DCF advises MGM Industries, Inc. in its merger with Custom Window Systems, Inc., a portfolio company of Nautic Partners, LLC
CHARLOTTE, N.C., Oct. 27, 2015 — Deloitte Corporate Finance LLC (DCF) acted as exclusive financial advisor to Hendersonville, Tennessee-based MGM Industries, Inc. (MGM) in its merger with Custom Window Systems, Inc. (Custom), a portfolio company of Nautic Partners, LLC (Nautic). MGM, a manufacturer of custom proprietary vinyl windows and doors, was founded in 1965 and engaged DCF to explore a variety of liquidity alternatives. The transaction closed on July 31, 2015.
“Deloitte Corporate Finance’s knowledge of the construction and manufacturing industries, as well as the private equity landscape, helped us find the right partner with a complementary strategy and vision. The combination of Custom and MGM brings value to our customers and opens a range of opportunities for our newly joined business,” said Abe Gaskins, president, MGM Industries, Inc.
“MGM has a strong history in the industry and is well-known for bringing innovative new products to the market. We were excited to help MGM’s leadership identify and execute on this partnership for the next stage of growth,” said Brad Winer, managing director, Deloitte Corporate Finance LLC.
About MGM Industries, Inc.
Founded in 1965 and headquartered in Hendersonville, Tennessee, MGM is an integrated manufacturer of proprietary vinyl windows and doors for residential construction markets across the Southeast, Mid-Atlantic, and Midwest US. MGM markets its comprehensive product suite of branded windows and doors to a diverse group of over 400 lumber yards, millworks distributors, building products suppliers, and window dealers. For more information, visit www.mgmindustries.com.
About Custom Window Systems, Inc.
Custom is a designer, manufacturer, and marketer of premium impact-resistant and non-impact windows, doors, and porch enclosures in Florida and across the Southeastern US. Custom was founded in 1986 and is headquartered in Ocala, FL. For more information, visit www.cws.cc.
About Nautic Partners, LLC
Founded in 1986, Nautic is a middle-market private equity firm that has managed over $3 billion of assets throughout its history. The firm focuses on three specialty areas: industrial products, outsourced services and healthcare. Nautic has completed 122 transactions in partnership with management. The firm targets equity investments of $25 to $75 million, representing majority ownership in niche businesses with strong market share and growth potential, identified value enhancement opportunities and strong management teams. For more information, please visit: www.nautic.com.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC (DCF) provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 2,400 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.
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