PGT Innovations has signed an agreement to acquire Anlin Industries, also known as Anlin Windows and Doors, for a purchase price of approximately $126 million. Anlin Windows and Doors manufactures vinyl doors and windows and is headquartered in Clovis, Calif. The company will operate under the Western business unit of PGT Innovations, according to an announcement today from PGT.

Anlin Windows & Doors headquarters in California.

“This transaction is an excellent opportunity to diversify and expand our market presence across the growing West Coast region,” said Jeff Jackson, president and CEO of PGT Innovations.

“Anlin Windows and Doors is 90% focused on the vinyl remodel and replacement market while the focus of Western Window Systems – our other Western business unit brand – is mainly on new home construction with aluminum products. This acquisition will allow us to better serve both markets by providing a robust product platform under one umbrella. It is also a geographically-strategic addition to complement our western growth strategy.”

Anlin Windows and Doors’ CEO John Maloney will remain at the company in an advisory role with Mark Maloney assuming the role of vice president and general manager of Anlin Windows and Doors effective as of the closing of the transaction, which is expected to occur early in the fourth quarter, officials said.

“In order for us to continue to be the best of breed company that we have become, it was apparent to our leadership team that we had to align ourselves strategically with the resources and technology that PGT Innovations can offer,” said Maloney. “To continue to lead in the market, this acquisition is a natural fit to associate ourselves with a great, national, leading-edge company in both the impact window and door market and the indoor-outdoor living market.”

Jackson said PGT looks forward to welcoming Anlin’s 460-plus team members to the PGT Innovations’ family of brands.

“One thing that stood out to our leadership team about PGT Innovations is their culture of putting people first,” added Maloney. “Primarily, the opportunities they provide for folks to promote from within and their tremendous benefits package from a human resources perspective. Their culture dovetails nicely with what we’ve done here at Anlin, and from that aspect, our philosophies are very much the same.”

Anlin generated approximately $106 million in sales during the trailing 12 months ending in July 2021, with a mid-teen adjusted EBITDA, according to today’s announcement. PGT Innovations paid approximately 8.5x pre-synergies and expects the transaction to be accretive. Additionally, PGT Innovations has committed senior-secured financing to fund the transaction, according to the release.


Leave a Reply

Your email address will not be published. Required fields are marked *