PGT Innovations' stockholders approve proposed merger with MITER Brands
pgt-custom-windows-kitchen.jpg

Custom windows from PGT. The company's stockholders have voted to approve the proposed merger with MITER Brands. 

Photo By PGT Innovations

VENICE, Fla. — PGT Innovations' stockholders have voted to approve the definitive merger agreement with MIWD Holding Company LLC (Miter Brands) and an amendment to the Amended and Restated Certificate of Incorporation of the Company at a special meeting of the company’s stockholders.

The final voting results for the special meeting was filed in a Form 8-K with the U.S. Securities and Exchange Commission on March 18, 2024.

Under the terms of the definitive merger agreement, MITER Brands will acquire all of the outstanding shares of PGTI common stock for $42.00 per share in cash. The transaction will be financed in part by an equity investment from an affiliate of Koch Equity Development LLC, the principal investment and acquisition arm of Koch Industries, Inc., that is a current investor in MITER Brands. 

The transaction is expected to close later this month. Upon completion of the transaction, PGTI will become a privately held company, and its common stock will no longer be listed on any public market.

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Larry Adams | Editor

Larry Adams is a Chicago-based writer and editor who writes about how things get done. A former wire service and community newspaper reporter, Larry is an award-winning writer with more than three decades of experience. In addition to writing about woodworking, he has covered science, metrology, metalworking, industrial design, quality control, imaging, Swiss and micromanufacturing . He was previously a Tabbie Award winner for his coverage of nano-based coatings technology for the automotive industry. Larry volunteers for the historic preservation group, the Kalo Foundation/Ianelli Studios, and the science-based group, Chicago Council on Science and Technology (C2ST).