Environmental StoneWorks

BB&T Capital Markets Serves as Exclusive Financial Advisor to Environmental StoneWorks in its Acquisition by NCI Building Systems

Transaction summary

On February 20, 2019, Environmental StoneWorks (“ESW” or the “Company”), a portfolio company of Gallagher Industries and Mid Oaks Investments, was acquired by NCI Building Systems (“NCI”). NCI (NYSE: NCS) is a publically traded, $5 billion-revenue building products manufacturer; in fiscal 2018, ESW generated $167 million in pro forma revenues. NCI acquired ESW for $186 million. ESW’s management team will remain with the Company. BB&T Capital Markets served as the exclusive financial advisor to ESW.

About the companies

Environmental StoneWorks

Environmental StoneWorks is the only national manufacturer and installer of stone veneer for the residential and commercial markets. The company offers a broad range of products suitable for local preferences along with installation services to ensure a complete turnkey solution. Environmental StoneWorks has five manufacturing facilities, twenty-one installation centers and approximately 660 employees in the United States.

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Gallagher Industries

Gallagher Industries is a family-held investment firm whose mission is to maximize the long-term value of targeted private equity partnerships.

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Mid Oaks Investments

Mid Oaks Investments is a private investment firm that invests its own capital in middle market companies that possess a substantial opportunity for value creation.

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NCI Building Systems / Ply Gem

NCI, headquartered in Cary, NC, is the leading exterior building products manufacturer with a broad range of products sold to residential and commercial customers for both new construction and repair & remodel. With a portfolio of key products which includes windows, doors, siding, metal wall and roof systems, engineered commercial buildings, insulated metal panels, stone and other adjacent products, the Company has more than 20,000 employees across 80 manufacturing, distribution and office locations throughout North America.

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Commercial & Industrial

Our team is continuously focused on superior execution, process management, and creativity.

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