PGT Innovations Completes Acquisition of NewSouth Window Solutions
February 3, 2020
“We are pleased to formally welcome NewSouth into our family of brands,” says Jeff Jackson, president and CEO of PGT Innovations. “With the completion of this acquisition, we believe PGT Innovations has taken an important step in enhancing our go-to-market strategy and has done so with a strong brand that leads in the direct-to-consumer channel. We look forward to implementing our geographic expansion plans for NewSouth Window Solutions and expanding the presence of PGT Innovations in areas outside of our core markets.”
“Our entire team at NewSouth is incredibly proud to be joining the PGT Innovations family,” says Earl Rahn, president and co-founder of NewSouth Window Solutions. “NewSouth Window Solutions has a history of strong growth demonstrated by nine factory showroom openings in eight years. Now, backed by the experience and industry leadership of PGT Innovations, we believe our coastal growth strategy outside of Florida can accelerate at an even more rapid pace.”
PGT Innovations signed a definitive agreement in December to acquire NewSouth Window Solutions for a purchase price of $92 million. PGTI reports the move will enable it to enter the direct-to-consumer channel and underscores its strategy to grow in geographic areas outside of its core markets.