All Glass & Windows Completes Equity Investment from Cross Rapids Capital
Deal News | Mar 26, 2025 | Prospect Partners LLC
All Glass & Windows Holdings, Inc., a dealer and installer of impact-resistant windows and doors in Florida, announced that it has completed an equity recapitalization with investment from Cross Rapids Capital LP. This marks the exit of Prospect Partners after initially recapitalizing the company in 2016. All Glass & Windows was founded in 2009 by Christopher Harris and David Fleeman, focusing on delivering high-quality windows, doors, and storefront solutions. The company plans to execute growth strategies with support from Cross Rapids, aiming to expand organically and through acquisitions. Prospect Partners has been credited for helping develop the firm into a significant player in the middle market through leadership restructuring and geographic expansion. TM Capital Corp. was the financial advisor and DLA Piper LLP served as legal counsel for All Glass & Windows in the transaction.
Sectors
- Construction and Building Materials
- Private Equity
Geography
- United States – The companies involved, All Glass & Windows and Prospect Partners, are based in the United States, specifically in Sarasota, Florida.
Industry
- Construction and Building Materials – All Glass & Windows is involved in the supply and installation of windows and doors, serving various markets which places it within the construction and building materials industry.
- Private Equity – The article involves a transaction facilitated by private equity firms, Prospect Partners and Cross Rapids Capital.
Financials
- Not Disclosed – The financial terms of the equity investment and recapitalization were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| All Glass & Windows Holdings, Inc. | Target Company | Company | A provider of impact-resistant window and door solutions based in Sarasota, FL. |
| Prospect Partners LLC | Selling Company | Company | A private equity firm that exited its investment in All Glass & Windows. |
| Cross Rapids Capital LP | Bidding Company | Company | A private equity firm that provided new equity investment in All Glass & Windows. |
| TM Capital Corp. | Financial Advisor | Company | Served as financial advisor for All Glass & Windows. |
| DLA Piper LLP | Legal Counsel | Company | Provided legal counsel to All Glass & Windows in the transaction. |
| Greenberg Traurig LLP | Legal Counsel | Company | Provided legal counsel to Cross Rapids Capital in the transaction. |
| Christopher Harris | Co-Founder | Person | Co-founder of All Glass & Windows. |
| David Fleeman | Co-Founder | Person | Co-founder of All Glass & Windows. |
| Rick Tuttle | Founder | Person | Founder at Prospect Partners. |
| Mike McInerney | Partner | Person | Partner at Prospect Partners. |