Transom Capital Group, a Los Angeles–based private equity firm specializing in operational transformation, announced the completion of its acquisition of Binswanger Glass, a full-service flat glass company in the United States.
Founded in 1872 and headquartered in Memphis, Tennessee, Binswanger operates 42 locations across 11 states, providing commercial and residential glass design, engineering, fabrication and installation services. Binswanger serves a diversified base of commercial clients, including national retailers, corporate accounts, and general contractors, while also delivering residential services through its extensive regional service center network. Binswanger brings more than 150 years of continuous operation.
What people are saying
“Binswanger exemplifies the type of resilient, service-driven business that aligns with Transom’s investment strategy,” says Conor Davenport, Managing Director at Transom. “The Binswanger team has built an impressive platform known for its quality of work and customer service. We see significant opportunity to build on Binswanger’s legacy and leverage our hands-on operational approach to unlock the Company’s next phase of growth and innovation.”
“We’re excited to partner with Transom as we continue Binswanger’s transformation and build on our long tradition of growth and excellence,” says Blake Hancock, CEO of Binswanger. “We’ve been very focused on creating a stronger, more agile organization through strengthened systems, leadership, and customer engagement, and Transom’s operational approach will help us take the business to the next level. With Transom’s expertise and investment, we are well positioned to support our team, elevate the customer experience, and deliver innovative solutions throughout our national network.”
More about Binswanger and this acquisition
Kirkland & Ellis LLP served as legal advisor to Transom in connection with the transaction. Genesis Capital LLC served as financial advisor to Binswanger and Willkie Farr & Gallagher LLP served as legal advisor to Binswanger.
