KBS Corporate has advised on the acquisition of The New Window Company, a supplier and installer of contemporary and period windows and doors.
The business, which operates out of historic offices and large showroom facilities in Caythorpe, Lincolnshire, was acquired in a BIMBO led by Roy Wakeman OBE, a leading industry figure head.
Since being formed in 1995 by Darren and Tracey Elmes, The New Window Company has grown into the leading provider of windows and doors in the East Midlands with installations in Lincolnshire, Rutland, Nottinghamshire, and Leicestershire.
The products offered suit contempory, traditional and historic buildings and all carry extensive warranties and performance certification. All materials can be specified and the Company is proud to be the appointed installer and distributor for Timberwindows.com and Evolution uPVC products in the immediate area, and can also offer other leading brands, including Roseview, Rehau and Endurance.
The acquirer, Roy Wakeman OBE, is a leading figure and driving force in the timber and joinery industry. Currently Non-executive Chairman of Performance Timber Products Group Limited (PTP), Roy has been appointed as President of the BWF (British Woodworking Federation) three times in his career (1987, 2001, 2013), and has received numerous other industry awards and accreditations.
Over the years, Roy has also grown many well-known brands and businesses in the joinery manufacturing arena including Sarek Joinery (with sales of £30m) and The Leaderflush Shapland brand of Doors (with sales of £40m). Roy’s wealth of experience, clear industry expertise and strong capability of taking the business to the next level made him the ideal acquirer of The New Window Company.
Roy Wakeman said, “I am delighted to be able to help this great business continue its remarkable growth and look forward to working with all the staff who have helped the Company gain such a renowned reputation.”
Darren Elmes commented, “Both Tracey and I have enjoyed building the business over the past 21 years and are really pleased to see it transfer to Roy and his team. We wish them every success.”
Matthew Sibley, Deal Executive at KBS Corporate, advised on the deal.