DALLAS, March 13, 2017 /PRNewswire/ -- Wingate Partners, a Dallas, Texas based investment firm, announced today that it has partnered with CEO Tim Curran and management to acquire Binswanger Glass, headquartered in Memphis, Tennessee. Binswanger Glass, with 64 locations in 15 states, is one of the largest U.S. providers of repair, replacement, remodeling as well as new construction and installation services for a full suite of architectural glass and aluminum products, serving commercial, residential, and automotive aftermarket customers. Wingate Partners will support the current management team as Binswanger continues to provide exceptional service to a growing customer base.
"This is an exciting time for Binswanger Glass as the investment by Wingate Partners will help accelerate our growth in new and existing markets," said Curran. "The partnership between Binswanger Glass and Wingate is a testament to the success of Binswanger's core principles of safety, attracting and retaining exceptional people, maintaining key relationships with the strongest suppliers of glass and glass-related products and, ultimately, providing our customers with unmatched service for all their glass needs."
"We are excited to partner with Tim Curran and the team at Binswanger Glass. Binswanger is a clear leader in its markets with a deep commitment to its employees, customers and vendors," said Brian Steinbrueck, Partner at Wingate Partners. "Tim and the leadership team have differentiated Binswanger by driving a strong safety culture, employing exceptionally talented people and consistently providing their customers with excellent service. We look forward to supporting them in the continued growth and success of the company."
About Binswanger Glass:
Binswanger Glass (www.binswangerglass.com) has served its customers for over 140 years, and operates from 64 locations across 15 states. Binswanger is a premier glazing services provider specializing in a wide range of glass projects, including the installation of architectural glass, replacement of glass windows and doors on commercial storefronts, auto glass repair, and residential projects involving contemporary glass showers, mirrors, windows and other functional glass products. Binswanger has the experience and versatility to serve businesses and homeowners on their most challenging glass installation, repair, remodeling, and replacement needs. With its extensive footprint and comprehensive capabilities, Binswanger is the one-stop shop many leading national companies depend on for their glass and glazing needs. Whether building new structures, repairing, replacing, or remodeling Binswanger Glass is the place for glass.
About Wingate Partners:
Since its founding in 1987, Wingate Partners (www.wingatepartners.com) has been investing in manufacturing, distribution, and service businesses across a wide variety of basic industries. Wingate makes controlling equity investments in middle-market companies that are typically between $50 million and $250 million in revenues. Wingate's philosophy is to create value by supporting management in their efforts to improve the operations of its portfolio companies. The Partners of Wingate have substantial senior-level operating experience and extensive careers in acquiring and advising companies.
Haynes and Boone, LLP served as Wingate's legal counsel in connection with the transaction.
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SOURCE Wingate Partners