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PGT Innovations Acquires Martin Door For $185M

Expands into adjacent window and door category Adds premium overhead garage doors to product portfolio Broadens geographic footprint and brand presence in high-growth Western region Adds another strong brand to PGT
byBenzinga Newsdesk
October 17, 2022
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  • Expands into adjacent window and door category
  • Adds premium overhead garage doors to product portfolio
  • Broadens geographic footprint and brand presence in high-growth Western region
  • Adds another strong brand to PGT Innovations brand portfolio
  • Creates cross-selling opportunities for existing Western Division brands and NewSouth Window Solutions
  • Strong cultural and values fit across both companies
  • Purchase price of $185 million; Sales of approximately $60 million expected in 2022
    • Expected to be immediately accretive to EBITDA margin, accretive to adjusted EPS within first year
 
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