PGT Innovations Inc., a publicly traded window and door maker based in Venice, Fla., is acquiring manufacturing operations in California.
PGT is paying $126 million for Anlin Windows & Doors of Clovis, Calif., in a move that beefs up the company's western operations.
"This transaction is an excellent opportunity to diversify and expand our market presence across the growing West Coast region," CEO Jeff Jackson of PGT Innovations said in a statement.
"Anlin Windows & Doors is 90 percent focused on the vinyl remodel and replacement market while the focus of Western Window Systems — our other Western business unit brand — is mainly on new home construction with aluminum products," he explained.
Western Window Systems is based in Phoenix.
"This acquisition will allow us to better serve both markets by providing a robust product platform under one umbrella. It is also a geographically-strategic addition to complement our western growth strategy," Jackson said.
Anlin has about $106 million in annual sales with "a mid-teen adjusted EBITDA," said PGT, which paid approximately 8.5 times earnings for the company.