NGS Procures Private Equity Capital in Bid to Expand Industry LeadershipDecember 29th, 2021 by Chris Collier
National Glazing Solutions (NGS) announced they have procured private equity capital from Turning Basin Capital (“TBC”) and Vigeo Investments (“Vigeo”). The company plans to use the capital for acquisitions, with one company in negotiation and others lined up for discussion.
“This capital investment marks a milestone in our company’s history,” says James Beale, managing partner and co-founder of NGS. “It serves as the catalyst for the next level of NGS’ growth, industry leadership, and opportunity for our employees, customers and partners.”
Founded in 2009 by Beale and Patrick Coyle, NGS offers security, energy and branding retrofits for buildings. The company averages more than 5,000 projects per year and executed more than 6,000 installations in 2021. Beale and Coyle will continue their roles as managing partners, overseeing the company’s day-to-day operations, and each has a seat on the newly formed Board of Directors. TBC and Vigeo also have a seat on the board, and will serve as strategic partners for NGS as they navigate growth through acquisition.
“We are excited to partner with NGS to build upon NGS’ success and solidify their national leadership status,” says Tom Willingham, managing director at TBC.
Steven Folse, managing director of Vigeo, welcomes the partnership.
“The building security and energy efficiency markets are fast-growing verticals which will benefit from a continued focus on reducing energy consumption, building hardening and favorable regulatory drivers,” Folse says. “We are excited to partner with NGS and its best-in-class leadership team, which is equipped to scale and piece together a very fragmented market.”
The transaction closed on November 9, 2021. Terms of the transaction were not disclosed.