#USA #River Associates #Chattanooga #SFG #Victor Capital

River Associates Sells Specialty Fenestration Group to Victor Capital Partners

On February 24, 2026, River Associates Investments, L.P., a prominent private equity firm located in Chattanooga, Tennessee, announced the completed sale of its portfolio company, Specialty Fenestration Group (SFG), to Victor Capital Partners. This significant transaction was not publicly detailed regarding its financial specifics but marks a notable shift in the strategy for both companies involved.

Specialty Fenestration Group, headquartered in Houston, Texas, operates as a specialized fenestration platform that encompasses two leading brands: Quikserv and United States Bullet Proofing (USBP). With both brands having over three decades of market leadership, SFG provides essential products such as high-security windows, doors, louvers, and transaction systems. Its diverse clientele serves various sectors, including quick-service restaurants, pharmacies, financial institutions, government facilities, educational institutions, healthcare providers, and other environments requiring advanced security measures.

Building a Partnership for Growth

The partnership between River Associates and Quikserv began in March 2018 when River Associates acquired Quikserv, uniting efforts to foster growth and innovation in the company. Under this collaboration, River Associates played a pivotal role in expanding SFG's footprint in high-security applications. Notably, in May 2021, they facilitated SFG's strategic acquisition of USBP, uniting both brands under the SFG umbrella. This integration aimed to streamline customer access, enhance operational efficiency, and foster collaborative product development and manufacturing initiatives.

River Associates empowered SFG to modernize its organizational structure by investing in leadership resources and operational capacities, laying the groundwork for sustainable growth. CEO and founder Jason Epps of SFG expressed gratitude toward River Associates, emphasizing their integral role in introducing strategic insights and resources that supported the company's vision and culture.

Notable Achievements

Throughout their partnership, SFG witnessed impressive performance, including a fourfold increase in sales and EBITDA. Stuart Vyule, Principal at River Associates, remarked on the accomplishments achieved by SFG's leadership team, highlighting their excellent execution in driving organic growth and successfully integrating new customers as well as acquisitions.

Looking Ahead with Victor Capital

As Victor Capital Partners steps in, both Epps and River Associates shared their confidence in the future trajectory of SFG, stating they are excited about building on the solid foundation established during their tenure. The transition to Victor Capital now opens new opportunities for SFG's continuing evolution in the fenestration industry.

The conclusion of this transaction signifies not only a successful chapter for River Associates and SFG but also sets the stage for future developments in the high-security fenestration market. As they transition into a new phase under Victor Capital Partners, all eyes are on SFG to see how they will leverage their strength and expertise to pursue further growth and innovation.

About River Associates

River Associates Investments is a private equity firm that has devoted over 35 years to investing in the lower middle market. They focus on companies within the U.S. and Canada, assisting in driving value through strategic partnerships, operational improvements, and rigorous resource management. Since their founding in 1989, River Associates has successfully completed numerous transactions, creating a significant impact across multiple industries.

For more information, visit River Associates or contact them directly.