Key Takeaways
- • United Window & Door Manufacturing, Inc. (UWD), a New Jersey-based vinyl window and door manufacturer, has received a "strategic growth investment" from The Sterling Group, a middle market private equity firm, according to the primary source.
- • The investment will fund expansion into new geographies, including a planned state-of-the-art manufacturing facility in Tennessee.
- • Co-founders Howard Rose and Nick Derrico will continue to lead the business following the transaction.
- • RBC Capital Markets acted as exclusive financial advisor to UWD; Latham & Watkins advised The Sterling Group.
- • UWD, founded in 1988 and serving over 2,000 points of distribution, is described as one of the largest and fastest-growing regional vinyl window and door manufacturers in North America.
Summary
United Window & Door Manufacturing, Inc. (UWD), a manufacturer of vinyl windows and doors based in New Jersey, has taken on a "strategic growth investment" from The Sterling Group, a middle market private equity firm. The investment is intended to support UWD's expansion into new geographies and further growth, including a planned state-of-the-art manufacturing facility in Tennessee. The deal's financial terms were not disclosed in the source material.
Founded in 1988 by Howard Rose and Nick Derrico, UWD serves over 2,000 points of distribution and is described by the company as one of the largest and fastest-growing regional manufacturers of vinyl windows and doors in North America. Rose and Derrico will continue to lead the business following the investment.
Kent Wallace, Partner at The Sterling Group, said the firm believes Rose and Derrico "have built an exceptional business with a history of consistent growth and tremendous upside potential." Johann Friese, Director at The Sterling Group, said the firm looks forward to supporting the scaling of UWD's manufacturing footprint, including the Tennessee plant and other geographic expansion projects.
Rose said the partnership marks the company's "next phase of growth" and will enable it to pursue strategic initiatives while maintaining operational excellence. Derrico said Sterling is the "ideal partner" to expand UWD's capabilities and geographic footprint.
RBC Capital Markets, LLC acted as exclusive financial advisor to UWD. FBT Gibbons served as legal advisor to UWD, and Latham & Watkins served as legal advisor to The Sterling Group.
Founded in 1988 by Howard Rose and Nick Derrico, UWD serves over 2,000 points of distribution and is described by the company as one of the largest and fastest-growing regional manufacturers of vinyl windows and doors in North America. Rose and Derrico will continue to lead the business following the investment.
Kent Wallace, Partner at The Sterling Group, said the firm believes Rose and Derrico "have built an exceptional business with a history of consistent growth and tremendous upside potential." Johann Friese, Director at The Sterling Group, said the firm looks forward to supporting the scaling of UWD's manufacturing footprint, including the Tennessee plant and other geographic expansion projects.
Rose said the partnership marks the company's "next phase of growth" and will enable it to pursue strategic initiatives while maintaining operational excellence. Derrico said Sterling is the "ideal partner" to expand UWD's capabilities and geographic footprint.
RBC Capital Markets, LLC acted as exclusive financial advisor to UWD. FBT Gibbons served as legal advisor to UWD, and Latham & Watkins served as legal advisor to The Sterling Group.
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