Fenzi Group Acquires Thermoseal to Expand Insulated-Glass Spacer Range

Arsenal Capital Partners Provides Growth Capital to Fenzi Group

April 6, 2021

Manufacturing

Arsenal Capital Partners has provided additional growth capital to Fenzi Group to accelerate the company’s global expansion, increase capacity and R&D, and support strategic acquisitions. Fenzi will remain independent with CEO Alessandro Fenzi continuing to lead the business focused on chemicals and products for flat glass processing.

M3 Glass Technologies Acquires Thermotec Glass

May 20, 2022

Building Products

M3 Glass Technologies has acquired Thermotec Glass, a Georgetown, Texas-based insulated glass manufacturer founded in 1995. M3 — a portfolio company of private equity firm LongWater Opportunities — will retain owner Luis Najarro and Thermotec’s management team and expand M3’s capabilities by adding a state-of-the-art insulated glass line at the Georgetown facility.

Fenzi Group Acquires Johnson Matthey's Advanced Glass Technologies (AGT)

November 24, 2021

Manufacturing

Fenzi Group completed the acquisition of Johnson Matthey’s Advanced Glass Technologies (AGT) business, a global provider of specialist glass enamels and precious metal pastes serving automotive, architectural, home appliance and hollow glass markets. The deal (announced November 24, 2021 and completed January 31, 2022) expands Fenzi’s product capabilities and strengthens its position as a leading, full-service chemicals partner to the glass processing industry.

Fondo Italiano and TEC Glass Acquire Isoclima Group from Stirling Square

January 12, 2026

Building Products

A consortium of financial investors led by Fondo Italiano d'Investimento SGR and TEC Glass (an independent vehicle sponsored by The Equity Club) has acquired Isoclima Group. The transaction represents Stirling Square Capital Partners' exit after a period in which Isoclima doubled revenues and expanded internationally; Isoclima is a global leader in advanced transparent and specialty glass solutions headquartered in Este, Italy.

LongWater Opportunities Acquires Thermotec Glass

July 5, 2023

Building Products

LongWater Opportunities, a Dallas- and Fargo-based private equity firm, has acquired Thermotec Glass, a Georgetown, Texas-based fabricator of custom insulated and interior glass products. The deal is the first add-on to Glass Fab Holdings and LongWater portfolio company M3 Glass Technologies and is intended to expand product capabilities and grow wallet share with glaziers and installers across Central and South Texas; the seller was Thermotec's founder, Luis Najarro.

Installed Building Products Acquires WeatherSeal Insulation Co., LLC

November 16, 2020

Building Products

Installed Building Products, Inc. (NYSE: IBP) has acquired WeatherSeal Insulation Co., LLC, a Charlottesville, Virginia-based provider of fiberglass and spray foam insulation for residential customers. The acquisition (approximately $6.4 million of annual revenue) expands IBP's presence in Virginia and adds to its ongoing roll-up strategy of insulation and complementary building-product installers.