Newly formed investment vehicle, DW3 Products Group, has acquired Window Widgets and Eclectic Systems from Dan Gill.
Window Widgets was founded in 2004 and has reportedly become ‘the first port of call’ for key components for the window, door and conservatory sectors; while Eclectic Systems is best known for developing the fast-growing Residence 9 window system.
The acquisitions bring the total number of companies within the DW3 Products Group to four, with the new additions sitting alongside Solidor and Nice Door Panels. Each business shares similar distribution channels, which is said to enhance the Groups’ geographical reach and distribution capabilities.
Gareth Mobley, CEO of DW3 Products Group, commented: “This is fantastic news and an incredibly exciting investment for us. Under Dan’s stewardship, R9 has grown exponentially over the last three years and Window Widgets has become hugely important as an industry favourite for fabricators from all corners of the UK and Ireland. Dan has an exceptional talent for developing truly game-changing products. The combination of our know-how and shared passion to re-define the industry we know so well, creates significant potential for the Group.”
With immediate effect, Dan Gill will take up the role of CEO of the DW3 Group Window Division and sit on the main DW3 board. Dan commented: “This is an incredibly exciting investment for us and one that has considerable scope for development. It means that we can fast track some new product launches and blossom into a fully-fledged systems house, as we build the wider group through organic growth and acquisition. I am really looking forward to joining the board of DW3 and to working alongside Gareth and the great team that’s been assembled.”
Gareth commented: “The introduction of Dan as the CEO for the Window Division will provide us with prodigious expertise in terms of product design and engineering. This investment will have a transformational effect on the group and we hope, on the wider industry. We have a lot up our sleeves, so installers and fabricators can look forward to more revolutionary products in the near future.”
DW3 Products Group, with the backing of NorthEdge Capital, has firm plans in place for additional investments during the course of 2015, and beyond. The Group says that with four acquisitions in four months, ‘the benchmark has been set’.