Littlejohn & Co. Makes Strategic, Minority Investment in Great Day Improvements

New structured capital will be used to accelerate Great Day’s growth and support M&A activity

GREENWICH, Conn.--(BUSINESS WIRE)--Littlejohn & Co. LLC, a private investment firm based in Greenwich, CT, announced today that it has made a structured capital, minority investment into Great Day Improvements (“Great Day”), a direct-to-consumer residential remodeling company providing patio enclosures and replacement windows. Terms of the transaction were not disclosed.

Proceeds are being used to support Great Day’s recently completed acquisitions of Universal Windows Direct and Champion Windows & Home Exteriors and their subsequent integrations. The combination of these three companies creates one of the nation’s leading direct-to-consumer home remodeling companies. The senior management team at Great Day, led by Chief Executive Officer Michael Hoy, will continue to lead the combined company.

Ed Weinfurtner, Executive Chairman of Great Day, said: “Littlejohn’s ability to move quickly as well as their deep sector experience, creative investment structuring, M&A and financing capabilities enabled Great Day to execute our plan to expand and transform the business. Great Day was built by entrepreneurs, and we will continue to operate with an entrepreneurial mindset while leveraging Littlejohn’s considerable financial and operational resources. Partnering with Littlejohn allowed us to significantly accelerate our strategic vision. They are exactly the type of investment partners we were looking for.”

Steven Raich, a Managing Director at Littlejohn, added: “We are excited to support Great Day as it executes on its growth strategy. This investment exemplifies Littlejohn’s approach of partnering with great companies and management teams to deliver flexible capital solutions, deep industry expertise, and fast deal execution.”

Littlejohn’s structured capital provides flexible capital that can be used for a range of purposes, including growth, M&A, shareholder liquidity and recapitalizations, and complements the firm’s private equity, special situations and performing credit strategies. Great Day is Littlejohn’s fourth recent structured capital investment.

KeyBanc Capital Markets advised Universal Windows Direct and Moelis advised Champion Windows in the transaction.

About Littlejohn & Co., LLC
Littlejohn & Co. is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments in middle-market companies. With approximately $14 billion of regulatory assets under management, the firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. For more information about Littlejohn, visit www.littlejohnllc.com.

About Great Day Improvements, LLC
Great Day Improvements is headquartered in the Cleveland, Ohio area and is a vertically integrated, direct-to-consumer provider of branded premium home improvement products, including Patio Enclosures brand sunrooms and screen rooms; Stanek brand windows and patio doors; Apex Energy Solutions energy efficient windows and doors; Hartshorn Custom Contracting pool enclosures and lanais; and most recently, Universal Windows Direct and Champion Windows. Great Day Improvements has an expanding workforce of over 2,200 employees across 77 metropolitan markets throughout the United States. The company has been named to REMODELING Magazine’s 550 List and Qualified Remodeler’s Top 500 List, and is among Inc. Magazine’s fastest growing private companies. Great Day Improvements has an excellent reputation with an A+ rating from the BBB and an overall Google rating of 4.6 with over 2,500 reviews. To learn more, visit www.patioenclosures.com, www.stanekwindows.com, www.greatdayimprovements.com, www.hccscreens.com, www.apexenergygroup.com, www.universalwindowsdirect.com, www.championwindow.com