Bay Area company buys Cascade Windows
Investment group says deal aimed at helping Liberty Lake manufacturer grow
A San Francisco investment group has acquired Spokane Valley-based Cascade Windows, one of Spokane’s best-known manufacturing companies.
Altamont Capital Partners, a private equity firm company with $500 million invested in several private firms across the country, did not disclose the purchase terms.
A press statement said the deal included restructuring of debt and equity among Cascade Windows investors.
The statement added the deal is meant to help Cascade pursue growth opportunities.
Cascade is one of the largest producers of vinyl windows and patio doors in the Western states. It also has production plants in Salt Lake City and Tualatin, Ore.
In 2011 the company employed about 400 workers.
It was founded in 1989 in Liberty Lake.
“We’re excited to partner with Altamont, (whose) operational focus and expertise in building middle-market companies will be invaluable to us as we look to grow the company,” said Cascade CEO Randy Emerson in the press release.
Altamont Capital Partners only closed its initial round of investment in early 2011.
Its portfolio of companies includes Robert Allen Group, a New York City-based designer of decorative fabrics and furnishings.
An Altamont Partners statement online said the firm’s investment strategy is long-term. “We are particularly drawn to companies that are constrained from realizing their full potential, and we have significant experience working with management teams to build success stories across a range of industries and transaction types,” the summary noted.