Wingate Partners announced today that they have acquired the Memphis, Tenn.-based glass service provider Binswanger Glass and will support the current management team going forward.
“This is an exciting time for Binswanger Glass as the investment by Wingate Partners will help accelerate our growth in new and existing markets,” said Tim Curran, CEO of Binswanger.
“The partnership between Binswanger Glass and Wingate is a testament to the success of Binswanger’s core principles of safety, attracting and retaining exceptional people, maintaining key relationships with the strongest suppliers of glass and glass-related products and, ultimately, providing our customers with unmatched service for all their glass needs.”
In March 2016, Binswanger announced that Yukon Partners, a provider of mezzanine capital for middle-market private-equity transactions, had partnered with Grey Mountain Partners to recapitalize Binswanger Enterprises. The company acquired a minority equity interest in the company at that time.
Today, Binswanger Glass serves 15 states with 64 locations and provides auto, commercial and residential glass services. In fact, Binswanger Glass appears in the top five on AGRR magazine’s list of top automotive glass retailers. For the full list, look for the upcoming March-April issue of AGRR. The 2016 list may be found here.