Prospect Partners has made an undisclosed investment in All Glass & Windows. Based in Sarasota, Florida, All Glass & Windows is a provider of impact-resistant glass and glass-related products for general contractors and builders.
Chicago, Ill.— September 21, 2016: Prospect Partners, a leading private equity firm investing in smaller lower-middle-market companies, today announced its investment in All Glass & Windows, Inc. and Direct Window & Door Supply, Inc. (together, “All Glass & Windows”), of Sarasota, Florida.
All Glass & Windows installs and distributes impact-resistant glass and glass-related products for general contractors and builders serving residential, commercial and retail customers across Florida. Many of the company’s products, which include windows, doors, and commercial storefront and curtain walls, are made with glass that can withstand hurricane-force wind speeds of up to 180 mph. All Glass & Windows offers comprehensive, full-service project management for new construction, in addition to the renovation and replacement market. The company is led by David Fleeman, President, and Chris Harris, CEO.
“All Glass & Windows is fast-growing, with an exceptional reputation for product quality, execution and customer service,” said Prospect Partners Founding Principal Rick Tuttle. “We are thrilled to support David and Chris, two proven operators in the niche glass and glazing market with strong relationships and deep industry knowledge, as they continue to build their business and deliver superior service and innovative solutions to their customers.”
Said Harris: “At this exciting juncture for All Glass & Windows, it was time to bring in an investor-partner.
In addition to helpful financial resources, Prospect Partners offers a comfortable cultural fit and a shared business philosophy. All are important to our team, which is committed to building upon our successful track record.”
“With the investment and support of Prospect Partners,” added Fleeman, “we will be able to accelerate our growth while maintaining the high level of service that our customers expect and that has led to our success to date.”
Going forward, All Glass & Windows plans to expand its service offering and enter adjacent geographic markets. Toward that end, the company actively seeks to acquire providers of glass installation and/or distribution services in Florida and other southeastern states.
All Glass & Windows becomes Prospect Partners’ 48th portfolio company overall, and the 12th in its current fund, Prospect Partners III, L.P.
Serving on the board of the holding company, All Glass & Windows Holdings, Inc., from Prospect Partners are Rick Tuttle, as Chairman, and Vice President Mike McInerney, as a Director.
About Prospect Partners
Prospect Partners is a leading private equity firm investing in smaller lower-middle-market companies, managing $470 million across three funds. A highly experienced and active investor, Prospect Partners focuses exclusively on management-led leveraged recapitalizations and acquisitions of niche market leaders with revenues typically under $75 million. Since 1998, Prospect Partners has completed nearly 140 transactions nationwide in the building of 48 platform companies in widely diverse niche manufacturing, distribution, and specialty service markets.