SOURCE: AV Capital; Kovach Building Enclosures

AV Capital; Kovach Building Enclosures

January 13, 2016 07:00 ET

Kovach Building Enclosures Partners With AV Capital, Continues Record Growth

Arizona-Based Provider of Building Enclosure Solutions Receives Significant Private Equity Investment, Facilitates Growth Nationwide

PHOENIX, AZ--(Marketwired - Jan 13, 2016) - Kovach Building Enclosures, a leading provider of customized building enclosure solutions offering design, manufacturing, and installation services in the commercial building industry, is pleased to announce that it has received a significant private equity investment from AV Capital to facilitate the company's growth nationwide. Based in Chandler, Arizona, Kovach provides turnkey solutions for exterior façades on high profile projects across the country.

Kovach will continue to be led by Chief Executive Officer Scott Bourdo, and President Stephen Kovach V, who, in conjunction with the rest of their senior leadership team, have been responsible for Kovach's exceptional growth in recent years. Additionally, Mr. Bourdo and Mr. Kovach will continue to hold significant ownership positions in the Company.

"We were impressed with the AV Capital team," stated Kovach Chief Executive Officer Scott Bourdo. "Kovach has a relationship-oriented culture, a passion for innovation, and a focus on providing quality products and services to our clients. AV Capital's team has a like-minded approach to partnership, a genuine respect and appreciation for our culture, and an impressive track record of success in supporting entrepreneurs to build category-defining companies."

Kovach President Stephen Kovach V added, "We are in our 47th year of business and feel like it's just the beginning of our growth story. AV Capital understands the collaborative nature of our business and has embraced our vision to make Kovach a total solutions provider in the commercial building envelope space. We're proud to partner with a firm that has a focus on taking businesses like ours to the next level."

AV Capital Partner Dave Alter added, "We are thrilled to complete this significant equity investment in Kovach. Kovach is an impressive company that fits squarely within AV Capital's strategy of partnering with talented management teams to transition well-run middle market companies to institutional ownership and drive growth. We are proud to partner with CEO Scott Bourdo and President Stephen Kovach V at an important inflection point in the company's history, and to provide strategic and financial resources in support of management's long term vision for redefining the building enclosure market on a national scale."

Kovach has been one of the fastest growing firms in the building enclosure industry, and management is committed to building upon this success by further expanding the company's services and geographic presence, including pursuing strategic acquisitions. The significant equity investment by AV Capital will support Kovach in more aggressively pursuing these growth initiatives, with a specific focus on the expansion of the company's ongoing manufacturing and installation services in Arizona, Texas, California, and Tennessee.

About Kovach Building Enclosures
Established in 1969 as a sheet metal subcontractor, Kovach has become one of the nation's largest integrated designers, manufacturers, and installers of high quality cladding and glazing systems for commercial building enclosures. As a leading provider of customized building enclosure solutions, Kovach offers a complete line of services to meet the most demanding design applications for projects in the higher education, healthcare, municipal, commercial, sports arena, and airport end markets. For more on Kovach, visit: www.kovach.net

About AV Capital
AV Capital is an Austin-based private equity firm that makes control investments in entrepreneurial middle market companies as the first-time institutional investor. AV Capital is focused exclusively on partnering with talented management teams to transition closely-held middle market companies to institutional ownership and accelerate growth. As relationship-oriented investors, AV Capital brings a patient approach and a long term investment perspective to building market leading companies. Business owners have chosen to partner with AV Capital because of its strong values and culture, its extensive investment experience and network of relationships, and its history of success in supporting the vision of entrepreneurial management teams. For further information about AV Capital, please visit www.av.capital.