Dynamic Glass

Dynamic Glass

Industry: Construction

Investment Date: March 2014

Headquarters: Houston, TX

Website: www.dynamicglass.com

Investment Overview:

Dynamic Glass (“Dynamic”) is a Houston-based glass and glazing company.  The company fabricates and installs glass, aluminum framing systems and metal panels in commercial construction projects and performs renovations of existing buildings in Houston, Dallas and surrounding areas.  Dynamic’s customers consist of many of Houston’s largest building contractors, including ten of the top 25 commercial building contractors in Houston.  The company has three operating divisions.  The Contract Division fabricates and installs exterior window systems primarily for new office buildings six to thirty stories.  The Lease Division installs glass frames for internal build-outs in commercial buildings.  The Metal Panels Division fabricates and installs composite metal panels used for shielding rain and for aesthetics on the exterior of buildings.  Dynamic owns 148,000 square feet of combined facility space in northwest Houston.

 

 Transaction Background:

Platform was introduced to Dynamic by a Houston-based executive. This introduction allowed Platform to develop a relationship with the founders / owners of Dynamic, Rick and Chuck Cieslewicz. We identified an opportunity to combine Dynamic’s outstanding customer relationships and long history of success with additional capital for geographic and service expansion and management resources to capitalize on the growing Texas market. Our investment allowed Rick Cieslewicz, Dynamic’s founder and President, to focus on growing the company’s presence in the Houston market through new customer relationships and additional services offered. Scott Coulter, a Platform investment professional, was one of the first additions to the Dynamic team, transitioning full time to serve as CFO after the transaction was closed.

Since Platform’s investment, the company has added a number of key employees and significantly expanded its facility to service its growing customer base. The new additions to the management team have added structure to the organization and have leveraged the existing experience and capabilities at Dynamic to further grow the business. Dynamic has also opened a Dallas office and expanded services into other regions of Texas. In addition, the company has added a metal panels product line to complement and expand its product offering.