ThermoView Completes Chapter 11 with Buyout
ThermoView Industries Inc.’s CEO Larry Smith has led a management buyout of the company and its subsidiaries from the private equity firm that purchased it while it was reorganizing under Chapter 11. Blackstreet Capital Management (formerly Milestone Capital Management), a Washington, DC, firm, had purchased the company in 2005.
“We are pleased to conclude the sale of ThermoView,” says Murry Guntry, managing partner of the firm. “As a result of the efforts of the management team, this concludes a very successful investment for our fund. We are confident that under Larry’s guidance ThermoView will continue to grow stronger.”
Louisville, KY-based ThermoView manufactures and installs vinyl and composite replacement windows and doors as part of an array of full-service home improvement offerings. The company markets products under the Thomas, Primax, Leingang, ThermoView and True Home Value brands.
The company is listed as a Window & Door Top 100 company, under its THV brand, in the $50 million-to-$75 million category.