Headquartered in Boulder, Colorado, SolarGlass Window & Door is a multi-site distributor of windows and doors into the custom residential remodeling and new construction markets. In addition to its headquarters and retail facility in Boulder, Colorado, the company maintains two other Colorado locations in Denver and Ft. Collins. Sarowdin Partners was hired by SolarGlass in the fall of 2005 as its exclusive financial advisor to assist in the sale of the company.
Because of the company's history of success but modest size, a broad process to find the most appropriate buyer was run. In addition to prospective strategic and financial buyers, Sarowdin Partners contacted a number of individuals looking to buy and then run a business. After completing a competitive bidding process, the assets of SolarGlass were sold to a new company, SolarGlass, LLC, headed by Gwenael Hagan, who was backed by local funding sources. The transaction closed in October 2006.
"Our decision to sell the business was obviously an important one for my brother and me. It was critical that new ownership carry on the values of the company and its employees. We wanted to hire the investment banking firm that would work the hardest for us and stay focused on our transaction. We were impressed by Chris and his team. As promised, Chris was involved in every aspect of our transaction. He was proactive and organized. I am convinced that Chris' experience and professional approach were critical in enabling our transaction to close."*
*Client results may not be representative of the experience of others and is no guarantee of future performance or success.