PGT Innovations completed the acquisition of NewSouth Window Solutions for $92m.

PGT Innovations, which manufactures and supplies premium windows and doors, completed the acquisition of NewSouth Window Solutions, a manufacturer and installer of factory-direct, energy-efficient windows and doors, for $92m. “This transaction is expected to support our diversification into growing segments in the window and door industry, by enabling us to enter the direct-to-consumer channel, where NewSouth is a market leader in Florida. NewSouth’s direct-to-consumer model is supported by its showrooms and in-home sales. With the addition of NewSouth, we expect to continue our strategy to grow in geographic areas outside of our core markets, with showroom openings planned for northern Florida and coastal states in the South. The acquisition is expected to provide PGT Innovations with the opportunity to serve a broader residential market segment, primarily driven by replacement projects, and relatively smaller order sizes that PGT Innovations’ strong dealer network typically does not target or serve,” Jeff Jackson, PGT Innovations President and CEO.