Company News — GW Equity

« Return to List

GW Equity Announces Sale of Polar Window of Canada Ltd. to Private Equity Firm Riverside Company

Managing Directors Stephen Crisham and Lori Galloway, along with Ted Rattenberry, GW Equity's Affiliate for Western Canada, led GW Equity's deal team in marketing and negotiating the transaction.

With offices in Winnipeg, Manitoba as well as Edmonton and Calgary in the province of Alberta, Canada, Polar Window is a turnkey operation, manufacturing, distributing and installing high-quality and energy-efficient windows and doors in addition to offering maintenance repair services. Riverside Company, a private equity firm with more than 17 offices internationally, invests in premier companies with enterprise values of less than $150 million.

"Polar Window has a strong management team and potential for vast growth," said Stephen Crisham, GW Equity managing director in the transaction. "Riverside recognized this and I believe is an ideally suited partner to take Polar Window to the next level."

Bill Medd, Polar Window's chief executive officer said, "Polar Windows is a leading Canadian door and window manufacturer. A partnership with Riverside will help us expand further into other markets."

According to Loren Schlachet, managing partner at Riverside Company on this transaction, "Polar Window's success and potential for significant growth accompanied by its strong management team will help us build a strong platform in the home improvements sector. With Polar Window's existing relationships in Manitoba and Alberta, we will continue the company's success in established markets and seek out opportunities to expand in others."

About GW Equity

GW Equity, a Generational Wealth and Equity company, assists privately held and family-owned businesses in completing mergers, acquisitions, divestitures and strategic growth initiatives. GW Equity has more than 300 professional advisors and affiliates nationwide and is headquartered in Dallas, with affiliate offices in New York, Chicago and Irvine, Calif. For more information, contact GW Equity at (877) 213-1792 or info-us@gwequity.com, or visit www.gwequity.com.

About Riverside Company

The Riverside Company is a private equity firm focused on the smaller end of the middle market. Riverside specializes in investing in premier companies with enterprise values of less than $150 million, and partners with strong management teams to build companies through acquisitions and value-added growth. Since 1988, the firm has invested in 174 transactions with a total enterprise value of $3.4 billion. Riverside Company has more than 150 professionals in 17 offices worldwide. (For more information please visit www.riversidecompany.com and www.riversideeurope.com.

About Polar Window of Canada Ltd.

Since 1977, Polar Window has manufactured and installed replacement vinyl windows as well as doors in Winnipeg, Edmonton and Calgary, Canada. The windows are marketed under the Ray-O-Max Windows brand name. With a variety of industry-leading features and backed by one of the best warranties in the business, the company's products can be customized to meet every customer's window and door need. In its 30-year history, Polar experts have completed more than 45,000 installations. For more information on Polar, please visit www.rayomaxwindows.com.

Contacts
Edelman
Media Contact:
Erica Studl, 312-240-3364
Erica.Studl@Edelman.com

« View GW Equity Profile

« Return to List

Please Note: Neither CanadaIT Ventures Inc. nor Venture Management Services accept responsibility for the accuracy, timeliness or adequacy of the information shown or comments made at this site.

© 2010 CanadaIT Ventures Inc.