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February 7, 2023

Andrew K. Petryk Authors “State of the Market” for Window + Door Magazine

Andrew K. Petryk, Head of BGL’s Industrials Group, is a featured contributor in the latest issue of Window + Door Magazine  ̶   a publication of the National Glass Association (NGA), with a piece entitled, “State of the Market.”

The article discusses how the window and door industry continued to see healthy deal flow in 2022, pointing to positive sentiment in underlying long-term market fundamentals. While the repair and remodeling market is seeing slowing expansion, growth will remain positive through much of 2023.

Valuation multiples have contracted given the recent volatility in the public equity markets. The BGL Window and Door composite has seen the median EBITDA decline from 10.5x in Q4 2021 to 6.8x in Q3 2022. Notwithstanding these obstacles, public industry players are reporting strong performance and a favorable demand outlook with positive trends in new orders and backlog. Labor and supply chain present near-term headwinds.

For all of Andrew’s insights about the trends in the window and door industry, read the complete article on the Window + Door Magazine website.