Polar Windows of Canada, Ltd.
Polar Windows of Canada, Ltd. (“Polar” or the “Company”) manufactures and sells premium window and door systems designed to provide energy efficiency, durability and comfort to residential customers living in climates prone to extreme weather. The Company offers its customers customizable window and door systems through a network of highly experienced sales agents.
After a challenging four-year period from 2010 to 2013, the Company grew substantially and the business returned to profitability after upgrading the management team, enhancing the salesforce and streamlining operations to reduce costs. Additionally, the Company is in the process of implementing a number of strategic projects including expanding its geographic presence, enhancing the existing product line and implementing process improvement initiatives focused on production efficiency to further drive overall profitability. Polar’s stakeholders supported the Company through the transition period and were seeking a new owner to provide the appropriate capitalization to support the strategic growth plan.
SSG was retained as Polar’s exclusive investment banker to conduct a comprehensive marketing process, soliciting offers from a broad universe of strategic and financial buyers. The Company was ultimately acquired by an entity formed by Stephen Segal, the current Chief Executive Officer of Polar, Henry & Wallace, LLC and Morris Capital Management, LLC.