GREAT DAY IMPROVEMENTS HAS ACQUIRED APEX ENERGY SOLUTIONS
Birmingham, Michigan – November 20, 2020 – Angle Advisors is pleased to announce that Great Day Improvements, LLC (“Great Day”) has acquired Apex Energy Solutions (“Apex” or the “Company”). Angle Advisors acted as the exclusive investment banking advisor to Apex in completing this transaction, which adds to the firm’s recent activity in the home remodeling industry, including the sale of Mad City Windows & Baths, 1-800-Hansons, and Statewide Remodeling.
Founded in 2000, Apex Energy Solutions, is a differentiated and innovative direct-to-consumer home remodeling service provider of superior quality, energy efficient replacement windows and patio doors. Headquartered in Indianapolis, IN, Apex operates 19 company-owned and franchised locations nationwide. With more than 450,000 windows satisfactorily installed, Apex has earned a reputation of excellence with a 97% customer satisfaction rating coupled with over 12,000 reviews, an A+ rating from the BBB and a 5-star Facebook rating.
The addition of Apex marks the second acquisition for Great Day Improvements in the last 18 months and strategically aligns with Great Day Improvements’ desire to drive growth through the replacement window market and will diversify the volume of business through the company’s direct-to-consumer model. “We continue to seek acquisition opportunities in the direct-to-consumer building products and home improvement services sector as part of our ‘Strategic Transactions’ initiative,” said Great Day Improvements Chairman, Ed Weinfurtner. “Businesses that can be additive in terms of people, products, capabilities, and new geographic markets are highly desired. Apex Energy Solutions is a great example of the kind of business that fits with the long-term goals of our organization,” Weinfurtner added.
“Apex’s innovative business model and unique approach to the home improvement process combined with their use of cutting-edge technology, strong team and vibrant culture was extremely appealing to us”, said Great Day Improvements’ President & CEO, Michael Hoy. “Plus, Apex’s geographical footprint is complementary to ours, opening up additional growth and expansion possibilities nationwide,” added Hoy.
Apex was founded on the idea that there was a “better way” to sell windows. The company’s educational philosophy combined with its proprietary technology system and marketing platform provides real-time data tracking and process management throughout the sales and install cycle, creating efficiencies for the business as well as a unique and compelling experience for their customers, which has resulted in astounding customer satisfaction results.
“Angle Advisors did a great job working with us in accomplishing a remarkable outcome for our company and all the Apex team. They have a very detailed understanding of direct-to-consumer residential remodeling businesses with deep relationships throughout the industry. We can’t thank them enough for their dedication throughout the project and really enjoyed working with their team in helping us understand the complexities of the sale process,” commented Michael Foit, CEO of Apex.
Great Day Improvements is a vertically integrated, direct-to-consumer provider of branded premium building products of which include Patio Enclosures brand sunrooms and screen rooms; Stanek brand windows and patio doors; as well as pool enclosures and lanai’s by Hartshorn Custom Contracting. In the last 5 years, Great Day Improvements has more than tripled in size and footprint, expanding its workforce to over 580 employees across 48 metropolitan markets throughout the United States. As one of the nation’s largest home improvement companies according to REMODELING Magazine’s 550 List and Qualified Remodeler’s Top 500 List, Great Day Improvements has an excellent reputation with an A rating from the BBB and an overall Google rating of 4.5 with over 1,300 reviews. To learn more, visit www.patioenclosures.com, www.stanekwindows.com, www.greatdayimprovements.com, www.hccscreens.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 226 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.