Kolbe & Kolbe Millwork Co. Inc. has acquired Point Five Windows, Inc. of Fort Collins, Colo., a manufacturer of custom, wood windows and doors for palatial residential estates and light commercial projects. Terms of the sale were not disclosed.

“The acquisition of Point Five is a continuation of our strategy to advance our nationwide leadership position in the high-end window and door market. Kolbe continues to evolve as an organization that provides significant value to those customers who desire highly customized windows and doors,” says Mike Salsieder, Kolbe’s president.

He continues, “Point Five Windows offers expanded opportunities to collaboratively serve architects, designers, builders and owners of ultra-luxury homes and commercial projects. Simultaneously, Kolbe’s recognized brand of premium windows and doors remains a powerful force serving the high-end window and door market through a network of dealers and distributors.”

Doug Wichlacz, Point Five Windows’ vice president of operations, adds, “Both Kolbe and Point Five share a dedication to our customers, our craftsmanship and our communities. It’s a great match that will benefit all involved and served by our businesses.”

Michael Collins, an investment banker with Jordan, Knauff & Company and a DWM columnist, advised Point Five Windows in this transaction.

“This transaction confirms our belief that forward-thinking companies are still seeking to acquire attractive businesses, despite the downturn in the housing market,” says Collins. “We’re closer to the beginning of the recovery than the beginning of the decline. Companies like Kolbe & Kolbe, who are willing to make a smart bet on the future strength of this industry, will find themselves extremely well-positioned when the recovery arrives.”

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