Republic Windows & Doors Receives Equity Financing from Chase Capital
Republic Windows & Doors, LLC announced yesterday that Chase Capital Corp., a division of JPMorgan Chase & Co., has acquired a minority interest in Republic.
"We had been searching for an investor that believed in Republic's potential for growth and valued our longstanding reputation as an innovator in the building products industry," said Barry Dubin, Republic's chief operating officer, "We found that partner in Chase Capital."
The infusion of equity capital has allowed Republic to restructure its trade debt while giving the company the additional capital it requires to:
We chose Republic as our first equity investment because it has worked very hard over the past 15 months to reduce its costs and improve its quality, timeliness and productivity, while maintaining its customer base," said Dave Schabes, co-head of Chase Capital, which began investing in mid-size businesses in January. "We are confident that the company can continue to build on this significant progress."
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