Dallas-based GW Equity sells Polar Window of Canada Ltd. to private equity firm

by PegNews wire

DALLAS — GW Equity, an advisor to privately held and family-owned businesses for mergers, acquisitions, and strategic growth initiatives, announced the sale of its client Polar Window of Canada, a Winnipeg, Canada-based full-service high-quality window and door specialist to Riverside Company, an international private equity firm headquartered in New York, N.Y. The value of the transaction was not disclosed.

Photo not provided by GW Equity

The company figured now was a good time to get out of the polar window business

Managing Directors Stephen Crisham and Lori Galloway, along with Ted Rattenberry, GW Equity’s Affiliate for Western Canada, led GW Equity’s deal team in marketing and negotiating the transaction.

With offices in Winnipeg, Manitoba as well as Edmonton and Calgary in the province of Alberta, Canada, Polar Window is a turnkey operation, manufacturing, distributing and installing high-quality and energy-efficient windows and doors in addition to offering maintenance repair services. Riverside Company, a private equity firm with more than 17 offices internationally, invests in premier companies with enterprise values of less than $150 million.

“Polar Window has a strong management team and potential for vast growth,” said Stephen Crisham, GW Equity managing director in the transaction. “Riverside recognized this and I believe is an ideally suited partner to take Polar Window to the next level.”

Bill Medd, Polar Window’s chief executive officer said, “Polar Windows is a leading Canadian door and window manufacturer. A partnership with Riverside will help us expand further into other markets.”

According to Loren Schlachet, managing partner at Riverside Company on this transaction, “Polar Window’s success and potential for significant growth accompanied by its strong management team will help us build a strong platform in the home improvements sector. With Polar Window’s existing relationships in Manitoba and Alberta, we will continue the company’s success in established markets and seek out opportunities to expand in others.”

Source: GW Equity