FHIA Acquires Mad City Windows and Baths

by Emily Blackburn

Nathan Richmon, President of Mad City Windows and Bath of Madison Wisconsin

FHIA Remodeling (“FHIA”), today announced the purchase of Mad City Windows and Baths (“Mad City”). Mad City is the largest specialty home remodeling company in Wisconsin. This is the second acquisition made by FHIA recently, following the purchase of Statewide Remodeling, one of the largest specialty contractors in Texas, in July 2019.

Backed by affiliates of York Capital Management, a multi-billion dollar investment firm, FHIA is creating a national network of leading remodeling service providers in their respective markets. Through the purchase of Statewide Remodeling, FHIA now has an established presence in TexasOklahomaArkansas, and Florida. The acquisition of Mad City extends FHIA’s reach into Wisconsin, with plans to expand across the Midwest region. As a result, FHIA is expected to have annual sales in excess of $300 million post-closing.

In 2019, Mad City Windows and Bath delivered over $65 million in annual sales, ranking as one of the 25 largest remodelers in the U.S. by Qualified Remodeling Magazine.

“Mad City Windows and Baths is a perfect addition to the FHIA platform. We have targeted companies that are leaders in their respective markets… Mad City is the brand name in home improvement in the state of Wisconsin. We look forward to adding them to our industry-leading portfolio of products, services, and partners,” said Mel Feinberg, founder, and CEO of FHIA.

A Top 500 Company Looks To Expand Legacy

Founded in 1998, Mad City Windows and Baths provides replacement windows and doors, and siding installation. Additionally, they provide roofing services, bathroom remodeling, and kitchen refacing services.

In 2019, the company delivered over $65 million in annual sales, ranking as one of the 25 largest remodelers in the U.S. by Qualified Remodeling Magazine. Mad City’s commitment to outstanding service has earned the company the #1 spot as the top-rated remodeler in Wisconsin for the last eight years.

Mad City provides siding and window installation services to homeowners across Wisconsin.

“We are incredibly excited about our new partnership with FHIA and York Capital Management. Our new partnership with FHIA will enable us to expand our business outside our home markets and bring our best-in-class product suite and customer service into other attractive markets across the Midwest,” said Nathan Richmond, President, and CEO of Mad City Windows and Baths.

The companies will retain their current organizational structures. In addition, with a focus on opportunities, there will be a push to provide an even broader portfolio of services to consumers.

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