RENUITY HAS ACQUIRED RITE WINDOW
Birmingham, Michigan – May 10, 2022 – Angle Advisors is pleased to announce that Renuity, the national home improvement vertical of Titan Holdings, has acquired RiteWindow. Angle Advisors acted as the exclusive investment banking advisor to Renuity in completing this transaction, which adds to the firm’s high level of activity in the direct-to-consumer home improvement services industry including 8 closed transactions in the last 12 months.
RiteWindow is a leading home improvement company offering replacement windows, doors, roofs, and shower & bath remodeling across New England. The transaction represents the eighth operating company in Renuity’s fast-growing collection of leading home improvement providers since its launch in 2019.
“RiteWindow is a business whose values are closely aligned with ours and who is as committed as we are to delivering the highest standards of excellence in their product and service offerings,” said Daniel Gluck, Titan Holdings CEO. “I look forward to providing Rite with the full complement of resources the Renuity platform offers to grow their footprint and serve even more happy customers across the New England market.”
“With Renuity as our partner, we can take advantage of its industry-leading brand reputation, well-invested technology, and best practice sharing with all their great operators across the country, allowing us to better focus on what we do best: putting our customers’ satisfaction first,” Ted Castonguay & Peter DeVellis, RiteWindow, CO-CEOs, said in a joint statement. “We are very excited for the opportunity that this deal provides for our employees who have been, and always will be, our greatest asset.”
RiteWindow (whose name is derived from Respect, Integrity, Teamwork and Excellence) is locally managed by the same core team that founded it, and its reputation for customer-centric service makes it a prime target for the type of growth that has defined Titan and Renuity. Gluck added: “Ted, Peter, and their team are veteran operators who will be welcome additions. We admire their focus on doing business the 'Rite' way, and we look forward to them continuing to grow their market share under the Renuity umbrella.”
RiteWindow has helped more than 25,000 homeowners since its founding in 2000, consistently earning top marks across online review aggregators like Yelp, Facebook, Google, and more. The company represents the third acquisition since the December 2021 corporate restructuring that led to the launch of Renuity from what was then Titan Home Improvement.
Formerly “Titan Home Improvement,” Titan Holdings features two home-related verticals, including a national portfolio of regional home improvement providers (Renuity) and a technology platform focused on building out a superior managed solution for the home services industry (Bylte). The holding company aims to leverage its portfolio of assets to revolutionize the end-to-end residential remodeling process. Titan Holdings is based in Coral Gables, FL. For more information, visit www.titanhomeimprovement.com
Renuity is a portfolio of regional home improvement providers owned by Titan Holdings and operating across the United States. These businesses include best-in-class organizations like Mad City Windows & Baths, Pacific Bath, FHIA Remodeling, Statewide Remodeling, Home Smart Industries, MaxHome, and Paradise Home Improvement. Collectively, these businesses have helped hundreds of thousands of homeowners get quality remodeling services and reliable installation at a competitive price. For more information, visit www.renuityhome.com
Based in Woburn, Mass., RiteWindow has a proud history of customer satisfaction and service. Since August 2000, Rite has helped over 25,000 homeowners in New England upgrade their windows, doors, roofs, showers, or baths. RiteWindow serves eastern Massachusetts and southern New Hampshire. For more information, visit www.ritewindow.com
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. The firm’s professionals have completed 255 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.