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On the Record · PGT Innovations

PGT Innovations acquisitions, on the record

The businesses PGT Innovations bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Eco
Word for word“The common stock portion of the purchase consideration was represented by the issuance of 357,797 shares of PGT Innovations, Inc. common stock on February 1, 2021, with a then-current value of $21.34 per share, which we discounted by an estimate of 20% for lack of marketability, as the common stock is are legally restricted from being sold by the recipient for a three-year period from February 1, 2021.” 10-K for 2022
agreed acquisitionFebruary 1, 2021—
Anlin Windows & Doors
Word for word“The remainder of the proceeds of the new senior notes held as cash on hand, together with $60.0 million of new borrowings under our 2016 Credit Agreement due 2024, were subsequently used on October 25, 2021 for the Anlin Acquisition totaling $114.2 million.” 10-K for 2022
acquisitionOctober 25, 2021$114.2 million
NewSouth Window Solutions
Word for word“Proceeds from the First Additional Senior Notes, including premium, were used, together with cash on hand, to pay the $90.4 million purchase price in the NewSouth Acquisition.” 10-K for 2022
acquisition—$90.4 million
Western Window Systems
Word for word“On August 13, 2018, we completed the acquisition of Western Window Systems (the “WWS Acquisition”), an award-winning designer and manufacturer of premium contemporary doors and window systems with a focus on unifying indoor/outdoor living spaces.” 10-K for 2022
acquisitionAugust 13, 2018—
WinDoor
Word for word“On February 16, 2016, we completed the acquisition of WinDoor, a provider of high-performance, impact-resistant windows and doors to five-star resorts, luxury condominiums, high-rise multi-family buildings, hotels and custom high-end single-family homes.” 10-K for 2022
acquisitionFebruary 16, 2016—
CGI
Word for word“On September 22, 2014, we acquired CGI, an innovator in impact-resistant product craftsmanship, strength and style that is recognized and respected in the architect community.” 10-K for 2022
acquisitionSeptember 22, 2014—
US Impact Systems, Inc. (USI)
Word for word“On September 6, 2016, we acquired an established fabricator of impact-resistant storefront window and door products, US Impact Systems, Inc. (“USI”), and announced the formation of CGI Commercial, Inc. (“CGIC”), the brand and company through which we sell the former USI products.” 10-K for 2022
acquisitionSeptember 6, 2016—
CRi (assets of CRi SoCal, Inc.)
Word for word“and the acquisition of the assets of CRi, which was an all-cash acquisition and used $12.1 million of cash on hand.” 10-K for 2022
acquisition—$12.1 million
Martin Door Holdings, Inc. (Martin)
Word for word“On October 14, 2022, the Company completed its acquisition of Martin Door Holdings, Inc. (“Martin”) for fair value consideration of $187.8 million as disclosed in Note 5 to the consolidated financial statements.” 10-K for 2022
acquisitionOctober 14, 2022$187.8 million
Eco Enterprises, LLC (Eco), 75% controlling stake
Word for word“Our 2021 acquisition of a controlling ownership stake in ECO has provided us with more product offerings and customer relationships in the commercial market, which we believe will be a high growth market in future periods.” 10-K for 2022
acquisition2021—
Anlin
Word for word“The remainder of the proceeds of the new senior notes held as cash on hand, together with $60.0 million of new borrowings under our then existing 2016 Credit Agreement due 2024, were subsequently used on October 25, 2021 for the Anlin Acquisition totaling $114.2 million at closing.” 10-K for 2022
acquisitionOctober 25, 2021$114.2 million
NewSouth Window Solutions (NewSouth)
Word for word“With our acquisition of NewSouth Window Solutions in February 2020, our sales strategy expanded to include a focus on direct-to-consumer sales to meet the growing demand from consumers looking for a manufacturer-to-home selling experience.” 10-K for 2022
acquisitionFebruary 2020—
CRi SoCal, Inc.
Word for word“As a result of our acquisitions of NewSouth, 75% ownership stake in Eco, CRi SoCal, Inc., Anlin, and Martin, we have significantly more sales, assets and employees than we did prior to the transactions, which may require our management to devote a significant amount of time, resources and attention to the new product offerings or novel challenges, and/or away from the operations of our historical windows and doors business.” 10-K for 2022
acquisition——
Martin Door Holdings, Inc.
Word for word“Our acquisition of Martin in October 2022, has expanded our product portfolio into a new market of commercial and residential garage doors.” 10-K for 2023
acquisitionOctober 2022—
Eco Enterprises, LLC
Word for word“Net income attributable to RNCI for 2023 was $1.1 million, compared to $1.5 million for 2022, and represents the share of the net income of Eco for the periods, attributable to the 25% interest of Eco not acquired by the Company in February 2021.” 10-K for 2023
acquisitionFebruary 2021—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)
2016-12-31$101.3 million
2018-12-29$354.6 million
2021-01-02$90.4 million
2022-01-01$220.7 million
2022-12-31$188.6 million
2023-12-30$744,000

Deal filings since 2016

Read from PGT Innovations’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2022) and the financial data it files with the SEC, as of 2024-02-23. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.