DALLAS--CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm focused on making control-oriented investments in middle market companies, today announced it has completed a majority investment in Cascade Windows Inc. (“Cascade”), a leading manufacturer of windows and patio doors. Financial terms of the transaction were not disclosed.
Headquartered in Spokane, WA, Cascade has been designing, manufacturing and selling vinyl windows and sliding doors for more than 25 years. Cascade offers a wide range of customizable products with clean and innovative designs and proven durability for residential and commercial use. The company has an extensive network of dealers, builders and distributors in the western United States, including Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington and Wyoming. Cascade has expanded its geographic reach in recent years through a number of strategic acquisitions, including Paramount Windows (2014), Empire Windows (2011) and LbL Windows (2009).
“The investment marks a significant milestone for our firm as the first acquisition in this fund,” said Randall Fojtasek, Managing Partner of CenterOak. “Building Products is a subsector we know well and have invested in previously. Our investment and operations team is highly skilled in the industrial growth sector and we are pleased to have the opportunity to collaborate with the management team at Cascade Windows. Cascade has a compelling history of organic and acquisitive growth and a strong suite of products, and we believe the company is well-positioned for continued success building on this business model.”
“We are excited to partner with the CenterOak team on our next phase of growth,” said Randy Emerson, President and CEO of Cascade Windows. “The firm has an impressive track record of building value in companies, including significant experience in supporting strategic add-on acquisitions, product line extensions and operational improvements. We look forward to leveraging our new partner’s operational and industry expertise to further our position as a market leader.”
About Cascade Windows Inc.
Cascade Windows Inc. is a manufacturer of energy efficient, high quality vinyl windows and sliding doors. Since 1989, the company has worked closely with architects, builders and homeowners to design, manufacture and distribute its range of products for residential and commercial use. Cascade Windows products are available through dealers in Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington and Wyoming. Headquartered in Spokane, WA, the company has additional facilities in Salt Lake City, UT, Tempe, AZ, and Tualatin, OR. For additional information, please visit www.cascadewindows.com.
About CenterOak Partners LLC
CenterOak Partners LLC is a private equity firm with a focus on making control-oriented investments in middle market companies organized or operating in the U.S. The Firm specializes in three key industry sectors: Industrial Growth, Consumer, and Business Services. Based in Dallas, Texas, the investment and portfolio management team has a strong historical track record of creating significant value through operational improvement in middle market companies across the U.S. CenterOak and its predecessor firm have managed almost $1.8 billion of equity capital commitments and have completed more than 80 acquisitions representing approximately $3 billion in total transaction value. For additional information, please visit www.centeroakpartners.com.