Golden Gate Capital Completes Acquisition Of Springs Window Fashions  


June 4, 2013


San Francisco, CA (June 4, 2013) – Golden Gate Capital announced today that it has successfully completed its acquisition of Springs Window Fashions (“Springs”), the second largest provider of custom window covering products in the world, from Heartland Industrial Partners and interests of the Close Family.


Springs manufactures and sells custom and stock window coverings and drapery hardware to retail and commercial customers, as well as independent designers, franchisors and decorators. The company was founded in 1939 and has over 4,800 employees across nine facilities throughout North America.

Springs will remain headquartered in Middleton, Wisconsin, and its current management will continue to lead the company and have a minority ownership position.


BofA Merrill Lynch served as financial advisor to Golden Gate Capital on this transaction, and Kirkland & Ellis LLP served as Golden Gate Capital’s legal advisor. J.P. Morgan served as financial advisor to Springs. The Bond financing for the transaction was led by J.P. Morgan Securities and BofA Merrill Lynch, with GE Capital providing a new ABL facility.


About Springs Window Fashions

Headquartered in Middleton, Wisconsin, Springs is the second-largest global manufacturer and distributor of window coverings. With its highly recognized Bali and Graber brands, the company is a leader in combining interior comfort, energy efficiency, convenience and design. Through its complex, integrated manufacturing, logistics, and supply-chain processes, Springs ships thousands of custom products on a daily basis to more than 10,000 unique points of distribution in North America. For more information, visit