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PGT Innovations

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Namestring
PGT Innovations
Legal namestring
PGT Innovations Inc.
Company typeenum
Public
Founded yearint
1980
Descriptiontext

PGT Innovations is a Florida-based national manufacturer and supplier of premium windows and doors, founded in 1980 and headquartered in Nokomis/Venice, Florida. The company pioneered impact-resistant window and door technology designed to withstand hurricane-force winds and debris, serving residential replacement and new construction markets concentrated in hurricane-prone coastal regions of the southeastern United States. Following a multi-decade roll-up acquisition strategy, PGT's portfolio now spans premium impact-resistant lines (PGT, CGI), mid-range vinyl products (Anlin), commercial architectural systems (Windoor), and modern architectural openings (Western Architectural Openings, formerly Western Window Systems). The most recent product launches include the Triton Advanced Glass Systems line (2026), the Series 8600 Multi-Slide Door (2025), and the Series 8630 Window Wall (2025), the latter of which received an Architizer A+ Top Five Product award.

The company generates revenue through the manufacture and sale of custom-ordered windows and doors, distributed via professional dealer and distributor networks rather than direct-to-consumer. Pricing is quote-based and determined by specifications, size, materials, and installation requirements. Customer segments include the residential replacement market, the new construction market (residential and commercial), and the dealer/distributor network. Among named customer relationships, PGT Windows and Doors partnered with Habitat for Humanity Tampa Bay Gulfside for product donation and volunteer initiatives. Geography has historically been concentrated in the southeastern U.S., though the MITER Brands combination extends operations across ten states.

In 2026, PGT Innovations is being acquired by MITER Brands in an all-cash transaction, operating as part of a portfolio of window and door brands (PGT, CGI, Windoor, Western Architectural Openings, Anlin, MI Windows and Doors). MITER Brands reports 8,000+ employees, 5,000+ customers served annually, and $15M invested in community causes (as of February 2026). The company remains led by co-founder and CEO Rodney Hershberger, with a divisional president structure covering the Southeast, Western operations, and overall operations.

Short descriptiontext

PGT Innovations is a Florida-based manufacturer of premium impact-resistant windows and doors, serving residential and commercial builders through dealer networks across the southeastern United States. Now part of MITER Brands, it operates a multi-brand portfolio including PGT, CGI, Western Architectural Openings, Anlin, and MI Windows and Doors.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersNokomis, United States
HQ citystring
Nokomis
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
impact-resistant windows, hurricane windows and doors, architectural window systems, vinyl window manufacturing, storm protection fenestration
Industry2 codes
1Windows
CodeIMADAIACPrimaryYes
2Custom Window & Door Fabrication & Replacement
CodeHSAPAJAIPrimaryNo
NAICS code1 code
  • Metal Window and Door Manufacturing332321
SIC code1 code
  • Metal Doors, Sash, Frames, Moldings & Trim3442
Product category
Windows and Doors Manufacturing
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Window and Door Manufacturing and Sales
TypeHardware Sales
Description

PGT Innovations generates revenue through the manufacture and sale of windows and doors, primarily serving the residential replacement and new construction markets in the southeastern United States. Products are sold through dealer and distributor networks.

ad-hoc-news.de
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 5 records shown
1PGT Windows and Doors
Description

Window and door products under the PGT brand

pgtinnovations.com
+4 more records
Core offering1 text field

PGT Innovations manufactures and supplies premium windows and doors, with a focus on impact-resistant hurricane/storm-protection fenestration for residential and commercial construction. Products are sold through professional dealer and distributor networks and span a multi-brand portfolio (PGT, CGI, Windoor, Western Architectural Openings, Anlin, MI Windows and Doors). The company also offers commercial architectural openings and specialty product lines such as Triton Advanced Glass Systems and the Western Architectural Openings Series 8600/8630 series.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Serves 5,000+ customers annually through MITER Brands portfolio
Product overview1 text field

PGT Innovations, now part of MITER Brands, operates as a family of leading window and door brands united by quality standards. The company offers a diversified portfolio of window and door products across multiple sub-brands including PGT Windows and Doors (impact-resistant products), CGI Windows (premium impact-resistant and energy-efficient windows), Windoor (commercial architectural products), Western Architectural Openings (formerly Western Window Systems, modern architectural systems), Anlin Windows & Doors (residential products, acquired in 2021), and MI Windows and Doors. The portfolio also includes specialty products like the Triton Advanced Glass Systems product line and Series 8630/8600 architectural products. The company serves residential, commercial, and architectural construction markets across the United States.

Product and service9 records
1PGT Windows and Doors
CategorySub-brand / Impact-resistant windows and doors
Description

Impact-resistant windows and doors designed for residential and commercial applications, focused on hurricane and storm protection; the flagship brand of PGT Innovations.

2CGI Windows and Doors
CategorySub-brand / Impact-resistant premium windows and doors
Description

Premium window and door products offering impact-resistant and energy-efficient solutions for residential and commercial construction.

3Windoor
CategorySub-brand / Commercial architectural windows and doors
Description

Commercial and architectural window and door products serving the commercial construction market segment.

4Western Architectural Openings (formerly Western Window Systems)
CategorySub-brand / Architectural window and door systems
Description

Architectural window and door systems for residential and commercial applications, known for modern designs and high performance, including the Series 8630 Window Wall and Series 8600 Multi-Slide Door.

5Anlin Windows & Doors
CategoryAcquired brand / Residential vinyl windows and doors
Description

Window and door products acquired by PGT Innovations in 2021 for $126 million, serving residential construction markets with vinyl window solutions.

6MI Windows and Doors
CategorySub-brand / Residential windows and doors
Description

Part of the MITER Brands portfolio, offering windows and doors for residential construction.

7Triton Advanced Glass Systems
CategoryProduct line / Advanced glass systems
Description

Advanced glass systems product line unveiled in 2026, featuring enhanced performance characteristics for windows and doors.

8Series 8630 Window Wall
CategoryProduct / Architectural window wall
Description

Architectural window wall product part of Western Architectural Openings, voted a Top Five Product in Architizer Magazine's A+ Product Awards.

9Series 8600 Multi-Slide Door
CategoryProduct / Architectural multi-slide door
Description

High-performance multi-slide door for architectural applications, part of the Western Architectural Openings product line.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-02-09
Description

PGT Innovations has been acquired by MITER Brands in an all-cash transaction. As of early 2026, the acquisition is progressing through remaining regulatory and shareholder approvals. PGT Innovations is now part of the MITER Brands family of window and door companies, which includes PGT Windows and Doors, CGI Windows and Doors, Western Window Systems, Anlin, and MI Windows and Doors.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Largest window and door manufacturer in North America with a broad product portfolio spanning replacement and new construction. Comparable to PGT in core window/door manufacturing but operates at significantly greater national scale across multiple material types and price tiers.

TypeBroad incumbent
Description

Major privately-held window and door manufacturer with strong replacement and new construction presence. Directly comparable to PGT in window manufacturing and dealer-network distribution model, with broader geographic reach and a wider product portfolio including wood, vinyl, and fiberglass lines.

TypeBroad incumbent
Description

Global manufacturer of windows, doors, and building products with significant North American presence. Comparable to PGT as a large-scale window and door manufacturer serving both residential replacement and new construction through dealer and distributor channels.

TypeDirect peer
Description

Premium wood, fiberglass, and composite window and door manufacturer serving residential and commercial markets. Comparable to PGT's CGI and Western Architectural Openings premium segments, particularly in architectural and high-end replacement applications.

TypeDirect peer
Description

Vinyl window and patio door manufacturer focused on the residential replacement and new construction markets. Comparable to PGT's Anlin and MI sub-brands in the vinyl replacement window category with overlapping dealer and home-center distribution.

TypeDirect peer
Description

Vinyl and fiberglass window and patio door manufacturer serving Western US markets. Directly comparable to PGT's Western Architectural Openings sub-brand with overlapping geographic and product positioning in the western US replacement and new construction markets.

TypeDirect peer
Description

Premium wood, vinyl, and aluminum-clad window and door manufacturer serving residential and commercial markets. Comparable to PGT's CGI and Western Architectural Openings premium product lines, particularly in custom and architectural applications.

TypeDirect peer
Description

Vinyl and aluminum window and door manufacturer serving the residential replacement and new construction markets. Comparable to PGT's vinyl window product lines (Anlin, MI) with similar dealer-distribution model and replacement-market focus.

TypeDirect peer
Description

Wood, vinyl, and fiberglass window and door manufacturer serving residential and commercial replacement and new construction. Comparable to PGT across multiple product categories and price tiers with similar dealer-network distribution.

TypeRegional player
Description

Northeast US-focused window and door manufacturer serving residential replacement and new construction. Comparable to PGT as a regional window manufacturer, but with primary geographic focus in the Northeast rather than the Southeast hurricane market.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles6 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

PGT Innovations

Windows and Doors Manufacturingpgtinnovations.com

PGT Innovations is a Florida-based manufacturer of premium impact-resistant windows and doors, serving residential and commercial builders through dealer networks across the southeastern United States. Now part of MITER Brands, it operates a multi-brand portfolio including PGT, CGI, Western Architectural Openings, Anlin, and MI Windows and Doors.

What PGT Innovations does

PGT Innovations is a Florida-based national manufacturer and supplier of premium windows and doors, founded in 1980 and headquartered in Nokomis/Venice, Florida. The company pioneered impact-resistant window and door technology designed to withstand hurricane-force winds and debris, serving residential replacement and new construction markets concentrated in hurricane-prone coastal regions of the southeastern United States. Following a multi-decade roll-up acquisition strategy, PGT's portfolio now spans premium impact-resistant lines (PGT, CGI), mid-range vinyl products (Anlin), commercial architectural systems (Windoor), and modern architectural openings (Western Architectural Openings, formerly Western Window Systems). The most recent product launches include the Triton Advanced Glass Systems line (2026), the Series 8600 Multi-Slide Door (2025), and the Series 8630 Window Wall (2025), the latter of which received an Architizer A+ Top Five Product award.

The company generates revenue through the manufacture and sale of custom-ordered windows and doors, distributed via professional dealer and distributor networks rather than direct-to-consumer. Pricing is quote-based and determined by specifications, size, materials, and installation requirements. Customer segments include the residential replacement market, the new construction market (residential and commercial), and the dealer/distributor network. Among named customer relationships, PGT Windows and Doors partnered with Habitat for Humanity Tampa Bay Gulfside for product donation and volunteer initiatives. Geography has historically been concentrated in the southeastern U.S., though the MITER Brands combination extends operations across ten states.

In 2026, PGT Innovations is being acquired by MITER Brands in an all-cash transaction, operating as part of a portfolio of window and door brands (PGT, CGI, Windoor, Western Architectural Openings, Anlin, MI Windows and Doors). MITER Brands reports 8,000+ employees, 5,000+ customers served annually, and $15M invested in community causes (as of February 2026). The company remains led by co-founder and CEO Rodney Hershberger, with a divisional president structure covering the Southeast, Western operations, and overall operations.

PGT Innovations firmographics

Firmographics
Name
PGT Innovations
Legal name
PGT Innovations Inc.
Website
https://pgtinnovations.com
Company type
Public
Founded year
1980
Operating status
Acquired
Headcount range
1,001–5,000 employees
Short description
PGT Innovations is a Florida-based manufacturer of premium impact-resistant windows and doors, serving residential and commercial builders through dealer networks across the southeastern United States. Now part of MITER Brands, it operates a multi-brand portfolio including PGT, CGI, Western Architectural Openings, Anlin, and MI Windows and Doors.
Ownership category
akta.pro rank

PGT Innovations industry classification

Industry
Product category
Windows and Doors Manufacturing
NAICS
Metal Window and Door Manufacturing (332321)
SIC
Metal Doors, Sash, Frames, Moldings & Trim (3442)
akta.pro primary industry
Windows (IMADAIAC)
akta.pro secondary industry
Custom Window & Door Fabrication & Replacement (HSAPAJAI)

Keywords

  • Impact-resistant windows
  • Hurricane windows and doors
  • Architectural window systems
  • Vinyl window manufacturing
  • Storm protection fenestration

Where PGT Innovations is headquartered

Location

Headquarters

HQ city
Nokomis
HQ country
United States
HQ region
North America

Offices1 record

Markets served

PGT Innovations business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

  1. Window and Door Manufacturing and Sales: PGT Innovations generates revenue through the manufacture and sale of windows and doors, primarily serving the residential replacement and new construction markets in the southeastern United States. Products are sold through dealer and distributor networks.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

PGT Innovations product offering

Product offering

Core offering

PGT Innovations manufactures and supplies premium windows and doors, with a focus on impact-resistant hurricane/storm-protection fenestration for residential and commercial construction. Products are sold through professional dealer and distributor networks and span a multi-brand portfolio (PGT, CGI, Windoor, Western Architectural Openings, Anlin, MI Windows and Doors). The company also offers commercial architectural openings and specialty product lines such as Triton Advanced Glass Systems and the Western Architectural Openings Series 8600/8630 series.

Product overview

PGT Innovations, now part of MITER Brands, operates as a family of leading window and door brands united by quality standards. The company offers a diversified portfolio of window and door products across multiple sub-brands including PGT Windows and Doors (impact-resistant products), CGI Windows (premium impact-resistant and energy-efficient windows), Windoor (commercial architectural products), Western Architectural Openings (formerly Western Window Systems, modern architectural systems), Anlin Windows & Doors (residential products, acquired in 2021), and MI Windows and Doors. The portfolio also includes specialty products like the Triton Advanced Glass Systems product line and Series 8630/8600 architectural products. The company serves residential, commercial, and architectural construction markets across the United States.

Differentiator

Problem solved

Functional benefit

Brands

  • PGT Windows and Doors: Window and door products under the PGT brand
  • CGI Windows and Doors
  • Windoor Inc.
  • Western Window Systems
  • Anlin Windows & Doors

Products and services

  • PGT Windows and Doors Impact-resistant windows and doors designed for residential and commercial applications, focused on hurricane and storm protection; the flagship brand of PGT Innovations.
  • CGI Windows and Doors Premium window and door products offering impact-resistant and energy-efficient solutions for residential and commercial construction.
  • Windoor Commercial and architectural window and door products serving the commercial construction market segment.
  • Western Architectural Openings (formerly Western Window Systems) Architectural window and door systems for residential and commercial applications, known for modern designs and high performance, including the Series 8630 Window Wall and Series 8600 Multi-Slide Door.
  • Anlin Windows & Doors Window and door products acquired by PGT Innovations in 2021 for $126 million, serving residential construction markets with vinyl window solutions.
  • MI Windows and Doors Part of the MITER Brands portfolio, offering windows and doors for residential construction.
  • Triton Advanced Glass Systems Advanced glass systems product line unveiled in 2026, featuring enhanced performance characteristics for windows and doors.
  • Series 8630 Window Wall Architectural window wall product part of Western Architectural Openings, voted a Top Five Product in Architizer Magazine's A+ Product Awards.
  • Series 8600 Multi-Slide Door High-performance multi-slide door for architectural applications, part of the Western Architectural Openings product line.

Quantifiable outcome

  • Serves 5,000+ customers annually through MITER Brands portfolio

Companies that use PGT Innovations

Customer profile

Named customers2 records

Segments3 records

Ideal customer profiles3 records

PGT Innovations technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

PGT Innovations partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • MITER BrandscoreStrategic or Co-development Partner · 9 February 2026PGT Innovations has been acquired by MITER Brands in an all-cash transaction. As of early 2026, the acquisition is progressing through remaining regulatory and shareholder approvals. PGT Innovations is now part of the MITER Brands family of window and door companies, which includes PGT Windows and Doors, CGI Windows and Doors, Western Window Systems, Anlin, and MI Windows and Doors.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

PGT Innovations competitors and assessment

Company assessment

Broad incumbents

  • Andersen Windows & Doors: Largest window and door manufacturer in North America with a broad product portfolio spanning replacement and new construction. Comparable to PGT in core window/door manufacturing but operates at significantly greater national scale across multiple material types and price tiers.
  • Pella Corporation: Major privately-held window and door manufacturer with strong replacement and new construction presence. Directly comparable to PGT in window manufacturing and dealer-network distribution model, with broader geographic reach and a wider product portfolio including wood, vinyl, and fiberglass lines.
  • JELD-WEN: Global manufacturer of windows, doors, and building products with significant North American presence. Comparable to PGT as a large-scale window and door manufacturer serving both residential replacement and new construction through dealer and distributor channels.

Direct peers

  • Marvin: Premium wood, fiberglass, and composite window and door manufacturer serving residential and commercial markets. Comparable to PGT's CGI and Western Architectural Openings premium segments, particularly in architectural and high-end replacement applications.
  • Simonton Windows: Vinyl window and patio door manufacturer focused on the residential replacement and new construction markets. Comparable to PGT's Anlin and MI sub-brands in the vinyl replacement window category with overlapping dealer and home-center distribution.
  • Milgard Windows & Doors: Vinyl and fiberglass window and patio door manufacturer serving Western US markets. Directly comparable to PGT's Western Architectural Openings sub-brand with overlapping geographic and product positioning in the western US replacement and new construction markets.
  • Sierra Pacific Windows: Premium wood, vinyl, and aluminum-clad window and door manufacturer serving residential and commercial markets. Comparable to PGT's CGI and Western Architectural Openings premium product lines, particularly in custom and architectural applications.
  • Atrium Windows and Doors: Vinyl and aluminum window and door manufacturer serving the residential replacement and new construction markets. Comparable to PGT's vinyl window product lines (Anlin, MI) with similar dealer-distribution model and replacement-market focus.
  • Weather Shield Windows & Doors: Wood, vinyl, and fiberglass window and door manufacturer serving residential and commercial replacement and new construction. Comparable to PGT across multiple product categories and price tiers with similar dealer-network distribution.

Regional players

  • Harvey Industries (Harvey Windows): Northeast US-focused window and door manufacturer serving residential replacement and new construction. Comparable to PGT as a regional window manufacturer, but with primary geographic focus in the Northeast rather than the Southeast hurricane market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

PGT Innovations social profiles

Digital presence

PGT Innovations financial estimates

Financial estimate

Revenue estimate

Valuation estimate

PGT Innovations leadership team

Management profile

Number of profiles

Profiles6 records

PGT Innovations subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

PGT Innovations funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

PGT Innovations M&A and investment

M&A and investment

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PGT Innovations

What does PGT Innovations do?

PGT Innovations manufactures and supplies premium windows and doors, with a focus on impact-resistant hurricane/storm-protection fenestration for residential and commercial construction. Products are sold through professional dealer and distributor networks and span a multi-brand portfolio (PGT, CGI, Windoor, Western Architectural Openings, Anlin, MI Windows and Doors). The company also offers commercial architectural openings and specialty product lines such as Triton Advanced Glass Systems and the Western Architectural Openings Series 8600/8630 series.

Is PGT Innovations a public or private company?

PGT Innovations is a public company. It is classified as public and is currently acquired.

When was PGT Innovations founded?

PGT Innovations was founded in 1980. It employs 1,001 to 5,000 people.

Where is PGT Innovations based?

PGT Innovations is headquartered in Nokomis, United States, in the North America region.

How does PGT Innovations make money?

One revenue line is on record: window and Door Manufacturing and Sales.

Who are PGT Innovations's main competitors?

Broad incumbents on record are Andersen Windows & Doors, Pella Corporation and JELD-WEN. Direct peers are Marvin, Simonton Windows, Milgard Windows & Doors, Sierra Pacific Windows, Atrium Windows and Doors and Weather Shield Windows & Doors. Harvey Industries (Harvey Windows) is listed as a regional player.

Does PGT Innovations have an API?

No public API is recorded for PGT Innovations.

What industry is PGT Innovations in?

PGT Innovations's product category is Windows and Doors Manufacturing. Its primary akta.pro industry code is IMADAIAC, Windows, with a secondary code of HSAPAJAI, Custom Window & Door Fabrication & Replacement. Its NAICS code is 332321 and its SIC code is 3442.

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Live signals
AD HOC NEWSPGT Innovations Inc stock (US7188501068): steady trading as investors eye pending M&A and valuationPGT Innovations Inc shares traded broadly unchanged on Nasdaq on Friday as investors assessed the pending all-cash acquisition by MITER Brands of the Venice, Florida-based window and door manufacturer. Market participants are benchmarking the stock against the implied valuation from MITER Brands' agreed offer, comparing the cash consideration with recent trading levels and sector multiples for U.S. building products peers. The transaction is progressing through remaining regulatory and shareholder approvals, with trading anchored to the deal terms as the expected closing date approaches.HomepageM&A: Bullish OutlookM&A activity in the window and door industry is expected to significantly exceed 2023 levels in 2024, with corporate and private equity buyers showing renewed interest following a quiet year. Two marquee deals have already been announced: Owens Corning's $4.3 billion acquisition of Masonite (38% premium, 8.6x EBITDA) and Miter's $3.2 billion merger with PGT Innovations (60% premium, 11.4x EBITDA), both expected to close mid-year. Increased lender appetite, expected interest rate cuts, and strong consumer demand for new housing are expected to boost acquisition financing and catalyze further M&A activity throughout 2024.pennliveDauphin County company acquires large Florida windows and doors businessMiter Brands, a Susquehanna Township company, has acquired PGT Innovations, a Florida-based window and door manufacturer. The acquisition deal, announced on January 17, 2024, was approved by PGT Innovations’ stockholders on March 18, where they will receive $42 in cash per share of common stock. This move is part of Miter Brands' strategy to enhance its position in the residential windows and doors market in America.MiterbrandsMITER Brands completes acquisition of PGT InnovationsMITER Brands announced on March 28, 2024 that it has completed its acquisition of PGT Innovations, a manufacturer of impact-resistant windows and doors. The deal was financed in part by an equity investment from Koch Equity Development LLC, an existing investor in MITER Brands. Financial terms were not disclosed.Business Wire BlogPGT Innovations, Inc. Stockholders Approve Proposed Merger with MITER BrandsPGT Innovations stockholders approved a merger with MITER Brands on March 18, 2024. MITER Brands will acquire all PGTI shares for $42 per share, with the deal expected to close later this month. PGTI will become a privately held company after the transaction.Business Wire BlogWINDOOR reveals first look of new brand at the International Builders’ Show along with announcement of celebrity ambassador partnershipWINDOOR will reveal its new brand identity and logo at the NAHB International Builders' Show in Las Vegas on February 27-29, 2024. The company, part of PGT Innovations, will showcase products including the Envista seamless glazed window wall and partner with HGTV designer Sarah Baeumler as brand ambassador.Pulse 2.0Why MITER Brands Is Buying PGT Innovations For About $3.1 BillionMITER Brands has entered into a definitive agreement to acquire all outstanding shares of PGT Innovations for $42 per share in cash, representing an enterprise value of approximately $3.1 billion. The transaction includes a $84 million termination fee paid to Masonite International after PGTI terminated its previous merger deal with them to accept MITER's superior proposal. Both companies' boards have unanimously approved the deal, which is expected to close by mid-2024 pending shareholder and regulatory approvals, resulting in PGTI becoming a privately held subsidiary.Business Wire BlogMITER Brands to Acquire PGT Innovations for $42.00 Per Share in CashMITER Brands agreed to acquire PGT Innovations for $42.00 per share in cash, a 60% premium over PGTI's unaffected closing price. The deal, valued at about $3.1 billion, is expected to close by mid-2024 after shareholder and regulatory approval. PGTI will become a privately held subsidiary of MITER.BenzingaWhat's Up With PGT Innovations Stock?PGT Innovations shares traded lower on Tuesday before trading was halted after the company disclosed it received an unsolicited acquisition proposal from Miter Brands offering $41.50 per share in cash. This competing offer arrives just two weeks after PGT Innovations entered into a definitive agreement to be acquired by Masonite International Corp. for $41.00 per share in cash and stock, raising questions about which deal may ultimately proceed.NrlaMasonite Announces Transformative Acquisition of PGT Innovations, Creating a Door and Window Solutions Company with Over $4 Billion In Combined Revenue – Northeastern Retail Lumber AssociationMasonite announced a definitive agreement to acquire PGT Innovations for $3.0 billion in cash and shares, paying $41.00 per PGT share ($33.50 cash, $7.50 Masonite stock), a roughly 24% premium. The deal would give Masonite about 84% of the combined company, with over $4 billion in pro forma revenue, $700 million adjusted EBITDA and $100 million in annual synergies. Closing is expected mid-2024, subject to shareholder and regulatory approval.