Nautic Partners Acquires Custom Window Systems
August 1, 2014
Nautic Partners LLC has partnered with management to acquire Custom Window Systems Inc., headquartered in Ocala, Fla.
Custom, one of Window & Door's Top 100 Manufacturers, sells windows and doors to building product distributors, independent dealers, builders and contractors across Florida and the Southeastern United States.
“We believe that Custom has developed into one of the largest and most well-respected window and door manufacturers in Florida by developing high quality products and providing a consistently high level of service to its customers,” says Doug Hill, managing director of Nautic. “We are very pleased to be partnering with the Custom Window management team.”
“We welcome our new relationship with Nautic, a firm that shares our vision of growth and will be a valuable partner as well,” says Greg Schorr, president and CEO of Custom Window. “We see an extraordinary opportunity in Florida and across the Southeastern U.S., and the strategic and financial resources Nautic brings will enable us to capitalize on Custom’s significant growth opportunities.”
GE Capital, Jefferies LLC, Newstar Financial, and Triangle Capital Corporation provided financing for the transaction. Terms of the transaction were not disclosed.