(New York, NY) – Cortec Group (“Cortec”), a New York-based private equity firm which invests in entrepreneur-led and family-owned, middle-market specialty consumer, distribution and healthcare services and products companies is pleased to announce that its affiliate, Cortec Group Fund VI, L.P. has sold Window Nation Intermediate Holding, LLC (“Window Nation” or the “Company”). Terms of the transaction were not disclosed.

Window Nation is one of the leading direct-to-consumer providers of replacement windows and exterior doors serving the residential repair and remodeling markets. The Company generates sales leads through a proprietary direct-to-consumer, multi-channel advertising strategy and converts leads into sales through its direct salesforce. Window Nation operates in 15 markets across the Mid-Atlantic, Midwest, Northeast, and Southeast regions of the U.S. Additional information on Window Nation is available at www.windownation.com.

Since Cortec acquired Window Nation in January 2018, the Company has expanded into 10 new markets, while optimizing lead generation through enhanced marketing, growing its direct salesforce and introducing new sales strategies. Michael Najjar, a Managing Partner at Cortec, stated, “We made early investments in personnel, systems and processes which drove significant growth at Window Nation in both existing and new markets. Under our ownership, Window Nation nearly tripled in size and established itself as the clear leader in the U.S. window replacement market.” Doug Kruep, a Partner at Cortec, added, “We are very pleased with the results of our partnership with Harley and Aaron Magden and the entire Window Nation management team and share management’s enthusiasm for their next phase of growth.”

Harley Magden, Window Nation’s Co-Founder and CEO, who will continue to lead the business with his brother Aaron and maintain a significant ownership stake, remarked, “Cortec has been an invaluable resource for my brother Aaron and me. From the beginning of our partnership, the Cortec team has been committed to our long-term success, encouraging us to invest in the business to build a strong platform positioned for growth well into the future.” Aaron Magden, Co-Founder and President of Window Nation, added, “We have enjoyed working with the Cortec team and are eager to continue our success with our new partners.”

Window Nation was advised in the transaction by Houlihan Lokey Capital, Inc. and Lincoln International, LLC, with Paul Hastings LLP serving as legal counsel.

About Cortec Group

Founded in 1984, Cortec invests in market-leading, middle-market specialty consumer, distribution, and healthcare services and products businesses in partnership with entrepreneurs, families and management teams who want to work with Cortec to drive growth and improve business fundamentals. More information about Cortec can be found at www.cortecgroup.com.