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In March 2005, FdG Associates led the recapitalization of Temperance, Michigan-based Sunrise Windows, a leading manufacturer and distributor of custom vinyl windows and patio doors. The transaction was structured to allow the Company's co-founder and president to achieve significant liquidity and the opportunity to maintain a meaningful equity stake in the Company on a tax deferred basis. The Company's primary market is in premium replacement windows and patio doors, distributing its products through specialty window dealers, home improvement contractors and building products distributors.
Sunrise will continue its strategy of aggressively leveraging its strong manufacturing and sales platform to further penetrate its core markets, while simultaneously entering new geographic regions with its diverse array of high quality window and patio door products and high levels of customer service. As vinyl windows continue to gain share in the replacement window market, the Company will be well positioned to capitalize on the conversion from traditional materials such as wood and aluminum due to its dedication to quality, service and meeting the demanding needs of its customers. Sunrise is also pursuing opportunities to broaden its product line and enhance its sales and marketing programs in order to maintain its leadership as a "total solutions provider" for its target markets.
