PGT Innovations (PGTI) Acquires Martin Door
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PGT Innovations Acquires Martin Door; Expands Into Garage Door Market
October 17, 2022 2:00 PM EDTExpands into adjacent window and door category Adds premium overhead garage doors to product portfolio Broadens geographic footprint and brand presence in high-growth Western region Adds another strong brand to PGT Innovations brand portfolio Creates cross-selling opportunities for existing Western Division brands and NewSouth Window Solutions Strong cultural and values fit across both companies Purchase price of $185 million; Sales of approximately $60 million expected in 2022 Expected to be immediately accretive to EBITDA margin, accretive to adjusted EPS within first year
VENICE, Fla.--(BUSINESS... More
