Sarasota, Florida-based All Glass & Windows Holdings Inc., a leading supplier of impact-resistant window and door solutions, has announced a significant restructuring of its debt and equity to position itself for future expansion in the commercial, residential, and industrial markets.
The move sees Cross Rapids Capital LP, through an affiliate, complete an equity recapitalization of the company.
This strategic shift marks the departure of Prospect Partners, an investment firm that initially recapitalized All Glass in September 2016. During their eight-year tenure, Prospect Partners provided valuable guidance in bolstering the company’s infrastructure and team, contributing to All Glass’s growth into a prominent impact window platform.
“We’d like to thank Prospect Partners for their support over the past eight years, as they guided us in investing in our team and systems to help us grow substantially and develop into a leading impact window platform,” stated All Glass co-founder Christopher Harris. He continued, “We are excited to partner with Cross Rapids Capital to support our company’s next phase of growth. They will help us scale our business while continuing to serve our customers with the reliable and personal service they expect.”
Founded in 2009 by Harris and David Fleeman, All Glass has established itself as a trusted dealer and installer of impact-resistant window and door solutions throughout Florida. The company caters to general contractors, builders, and homeowners, offering a comprehensive portfolio including windows, doors, commercial storefronts, and curtainwalls. Beyond product supply, All Glass also provides valuable consultative design services and full-service project management, ensuring a complete solution for its clientele.
The partnership with Cross Rapids Capital is expected to provide the resources and expertise necessary for All Glass to further enhance its operations, expand its reach, and solidify its position as a market leader in the demanding Florida construction landscape. With a renewed focus on scalability and customer satisfaction, All Glass & Windows Holdings Inc. is well-positioned for continued success in the years to come.
Source: USGlass with additional information added by GlassBalkan