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GE Capital, Jefferies Provide Financing for Nautic Partner’s Acquisition

August 04, 2014, 07:20 AM
Filed Under: Manufacturing

Nautic Partners, LLC has partnered with management to acquire Custom Window Systems, Inc. Custom is a leading designer and manufacturer of impact resistant and non-impact windows, doors, and porch enclosures, serving customers in Florida and across the Southeastern U.S. Custom was founded in 1986 and is headquartered in Ocala, FL.

GE Capital, Jefferies LLC, Newstar Financial, and Triangle Capital Corporation provided financing for the transaction. Terms of the transaction were not disclosed.

Custom offers a complete line of impact resistant vinyl windows and doors. Impact resistant products are critical in Florida and other coastal regions that maintain strict building codes due to exposure to high winds, tropical storms, and hurricanes. The company also offers a full line of aluminum impact windows and doors and aluminum and vinyl non-impact products. The company’s products are known for their quality, product engineering, energy efficiency, and high performance ratings. Custom’s windows and doors are sold to building product distributors, independent dealers, builders and contractors across Florida and the Southeastern U.S.

“We believe that Custom has developed into one of the largest and most well-respected window and door manufacturers in Florida by developing high quality products and providing a consistently high level of service to its customers. Custom is ideally positioned for further growth given the attractiveness of the Florida market and the company’s leading reputation across multiple product categories,” said Doug Hill, Managing Director of Nautic. “We are very pleased to be partnering with the Custom Window management team.”

“We welcome our new relationship with Nautic, a firm that shares our vision of growth and will be a valuable partner as well,” said Greg Schorr, President and CEO of Custom Window. “We see an extraordinary opportunity in Florida and across the Southeastern U.S., and the strategic and financial resources Nautic brings will enable us to capitalize on Custom’s significant growth opportunities.”

Founded in 1986, Nautic is a middle-market private equity firm with over $2.5 billion of assets under management. The firm has completed 116 transactions in partnership with management. Nautic targets equity investments of $25-$75 million, representing majority ownership in niche businesses with strong market share and growth potential, identified value enhancement opportunities and strong management teams. Areas of focus include business services, manufacturing and healthcare.

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