Specialty glazing contractor Harmon Inc., a subsidiary of Minneapolis-based
Apogee Enterprises Inc., has entered into a definitive agreement
to purchase the assets of Architectural Wall Solutions Inc. (AWallS).
AWallS is the ninth largest commercial glass installation business
in the United States, based in the Chicago suburb of Bolingbrook,
Ill. This transaction, part of Apogee's strategy to strengthen
and grow its architectural business segment, is expected to close
by the end of December, subject to customary conditions. Terms
of the agreement were not disclosed.
According to a Harmon news release, the acquisition is expected
to add approximately $25 million in annual revenue to Harmon,
which already ranks as the largest U.S. full-service building
glass installation, maintenance and renovation company. The purchase
will include AWallS' backlog of business, which is primarily in
the Chicago and Seattle markets where the company has operations.
Harmon announced that it intends to hire the AWallS staff, including
two AWallS executives, Dennis Pilkinton and Tom Niepokoj, as well
as other operations, sales and project management personnel. Pilkinton
will join Harmon's Jim Mroz as vice president of operations, while
Niepokoj will fill the position of vice president for new construction
"This acquisition will enable Harmon to reach more customers
in more locations, further strengthen our management team and
further enhance our operations," said Chuck Mowrey, president
of Harmon. "It clearly demonstrates the value Apogee places
on Harmon and reflects a continued commitment to our company,
our people and our customers."
Russell Huffer, Apogee chairman and chief executive officer,
"The purchase of AWallS brings a strong organization that
augments the strengths within Harmon," Huffer said. "We
will fill some critical organization needs with key AWallS executives
who will assist with our growth strategies and our ongoing efforts
to improve the predictability and profitability of Harmon. In
addition, we will gain glass installation market share as we add
to our presence in the Midwest and enter the Northwest market."