Manufacturer adds business line with $92M deal

VENICE — Impact-resistant window and door manufacturer PGT Innovations, one of the largest employers in the region, is getting into a new line of business with its latest acquisition: the direct-to-consumer model.

In a deal announced Dec. 10, PGT signed a definitive agreement to acquire Tampa-based NewSouth Window Solutions. PGT will pay $92 million in cash, subject to adjustments, for NewSouth, according to a statement.

NewSouth is a manufacturer and installer of factory-direct, energy-efficient windows and doors, including both impact-resistant and non-impact residential products. NewSouth has eight retail showrooms in several locations throughout Florida, with an additional showroom in Charleston, S.C. and is the only vertically integrated window dealer in Florida, the release adds.