Binswanger Enterprises LLC, doing business as Binswanger Glass, announced the acquisition of Illinois Glassworks LLC (Glassworks). Located in Glenview, Ill., and serving the Chicagoland market, Glassworks is an installer of custom shower enclosures, mirrors, table tops and architectural glass and glazing.
“We are excited to add a company of Glassworks’ abilities to the family here at Binswanger,” says Norm Plotkin, CEO and president of Memphis, Tenn.-based Binswanger Glass. “Their solid reputation in the marketplace is well deserved. The work ethic and model at Glassworks fits well within our operations at Binswanger. This acquisition signals the strategic growth of Binswanger Glass in new markets that are contiguous to our existing markets or otherwise provide an opportunity with a strong glass company in that market.”
Glassworks has been in operation since 1977 and has an extensive product line, offering solutions to almost any residential or commercial glass and glazing need.
“There are a lot of ways for us to grow,” Glassworks president Mac Hines told USGNN.com™ of the acquisition’s effect on his company. “We were a large organization, handling around 4,000 transactions a year for our customers, before the acquisition. Now, I think we’ll have even more power in the market place to offer new products and services to our existing customers and win many new customers as well.”
Glassworks will continue to operate under the Glassworks name, as a division of Binswanger Glass, offering its complete line of Arcadia and Glassworks products.
“Our architectural glass opportunities seem limitless,” says Hines. “We purchased Arcadia Residential Inc. in 2011 and that business has been really good for us. On commercial and residential glass projects, big and small, our team has really delivered – designing, fabricating and installing glass on some of Chicagoland’s most prestigious addresses.
“Again, we are very excited about joining the Binswanger team and feel it’s a wonderful opportunity for our customers, employees and vendors.”
Binswanger Glass, which is owned by Grey Mountain Partners, is headquartered in Memphis, and has 65 locations in Arkansas, Colorado, Connecticut, Georgia, Illinois, Kansas, Louisiana, Missouri, Nebraska, Oklahoma, North Carolina, South Carolina, Virginia, Tennessee and Texas.