The New Window Company, a supplier and installer of contemporary and period windows and doors has been acquired by its management and well-known industry figure head, Roy Wakeman OBE.
The business, which operates out of historic offices and large showroom facilities in Caythorpe, Lincolnshire, was acquired in a BIMBO (management buy in and buy out) led by Wakeman.
Since being formed in 1995 by Darren and Tracey Elmes, The New Window Company has grown into an established provider of windows and doors in the East Midlands with installations in Lincolnshire, Rutland, Nottinghamshire, and Leicestershire.
Wakeman is a leading figure and driving force in the timber and joinery industry. Currently Non-executive Chairman of Performance Timber Products Group Limited (PTP). He has been appointed as President of the BWF (British Woodworking Federation) three times in his career (1987, 2001, 2013), and has received numerous other industry awards and accreditations.
Over the years, Wakeman has also grown many well-known brands and businesses in the joinery manufacturing arena including Sarek Joinery (with sales of £30m) and The Leaderflush Shapland brand of Doors (with sales of £40m). Roy’s wealth of experience, clear industry expertise and strong capability of taking the business to the next level made him the ideal acquirer of The New Window Company.
Commenting on the acquisition, Wakeman says, “I am delighted to be able to help this great business continue its remarkable growth and look forward to working with all the staff who have helped the Company gain such a renowned reputation.”
Darren Elmes commented, “Both Tracey and I have enjoyed building the business over the past 21 years and are really pleased to see it transfer to Roy and his team. We wish them every success.”
Matthew Sibley, Deal Executive at KBS Corporate, advised on the deal.