New Ownership for Cascade Windows
Altamont Capital Partners, a $500 million private equity firm, has acquired Cascade Windows as part of a restructuring with existing lenders and equity holders. Terms of the transaction were not disclosed.
“We’re excited to partner with Altamont," says Randy Emerson, CEO of the Spokane, Wash.-based vinyl window manufacturer. "Altamont’s operational focus and expertise in building middle-market companies will be invaluable to us as we look to grow the company. This transaction also significantly improves our balance sheet, allowing us the flexibility to better serve our customers.”
“Cascade is one of the top window manufacturer platforms in the Western U.S., with a long-standing reputation of providing great products to its customers," says Randall Eason, managing director for the Palo Alto, Calif.-based investment firm. "Randy and his team have done an excellent job of managing the business over the last several years in a difficult operating environment. This recapitalization will position the company to better serve its customers going forward. We are excited to support the company’s next stage of growth as the sector rebounds from an unprecedented downturn.”
With manufacturing facilities in Spokane, Wash.; Portland, Ore.; and Salt Lake City, Cascade is one of the largest producers of vinyl windows in the Western U.S. The company serves more than 1,400 customers in both the new construction and repair and remodel markets.