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It’s a New Dawn for Riverside’s Latest Exit

Ã×À¼ÌåÓý, a global private equity firm focused on the smaller end of the middle market, has sold Sunrise Windows (Sunrise) to MI Windows and Doors (MI). Terms of the transaction were not disclosed. 

Sunrise traces its start to 1994 and has earned a reputation for its innovative offering of custom vinyl windows, outstanding product quality and superior customer support to its dealer partners. Sunrise delivers a superior value proposition to dealer customers in 38 states. The company is differentiated by flexible operations and industry-best dealer sales, marketing and support services.

“Our time together with the Sunrise organization has been incredibly fruitful,� said Riverside Partner Tim Gosline. “During our partnership, we grew the company’s dealer roster, introduced new products and enhancements and invested in a significant facility expansion.�

Under Riverside’s ownership, Sunrise completed an impressive 71,000 sq. ft. facility expansion, consolidating three facilities and enhancing operations, implemented best-in-class IT infrastructure systems and launched numerous new product lines. The investments in people, processes and operations have led to outsized growth of the company’s dealer customer base.

“As a team, we believe Sunrise is well-positioned for growth with its next partner,� said Riverside Partner Ryan Richards. “We’re proud of our investment into the organization’s people and processes and building out the management team. We look forward to watching their next chapter with MI.�

This is one more example of Riverside’s dedication to its Specialty Manufacturing & Distribution specialization. The firm has invested in more than 240 specialty manufacturing and value-added distribution companies across a wide variety of end markets.

“We have been very pleased with our partnership with Riverside; not only have they been instrumental in helping us attain our growth objectives, but they’ve done it in a very practical manner � focusing on the key value drivers and overall investment strategy allowing me and my team to run the day-to-day business,� said Sunrise CEO Carl Will.

Working with Gosline and Richards on the deal for Riverside were Senior Associate Mark Fishman, Associate Ryan Lau, Operating Partner George Benson and Operating Finance Executive Allison Zabransky.

KeyBanc Capital Markets, Jones Day, BKD and RSM advised Riverside and Sunrise Windows on the deal.