Harris Williams & Co. Advises Pella Corporation on the Sale of its Subsidiary, EFCO Corporation, to Apogee Enterprises, Inc.

June 13, 2017

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces the sale of EFCO Corporation (EFCO), a subsidiary of privately-held Pella Corporation, to Apogee Enterprises, Inc. (Apogee; Nasdaq:APOG). Harris Williams & Co. served as the exclusive advisor to EFCO, a leading U.S. manufacturer of architectural aluminum window, curtainwall, storefront and entrance systems for commercial construction projects. The transaction was led by Mike Hogan, Eric Logue, John Lautemann and Ty Denoncourt of Harris Williams & Co.’s Building Products & Materials and Industrials Groups.

EFCO, founded in 1951, is headquartered in Monett, Missouri, where full production capabilities are located; it has additional facilities in Missouri, Illinois and Virginia. EFCO has approximately 1,600 employees and has been owned by Pella Corporation since 2007.

Apogee, headquartered in Minneapolis, is a leader in technologies involving the design and development of value-added glass products and services. The company is organized in four segments: architectural glass, architectural framing systems, architectural services and large-scale optical.

Harris Williams & Co. (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise, and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements, and capital markets advisory services.

Harris Williams & Co. has closed nearly 100 transactions across a broad range of building products and materials sectors, including production, distribution and services related to building materials, commercial and residential construction; infrastructure and public facilities; repair and remodeling; cabinetry, windows, and doors; flooring and tiles; roofing and siding; HVAC, electrical and plumbing; aggregates; asphalt; ready-mix concrete; cement; and engineering and construction services.  For more information on the firm’s Building Products & Materials experience, visit the Building Products & Materials section of the Harris Williams & Co. website.

Harris Williams & Co.’s Industrials Group has experience across a variety of sectors, including advanced manufacturing; aggregates, metals, and mining; building products; chemicals and specialty materials; industrial technology; and packaging. For more information on the firm’s Industrials Group and other recent transactions, visit the Industrials Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 7078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.