bcIMC to buy stake in U.S. window dressing company

The British Columbia Investment Management Corp., along with AEA Investors, has agreed to purchase Springs Window Fashions from Golden Gate Capital.

The company, headquartered in Middleton, Wis., manufactures and sells window coverings and drapery hardware to retail and commercial clients, as well as independent designers and decorators.

“We are excited to be working with AEA Investors and BCI after a successful partnership with Golden Gate,” said Eric Jungbluth, chief executive officer of Springs Window Fashions, in a press release.

“Springs has enjoyed many years of growth and expansion into new product areas under Golden Gate’s ownership. We look forward to partnering with AEA Investors and BCI and further building our market presence.”

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While owned by Golden Gate, the company went through an expansion phase that included the integration of five other independent companies. Rajeev Amara, managing director at Golden Gate, noted in the press release that Springs Window Fashions had “essentially doubled the size of the business,” over the past five years.

Springs Window Fashions operates 15 facilities in the United States and Mexico and has about 8,000 workers.

“We look forward to working with AEA and Springs’ management team to build on the company’s successful track record as a leader in window coverings,” said Jim Pittman, senior vice-president of private equity at bcIMC, in a press release.

“This investment allows our clients to invest in a high quality company with strong growth potential.”

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