July 3, 2022

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PGT Improvements to amass Anlin Home windows & Doorways

Exterior of Anlin Home windows & Doorways headquarters in California

NORTH VENICE, Fla. – PGT Improvements (NYSE: PGTI), a nationwide chief in premium home windows and doorways, together with impact-resistant merchandise and merchandise designed to unify indoor/outside areas, introduced right this moment it has signed an settlement to amass Anlin Industries, often known as Anlin Home windows & Doorways, for a purchase order worth of roughly $126 million. Anlin Home windows & Doorways is headquartered in Clovis, CA and is acknowledged by sellers and prospects as a prime western area model within the vinyl substitute home windows and doorways market. Anlin Home windows & Doorways has additionally been ranked as a Prime 100 Producer by Window & Door Journal for over 20 years and a 5-star consumer-rated substitute vinyl window producer.

“This transaction is a wonderful alternative to diversify and broaden our market presence throughout the rising West Coast area,” stated Jeff Jackson, President and CEO of PGT Improvements. “Anlin Home windows & Doorways is 90 p.c targeted on the vinyl rework and substitute market whereas the main target of Western Window Programs – our different Western Enterprise Unit model – is especially on new house building with aluminum merchandise. This acquisition will enable us to raised serve each markets by offering a sturdy product platform below one umbrella. Additionally it is a geographically-strategic addition to enrich our western progress technique.”

Anlin Home windows & Doorways will function below the Western Enterprise Unit of PGT Improvements. Anlin Home windows & Doorways’ CEO John Maloney will stay on the firm in an advisory function with Mark Maloney assuming the function of Vice President and Basic Supervisor of Anlin Home windows & Doorways efficient as of the closing of the transaction, which is predicted to happen in early This fall.

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“To ensure that us to proceed to be the perfect of breed firm that we’ve turn into, it was obvious to our management staff that we needed to align ourselves strategically with the sources and know-how that PGT Improvements can provide,” stated John Maloney, CEO of Anlin Home windows & Doorways. “To proceed to guide available in the market, this acquisition is a pure match to affiliate ourselves with an incredible, nationwide, vanguard firm in each the affect window and door market and the indoor-outdoor residing market.”

“This can be a great alternative for groups at each corporations with a protracted lifespan for nice progress potential,” stated Jeff Jackson. “I’m very excited to welcome Anlin’s 460-plus staff members to our PGT Improvements’ household of manufacturers.”

“One factor that stood out to our management staff about PGT Improvements is their tradition of placing folks first. Primarily, the alternatives they supply for folk to advertise from inside and their great advantages package deal from a human sources perspective. Their tradition dovetails properly with what we’ve achieved right here at Anlin, and from that side, our philosophies are very a lot the identical,” stated John Maloney.

Anlin generated roughly $106 million in gross sales through the trailing twelve months ending in July 2021, with a mid-teen adjusted EBITDA. PGT Improvements paid roughly 8.5x pre-synergies and expects the transaction to be accretive. Moreover, PGT Improvements has dedicated senior secured financing to fund the transaction.

Advisors
Davis Polk & Wardwell LLP is serving as authorized counsel and Truist Financial institution is serving as monetary advisors for PGT Improvements. Sullivan McGregor & Doer LLP is serving as authorized counsel and Wooden Warren is serving as monetary advisor for Anlin Home windows & Doorways.

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About PGT Improvements, Inc.
PGT Improvements manufactures and provides premium home windows and doorways. Its extremely engineered and technically superior merchandise can stand up to a number of the hardest climate circumstances on earth and are revolutionizing the best way folks dwell by unifying indoor and outside residing areas. Headquartered in Venice, Fla., PGT Improvements’ nationwide footprint contains 15 amenities and a multichannel distribution / vendor platform with greater than 5,000 staff.

PGT Improvements creates worth by deep buyer relationships, understanding the unspoken wants of the markets it serves, and a drive to develop category-defining merchandise. PGT Improvements can also be the nation’s largest producer of impact-resistant home windows and doorways and holds the management place in its main market. The PGT Improvements’ household of manufacturers embrace CGI®, PGT® Customized Home windows and Doorways, WinDoor®, Western Window Programs, Eze-Breeze®, CGI Industrial, NewSouth Window Options and a 75 p.c possession stake in Eco Window Programs. The corporate’s manufacturers, of their respective markets, are a most well-liked selection of architects, builders, and owners all through North America and the Caribbean. Their high-quality merchandise can be found in customized and commonplace sizes with large dimensions that enable for limitless design prospects in residential, multi-family, and industrial tasks. For added info, go to www.pgtinnovations.com.

About Western Window Programs
Western Window Programs, a part of PGT Improvements’ household of manufacturers, designs and manufactures shifting glass partitions and home windows that convey indoor and outside areas collectively. Impressed by up to date residing, our high-quality merchandise can be found in customized sizes, standardized units, and big dimensions for limitless design prospects in residential, multi-family, and industrial tasks. From superior craftsmanship and timeless design to distinctive customer support, Western Window Programs is a most well-liked selection of architects, builders, and owners all through North America. For added info, go to www.westernwindowsystems.com.

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About Anlin Home windows and Doorways
Anlin Home windows and Doorways is a California-based prime model for vinyl home windows and doorways within the rework and substitute market. Anlin Home windows and Doorways produces energy-efficient home windows and doorways with vanguard, vitality saving know-how, excellent noise discount, with distinctive high quality, design and sweetness. The enterprise gives shopper pushed specialty merchandise equivalent to hinged patio doorways with versatile choices like in glass pet doorways. Anlin’s dedication to high quality, options, advantages and repair has allowed the corporate to stay a frontrunner within the vinyl window and door market. For extra info, go to www.anlin.com.

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PGT Improvements Contacts
Investor Relations
Brad West
Interim Chief Monetary Officer and SVP, Company Growth and Treasurer
[email protected]
941-480-1600

Media Relations
Stephanie Cz, Company Communications and PR Supervisor
[email protected]
941-480-1600