Exchange Income Corporation
Acquires Quest Window Systems
xchange Income Corp.(EIC) com- as it further expands our manufactur- try.Quest’s geographic and customer di-
pleted its acquisition of Quest ing operations and complements our versiﬁcation, coupled with a signiﬁcant
Window Systems Inc.for $85 mil- companies within our manufacturing backlog and pipeline of projects, will
lion, subject to customary post-closing segment,” says Mike Pyle, CEO of EIC. allow it to unlock new opportunities in
adjustments. This can increase to $100 “Quest has carved out a niche product in current and new markets.”
million if post-closing growth targets a large market and is top of class, which
Martin Cash,the founder and CEO of
are met, according to a press release. is driven by product innovation and Quest,along with his son Jody Cash,the
Quest,headquartered in Mississauga, customer-focused solutions. The man- company’s vice president, have more
Ontario, manufactures a unitized win- agement team is exceptional and will than 55 years of combined industry
dow wall system used primarily in continue to lead the business in the fu- experience and will continue to lead
high-rise multifamily residential proj- ture. Their conservative and disciplined the business under its new ownership.
ects in Canada and the U.S.
approach has created brand equity and
This is a strategic acquisition for us signiﬁcant credibility within the indus-
continued on page 20
Pella Expands with Bonelli Acquisition
onelli Windows and Doors, a San Francisco-based window
manufacturer, is Pella Corp.’s latest acquisition. Terms of the
deal were not disclosed.
Bonelli is an important part of Pella’s concerted effort to build a
portfolio of the most exclusive luxury window and door brands in the
industry,” Cole Adrien, vice president of Pella’s luxury division, tells
USGlass magazine. “Bonelli is a strategic business because of its
brand position in the luxury market; plus its relationship with archi-
tects and its solid customer base. Aluminum is a signiﬁcant part of
the luxury market and key to rounding out our portfolio.”
Bonelli’s custom aluminum products with insulated barriers are
used in both residential and commercial projects.
“Our primary area of focus will continue to be residential projects, but
Pella has always done commercial projects, from ofﬁce buildings and
hotels to schools,” says Adrien. “With the addition of Bonelli our goal
is to offer a complete solution of services and products for architects,
whether it is a commercial project or an exclusive residential home.”
The company’s 25 employees will continue to work out of the main
headquarters in South San Francisco, and David Bonelli will continue
to lead the company.
Daily operations and management will remain the same at
Bonelli,” says Adrien. “David has a great team. Pella’s goal is a seam-
less transition and to build upon the Bonelli brand name and market
CondominiumsintheNobHillneighborhoodofSan strength. In short, Bonelli will remain Bonelli. We plan to grow the
Francisco are an example of the luxury windows business through investments in the capacity of the production ﬂoor
that enticed Pella Corp. to acquire Bonelli.
and the sales staff.”
USGlass, Metal & Glazing | December 2017