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AEA Acquires Window Nation
New York – July 17, 2021– AEA Investors’ (“AEA” or the “Firm”) Middle Market Private Equity team announced today that its fund has closed the acquisition of Window Nation Holding, LLC (“Window Nation” or the “Company”). Window Nation was founded in 2006 by two brothers, Harley Magden and Aaron Magden, as a provider of direct-to-consumer (“DTC”) windows and related products for the residential repair and replacement market in the United States. Since then, the Company has become a leader in the market, growing organically to 15 markets through a proven and repeatable greenfield expansion playbook. Window Nation has a highly differentiated commercial engine that drives top and middle of the funnel advantages, resulting in outsized share gains within both existing and new markets. The investment in Window Nation represents an opportunity to partner with a strong management team with a proven track record of success within the attractive home services industry, specifically the replacement window sector, which is a large, growing and fragmented market.
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors and/or join its portfolio company boards or act in other advisory roles. Today, AEA’s approximately 100 investment professionals operate globally with offices in New York, Connecticut, San Francisco, London, Munich and Shanghai. The firm manages funds that have over $15 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies, growth capital and mezzanine and senior debt investments.
About Window Nation
Window Nation is a leading DTC provider of windows and related products for the residential repair and replacement market in the United States. The Company currently operates across 15 markets in the Northeast, Mid-Atlantic and Midwest regions and continues to be run by its two founders, Harley Magden and Aaron Magden. Founded in 2006, Window Nation is headquartered in Fulton, MD and has approximately 550 employees.
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