Western Window Systems Announces PWP Growth Equity Investment; Management Changes

Window & Door
August 3, 2015
People

Western Window Systems has received an investment from PWP Growth Equity, a private equity fund affiliated with Perella Weinberg Partners that invests in leading growth-oriented, lower middle market companies. PWP Growth Equity is partnering with Scott Gates, who was named Western Window Systems CEO in August, and current management team for this transaction; Jason Funk and Scott Leach, previously executives at Western Window Systems, will be retiring from the company.

Currently producing its fifth straight year of 50 percent sales growth, Western Window Systems was seeking a new partner to help execute plans to expand throughout North America.

“PWP Growth Equity brings significant value to Western Window Systems, including their impressive track record of success with businesses in the building products and services sectors," says Gates. "We look forward to partnering with the PWP Growth Equity team as we continue to pursue aggressive growth opportunities and further serve our customers.”

As part of the investment, Mr. Ferguson; Chip Baird, Co-Head of PWP Growth Equity; and John McKee, Managing Director of PWP Growth Equity will join Western Window Systems’ Board of Directors.

Prior to beginning his role as president and CEO in August 2015, Gates served as the company’s president and chief operating officer following assignments as vice president and general manager and marketing director. As president and CEO, Gates oversees the strategic direction of the company.

“I’m deeply humbled and incredibly excited by the opportunity to lead such an ambitious and dynamic team," says Gates. "The opportunity that lies ahead for us is enormous. I couldn’t be more honored to take this great company into the next chapter.”