Private equity firm Riverside Co. said it has acquired a Louisville, Ky., company to add to its Sunrise Windows platform.
Terms of the purchase of Paragon Windows & Doors were not disclosed.
Paragon primarily makes residential repair and replacement doors and windows, and it sells through dealers, Riverside said in a news release. Sunrise Windows makes energy-efficient repair and replacement windows and doors and distributes them through specialty dealers.
“Paragon's composite window and the vinyl window that they just developed both slot into Sunrise Window's product offerings nicely,” said Riverside Partner Tim Gosline. “This deepens the product line and enables Sunrise to provide the ideal window for just about any customer.”
Paragon was formerly named THV (True Home Value). The company says its Compozit-brand windows are made from an expanded polymer composite, a material produced in the presence of physical/chemical blowing agents, resins and modifiers that results in foaming materials with closed cells to enhance and improve the window's impact resistance, weathering characteristics and thermal performance.
Adding the new product lines from Paragon "should boost sales opportunities across the (Sunrise) platform," Riverside said in the release. Paragon "adds new customers, and provides ample opportunity for cross-selling, particularly to customers previously limited to either window or door offerings from each respective company."
Riverside, co-headquartered in Cleveland and New York, makes control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside says, it has invested in more than 480 transactions.
