This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Highlander Partners Acquires Florida-based Window And Door Manufacturer

DALLAS, Dec. 11, 2012 /PRNewswire/ -- Highlander Partners, L.P., a Dallas-based private investment firm, today announced the acquisition of Custom Window Systems, Inc. dba Custom Windows & Doors ("CWS" or the "Company").  Founded in 1986, CWS is a leading designer, manufacturer, and marketer of impact-resistant and non-impact windows and doors, as well as porch enclosure products, primarily serving Florida and other coastal markets in the Southeastern United States.  CWS offers the most complete vinyl impact-resistant product line in the southeast.

CWS will continue to operate under its existing name and operating structure.  Greg Schorr, a Senior Advisor for Highlander, will join CWS as the President and Chief Executive Officer.  Mr. Schorr was formerly the President and COO of the parent company of Simonton Windows.  John Cwik, the Company's founder, President and CEO, will continue to work with CWS in a consulting and advisory role.  In 2006, Mr. Cwik successfully refocused the business on impact-resistant vinyl windows and doors and relocated to a new 250,000 square foot facility in Ocala, where it currently employs approximately 290 people.

Mr. Schorr commented, "I think this is the perfect time to reenter the window and door industry and I am glad to do it in partnership with Highlander.  We see a huge opportunity to capitalize on a rebounding housing market with one of the nation's leading independent designers and manufacturers of windows and doors."

Jeff L. Hull, Highlander's Managing Partner and the new Chairman of CWS, stated, "We are very excited about the opportunity to draw on our collective backgrounds in the window and door industry and leverage our expertise in working with CWS.  John and his team did a great job of managing the business through the downturn, and John's forward-looking decision to refocus his operations from aluminum to vinyl windows and doors in 2006 positions the company to capitalize on a long-term market transition to vinyl, which has been driven by energy code changes."  Mr. Hull is the former Chairman, President, and Chief Executive Officer of Atrium Companies Inc., one of the largest window and door manufacturers in the United States.  Hull added, "We see a rebounding housing market and believe additional acquisition opportunities exist that could further a national window company strategy."

Raymond James served as the exclusive financial advisor to CWS in connection with this transaction.  Regions Bank provided senior financing facilities in the transaction.

About Highlander Partners

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%
TSLA $232.32 -3.92%
YHOO $36.01 -1.42%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs