Window Installation Specialists, Inc.

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Windows Installation Specialists, Inc. Logo has been acquired by Exchange Income Corporation (TSX: EIF) Logo

Overview

  • Window Installation Specialists, Inc. (“WIS”) is a premier glazing, waterproofing and window installation company that specializes in complex large-scale commercial projects
  • Over the past 20+ years, WIS has had a strong reputation for quality and worked on many of the new construction high rises in the Pacific Northwest from Seattle down to Southern California

Situation

  • For the last decade, Quest Window Systems, Inc. (“Quest”), a subsidiary of Canadian-listed Exchange Income Corporation (“EIC”), has been a key supplier and partner to WIS, and together they provide services under supply and install contracts
  • Quest had a desire to further vertically integrate and sought to acquire WIS as the Company continued to gain market share in its regions
  • Also, Quest had recently acquired a similar company on the East Coast and sought to expand its reach to the West Coast
  • WIS engaged Cascadia to negotiate the initial offer and terms, support in the exclusive diligence process and guided towards a successful close

Our Specialized Approach

  • Cascadia acted as the exclusive financial advisor to WIS during the sale process
  • Cascadia worked alongside the Company to drive an optimal outcome for the client
  • Exchange Income Corporation acquired Window Installation Specialists in July 2020
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