White Plains, New York — May 30, 2016 – Deutsch Capital LLC today announced an investment in Skyline Windows LLC. Founded in 1921 in Bronx, NY, the company is the leading manufacturer and installer of windows in the New York City market. Skyline Windows, a fourth generation family-owned business, has manufactured and installed windows in many of New York’s most iconic office buildings, condominiums and co-ops. Its leadership in the industry enabled Skyline to work closely with New York City Landmarks Preservation Commission in the early 1980s to establish the standards under which all New York landmark buildings’ windows would be restored. The company has the leading market share in the New York City region.
Steven Kraus, CEO of Skyline, commented, “When pursuing a private equity transaction, we had many choices of firms that wanted to partner with us. We chose Deutsch Capital because of Mark Deutsch’s extensive buildings products experience and his strong relationship with Carl Hedlund, a senior operating executive in the industry. Deutsch Capital offered far more than just capital to complete a transaction. We look forward to working with Mark and Carl as we continue to grow our family business.”
Mark Deutsch, President of Deutsch Capital, said “Skyline Windows is a world class company. It’s not often we find a business that has weathered so many business cycles and manages to be stronger each time. It’s a tribute to the four generations of Kraus family members that have run this company since 1921. Carl and I are delighted to be partners with Skyline Windows and we look forward to working with the senior management team to continue its growth in the New York City market and selective other major cities.”
ABOUT SKYLINE WINDOWS
Skyline Windows is a premier window manufacturer in the United States with over 350 employees, a sales and engineering headquarters, and two manufacturing facilities. With nearly 100 years of experience in the industry, the Skyline brand can be seen throughout New York in buildings such as the Hearst Building, the Puck Building, the Pierre Hotel, the Palace Hotel, and many of the most exclusive residential buildings adorning Central Park. From landmark buildings to new construction, high end residential to high volume commercial, Skyline works hand in hand with developers, architects, contractors and owners to address all of the unique needs of their projects. To learn more, visit www.skylinewindows.com.
ABOUT DEUTSCH CAPITAL
Based in White Plains, NY, Deutsch Capital is a private equity firm that invests in lower middle market companies across a wide range of industries. Typical investments are in privately owned niche manufacturing, business services and building products companies with sales of $10 million to $75 million. To learn more, visit www.DeutschCapital.com.