BGL Managing Director and Head of Industrials Andrew Petryk is a featured contributor in the July/August issue of Window + Door magazine with his article, “Building on Momentum.”
In line with the hot M&A market, the Window and Door industry is also active, with a busy second half of 2021 anticipated. Andrew speaks to key drivers expected to sustain strong deal flow:
- Strengthening U.S. economy and favorable end-market demand: Fundamentals remain strong with pent-up demand for new housing starts and remodeling projects providing visibility to high demand deep into 2022 for residential building products. Signs of recovery are becoming observable in commercial end markets as well.
- Healthy capital markets environment: Capital availability and low-interest rates provide the foundation for investor appetite and acquisition financing.
- Company performance: Public and private building products companies are reporting double-digit revenue growth and implementing pricing actions to combat rising input costs.
- Robust valuations: Corporate transactions serve as barometers of healthy valuations amid a highly competitive market for quality deals. Notable recent transactions include the divestitures of ENERGI Fenestration Solutions, Ltd. and the acquisitions of Cascade Windows and Prime Window Systems by Cornerstone Building Brands and Eco Window Systems by PGT Innovations.
For all of Andrew’s insights, read the article in its entirety in the July/August digital issue or on the Window + Door website here.