Canton, GA. January 05, 2022 – National Glazing Solutions, LLC (“NGS”), a portfolio company of Turning Basin Capital Partners, LLC (“Turning Basin”) and Vigeo Investments, LLC (“Vigeo”), announced today the acquisition of CHB Industries, Inc. (“CHB”). The acquisition further expands NGS’s sales and operations presence in the New York and Chicago markets. The
acquisition is the first in the company’s history.
“This acquisition is unparalleled in the history of the window film industry,” states James Beale, Managing Partner and Co-Founder of NGS. “It combines the fastest growing and largest window film company, NGS, with the most storied and reputable company in the Northeast and Midwest, CHB. We are excited to add CHB’s team, resources, and 30 years of industry expertise to NGS. Separate, we were good. Together, we are better.”
Adds Carol Borow, Owner and President, CHB: “NGS’s culture of professionalism, reliability, and responsiveness, combined with their mission to make buildings better fits perfectly with what we’ve spent years creating at CHB.” Adds Dan Venet, Executive Vice President, CHB, “We are thrilled to join forces with NGS and create something unprecedented in the industry.”
Founded in 2009 by James Beale and Patrick Coyle, NGS has grown to become the industry-leading dealer and installer of 3M™ Window Film, Riot Glass™, Printed Graphics, and Signage. Offering security, energy, and branding retrofits for buildings, the company’s mission is to protect people and property, preserve the planet, and create beauty by making buildings better.
CHB was founded over 30 years ago by Borow and Venet with the vision that building owners, property managers, office tenants, and homeowners needed services that would make their properties safer, more energy-efficient and attractive, and less expensive to manage. The company grew to become the most trusted and reputable window film company in the New York and Chicago markets.
Beale and Coyle have assumed leadership responsibilities and management of CHB. Borow and Venet will support CHB through a transition period. The transaction closed on December 30, 2021. Terms of the transaction were not disclosed.
About Turning Basin Capital Partners
Turning Basin Capital is a private equity firm with a unique focus on lower-middle market companies providing services and products to the critical infrastructure, energy, health and safety, and environmental protection and compliance market sectors. TBC provides capital and strategic support, working with its partner management teams, to drive growth and long-term value creation. For more information, visit www.turningbasin.com.
About Vigeo Investments
Vigeo Investments is a private family office based in Denver. Vigeo holds a diversified portfolio of operating companies, real estate and other private investments. Vigeo seeks to invest in operating companies via control or minority investments in promising middle market companies primarily across the Industrial, Infrastructure, Business Services and Consumer Products markets. For more information, visit www.vigeoinvest.com.