Firm completes recapitalization of leading window manufacturer in the Western U.S.
Spokane, WA, December 17, 2012 — Cascade Windows, a leading Western U.S. window manufacturer, announced that Altamont Capital Partners, a $500 million private equity firm, acquired the company as part of a restructuring with existing lenders and equity holders. Altamont’s ownership will enable Cascade to enhance its leadership position and provide resources to pursue growth opportunities in the market.
“We’re excited to partner with Altamont. 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,” said Randy Emerson, CEO of Cascade.
With manufacturing facilities in Spokane, WA, Portland, OR, and Salt Lake City, UT, Cascade is one of the largest producers of vinyl windows in the Western U.S. The company serves both new construction and repair & remodel markets with high-quality products, exceptional service and affordable pricing.
Commenting on the transaction, Randall Eason, Managing Director of Altamont said: “Cascade is one of the top window manufacturer platforms in the Western U.S., with a longstanding reputation of providing great products to its customers. 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.”
Terms of the transaction were not disclosed. Duff & Phelps served as Cascade’s financial advisor on the transaction.
ABOUT CASCADE WINDOWS
Cascade Windows is headquartered in Spokane, WA and serves over 1400 partner customers across the Western US and Canada. Cascade manufactures a complete line of custom vinyl windows and patio doors for virtually any application. Energy efficiency and value are the cornerstones of Cascade’s offering. Whether building a high-end custom home or replacing windows in a 1920’s bungalow, Cascade is the window of choice for contractors and homeowners.
ABOUT ALTAMONT CAPITAL PARTNERS
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with approximately $500 million of capital under management. Altamont is focused on investing in middle-market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, consumer/retail, industrials, healthcare and business services.