WWS Announces Investment From PWP Growth Equity

Date: 5 August 2015

Today, Western Window Systems announced it has received an investment from PWP Growth Equity, a private equity fund affiliated with Perella Weinberg Partners that invests in leading growth-oriented, lower middle market companies.

PWP Growth Equity is partnering with Western Window Systems CEO Scott Gates and his current management team for this transaction; Jason Funk and Scott Leach, previously executives at Western Window Systems, will be retiring from the company.

Currently producing its fifth straight year of 50% sales growth, Western Window Systems was seeking a new partner to help execute plans to expand throughout North America.

CEO Scott Gates said, “PWP Growth Equity brings significant value to Western Window Systems, including their impressive track record of success with businesses in the building products and services sectors. We look forward to partnering with the PWP Growth Equity team as we continue to pursue aggressive growth opportunities and further serve our customers.”

David Ferguson, Co-Head of PWP Growth Equity, said, “Western Window Systems has a strong and differentiated competitive position and a high-caliber leadership team. We are thrilled to support Scott and the rest of the team in the realization of their strategic goals during this exciting phase of growth.”

As part of the investment, Mr. Ferguson; Chip Baird, Co-Head of PWP Growth Equity; and John McKee, Managing Director of PWP Growth Equity will join Western Window Systems’ Board of Directors.

600450 WWS Announces Investment From PWP Growth Equity glassonweb.com

See more news about:

Others also read

Articles, videos guide customers working with glass
Adrian is one of the most sought-after speakers on business, sales and customer service in Britain and has worked with huge brands such as HSBC, Airbus and John Lewis.
The Glazing Summit has stepped up a gear this week with the announcement of this year’s agenda.
The Architectural Glass and Metal Technician (AGMT) Certification Program has completed its final phase of development and is excited to announce it is now accepting applications for live testing.
Vitro Architectural Glass (formerly PPG Glass) has launched an online guide to help architects understand how their projects can earn LEED® (Leadership in Energy and Environmental Design) credits when they use products by Vitro Glass.
The North American Contractor Certification (NACC) program is pleased to announce that it will host its first industry webinar for technical discussion at 2:00PM EST on June 28th, 2017.
Wingate Partners, a Dallas, Texas based investment firm, announced today that it has partnered with CEO Tim Curran and management to acquire Binswanger Glass, headquartered in Memphis, Tennessee.
The Synseal Group has today acquired the Domestic IGU manufacturing assets of Euroview Manufacturing Limited – trading as Village Glass.
Leading international building envelope and major façade specialist the Lakesmere Group has announced a structured management buy-out (MBO) of the company by its executive management team.
The Executive Committee of The All India Glass Manufacturers' Federation (AIGMF)* met at Jaipur Marriott Hotel.   An interactive session with Honb’le Minister of Industry, Mr.
Vitrum 2015 reconfirmed its international reach and its great value to exhibitors and visitors alike, all features that continue to make it one of the leading industry events.
The Carlyle Group Enters Into Exclusive Discussions with Astorg To Acquire A Majority Stake In Saverglass, a High-End Producer Of Bottles And Carafes For The Premium Spirit, Fine Wine And Perfume Markets    Global alternative asset manager, The Carlyle Group (NASDAQ:CG) today announces it has entered into exclusive discussions with Astorg to acquire a majority controlling stake in high-end glass packaging manufacturer Saverglass, alongside the Management.Headquartered in Feuquières (Oise, France), Saverglass designs, manufactures and decorates premium glass packaging for high-end Wines and Spirits.

Add new comment

From industry