MI Windows & Doors, Inc.

Status: Past
Initial Investment: January 2013
Location: Gratz, PA
Website: www.miwd.com
Investment Type: Management Buyout
Investment Industry: Building Products

Harvey & Company initiated the management buyout of MI Windows & Doors (MIWD) and made a minority investment alongside a private equity fund and in partnership with the existing management, who continues to lead and expand the business with their growth-oriented partner. MIDW is a top ten manufacturer of residential windows and patio doors, serving the repair & remodel and new construction markets with vinyl and aluminum products. Headquartered in Gratz, PA, MIWD has a strong presence in the Northeastern U.S. and is expanding in the West and South through its Arizona and Texas operations, respectively. MIWD has been growing organically with its longstanding customer base of homebuilders, distributors, and retailers, and is also expanding its repair & remodel business through the in-home dealer channel.

Harvey & Company and a private equity fund partnered with the company’s existing management team to affect a management buyout. The transaction provided liquidity to the two exiting shareholders, and the remaining shareholder/manager retains a significant equity stake and the management team has ownership. Management continues to lead and expand the business with a growth oriented partner to take the business to the next level.

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