Harmon Enters into Agreement to Purchase AwallS

MINNEAPOLIS-Specialty glazing contractor Harmon Inc., a subsidiary of Apogee Enterprises Inc. and part of Apogee’s architectural segment, entered into a definitive agreement to purchase the assets of Architectural Wall Solutions Inc. (AWallS), based in the Chicago suburb of Bolingbrook, Ill. AWallS is the ninth largest commercial glass installation business in the United States. This transaction is part of Apogee’s strategy to strengthen and grow its architectural business segment and was expected to close by the end of December, subject to customary conditions. Terms were not disclosed.

The acquisition is currently expected to add approximately $25 million in annual revenue to Harmon. The purchase will include AWallS’ backlog of business, which is primarily in the Chicago and Seattle markets, where it has operations. Also, Harmon intends to hire the AWallS staff, including two AWallS executives, Dennis Pilkinton and Tom Niepokoj, and other operations, sales and project management personnel.

Harmon currently serves 13 markets in the U.S. and anticipates growth and market penetration through this acquisition. With AWallS’ presence in the Northwest and customers in such cities as Boston and Miami, Harmon also has the potential for future geographical expansion.

“This acquisition will enable Harmon to reach more customers in more locations, further strengthen our management team and enhance our operations,” noted Chuck Mowrey, president of Harmon Inc.