MITER Brands Completes Acquisition of PGT Innovations
March 28 2024 - 11:00AM
Business Wire
MITER Brands, a leading manufacturer of residential windows and
doors, is thrilled to announce the successful completion of its
acquisition of PGT Innovations, a premier manufacturer of highly
engineered and technically advanced windows and doors.
The acquisition combines two of the industry’s most innovative
and customer-focused companies as they combine under a shared
vision to build the most valued window and door brand in America.
MITER Brands, known for its operational excellence and exceptional
service, and PGT Innovations, with its impact-resistant technology
and advanced manufacturing capabilities, are now poised to
accelerate innovation, enhance product offerings, and expand market
reach.
“Our journey has always been about more than just windows and
doors; it's about reframing what is possible and creating unmatched
value for our team members, customers, supply partners, and local
communities,” said Matt DeSoto, CEO of MITER Brands. “With PGT
Innovations becoming part of our family of brands, we are excited
to work together towards our vision of building the most valued
window and door brand in America.”
The acquisition was financed in part by an equity investment
from an affiliate of Koch Equity Development LLC (“KED”), an
existing investor in MITER Brands.
For more information about MITER Brands and PGT Innovations,
please visit miterbrands.com and pgtinnovations.com.
About MITER Brands
Founded in 1947, MITER Brands is a residential window and door
manufacturer that produces a portfolio of window and door brands
for the new construction and replacement segments with an
owner-operated, family-first approach. MITER Brands is the
combination of two fast-growing regional product brands: MI Windows
and Doors and Milgard Windows and Doors, and is a nationwide
supplier of precision-built and energy-efficient products with more
than 10 manufacturing facilities throughout the United States.
MITER Brands instills confidence and drives quality customer
experiences through optimized manufacturing, valued relationships,
and dedicated team members coast to coast. For more information,
visit www.miterbrands.com.
About PGT Innovations
PGT Innovations is a national brand and innovation leader in the
fenestration and garage door industries. The company's robust
portfolio includes highly engineered and technically advanced
products that can withstand some of the toughest weather conditions
on Earth and are revolutionizing the way people live by unifying
indoor and outdoor living spaces. The PGT Innovations family
includes Triple Diamond Glass™, a wholly owned subsidiary, and
brands CGI®, PGT® Custom Windows and Doors, WinDoor®, Western
Window Systems, Anlin Windows & Doors, Eze-Breeze®, Eco Window
Systems, NewSouth Window Solutions, and Martin Door. Through its
brands, PGT Innovations is the nation’s largest manufacturer of
impact-resistant windows and doors. The company’s brands, in their
respective markets, are a preferred choice of architects, builders,
and homeowners throughout North America and the Caribbean. For more
information, visit www.pgtinnovations.com.
About KED
KED is the principal investment and acquisition arm of Koch
Industries, Inc. (“KII”), one of the largest privately held
businesses in America. Since 2012, KED has deployed more than $35
billion in equity investments and acquisitions. With as high as
$125 billion of revenue, KII is a U.S.-based business and, along
with the Koch companies, has 120,000 global employees operating in
more than 60 countries.
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Ira Gorsky miterbrands@edelmansmithfield.com 917-275-7327
miterbrands.com