CapitalWorks Private Equity Firm Cleveland Ohio

CapitalWorks Acquires Paradigm Window Solutions, Fourth Portfolio Addition in 12 Months

Paradigm Window SolutionsCLEVELAND, OHIO – Cleveland private equity firm CapitalWorks has acquired Paradigm Window Solutions, a leading manufacturer of premium quality custom vinyl windows in the Northeast. Terms of the deal, the fourth for CapitalWorks in the last 12 months, were not disclosed.

Key to the acquisition is the continuing participation of former Simonton Building Products President and COO John Brunett as chairman of Paradigm and Andy Sevier as president. Brunett helped build Simonton from a regional to a national leader in vinyl windows and has been with Paradigm since 2010. Sevier has been with the company for nearly three decades.

“We are excited to partner with the Paradigm team to continue to expand their market presence,” said CapitalWorks Managing Partner and CEO Dick Hollington. “The delivered and installed quality of their premium vinyl windows and doors along with their warranty and support programs are unmatched in the industry.”

Based in Portland, Maine, Paradigm markets through qualified distributors and contractors throughout the Northeast, Mid-Atlantic and Midwest. The company backs units for life with coverage for any labor costs for the first five years, one of the strongest warranties in the industry.

“CapitalWorks will provide us with more than the capital to help us to accelerate our growth,” said Sevier. “Their in-house expertise and the industry knowledge and contacts of their network of advisors will boost our ability to achieve the next level of performance.”

CapitalWorks is the lead equity and controlling investor for the acquisition. The firm typically involves its investors with relevant industry knowledgeable and experience to participate in finding, vetting and guiding portfolio companies.

Ironwood Capital of Connecticut is providing subordinated debt and minority common equity while Texas Capital Bank is senior lender for the Paradigm acquisition.

Paradigm specializes in premium-quality custom vinyl windows and patio doors for new construction, replacement and institutional projects. In 2014, the company consolidated all fabrication operations in its 109,000 square foot Portland facility.

“Management at Paradigm Window Solutions has done a terrific job building exceptional products of lasting value and promoting a customer-centric culture,” said Brunett. “The culture and work ethic of their associates should continue to produce long-term growth and profitability for Paradigm Window Solutions and CapitalWorks.”

About Paradigm

Based in Portland, Maine, Paradigm Window Solutions (paradigmwindows.com) specializes in premium-quality and Energy Star-rated vinyl windows and patio doors for new construction, replacement and institutional markets. Their premium-quality products, designed and fabricated in Maine to perform in the Northeast’s challenging climate, focus on beauty, strength and performance. Paradigm offers options and features to fit your taste and lifestyle including custom sizes, exterior trim accessories, a variety of colors, high-quality construction, energy efficiency and a limited lifetime warranty which includes five years of labor.

About CapitalWorks

CapitalWorks LLC (capitalworks.net) is a Midwestern and family-focused private equity firm that encourages knowledgeable investors to partner with it in finding, vetting and owning companies. Based in Cleveland, Ohio, CapitalWorks acquires lower middle-market companies in niche manufacturing, value-added distribution and business services and gives them the capital, support and freedom to grow. Recent acquisitions include Bancsource, Inc., Avtron Aerospace and Capewell Aerial Systems. Founded in 1999, the firm’s investors are primarily successful entrepreneurs and executives who contribute to the evaluation and investment process.

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