About The Company
Skyline Windows, LLC manufacturers and installs specialty aluminum windows primarily in the New York metropolitan area. The Company offers custom window solutions for commercial and residential applications that incorporate high-level performance and design features including blast, hurricane and ballistics attributes. The Company’s historical expertise enables it to meet the most stringent zoning requirements while maintaining the highest performance and aesthetic standards in the industry.
Case Study
In 2003, Linx partnered with Steven Kraus and his family in a recapitalization transaction designed to a) provide partial liquidity; b) partner with an experienced private equity firm to grow the business; and c) offer equity ownership opportunities to key members of the management team. The Company believed they were running at capacity and needed to upgrade their operations, project cost analysis and information systems to continue to benefit from the recovery of the New York metropolitan area. In order to increase capacity, Linx helped the Company implement lean manufacturing processes and introduce a second shift in the manufacturing facility. The overall infrastructure was improved by upgrading the operational and financial software, implementing a bid tracking system, hiring a CFO and changing the accounting methodology to a percentage-of-completion system. Investments were also made in sales and marketing as new architectural product brochures were developed for the Company’s salesforce.
Key members of the management team were brought into the equity of Skyline with the opportunity to invest in the 2003 recapitalization transaction as well as through an option incentive program. After nearly doubling the Company’s revenue in four years’ time, Linx and management realized the growth created in their equity investments through another recapitalization transaction, which was completed in 2007 with a private equity firm.
Linx remained active on Skyline’s board of directors and maintained a small equity position until 2013, at which point it sold its remaining equity interests to management.