoramic Doors is a rapidly growing company with an innovative, patented product, that is in the early phases of a national expansion. The Company designs, manufacturers, and distributes highly unique patio door and window systems internationally. For more information, please visit www.panoramicdoors.com.
About Tower Arch Capital Headquartered in Salt Lake City, UT, Tower Arch Capital is a lower-middle market private equity fund. They focus on partnering with and growing high-quality family and entrepreneur-owned companies to deliver long-term value for their management teams and investors. Tower Arch brings operational, consulting, and financial expertise to small companies to give them the tools they need to achieve their full potential. Target investments include control positions in entrepreneur and family-owned businesses with revenue between $20 million and $150 million or EBITDA between $5 million and $25 million. For more information, please visit www.towerarch.com.
SOURCE Tower Arch Capital