Lockeland Capital Partners Acquires Don Young Company

Nashville, TN – September 2, 2025 – Lockeland Capital Partners (“Lockeland”), a private investment firm focused on acquiring lower middle-market manufacturing, distribution and services businesses, announced that it has partnered with management, Source Capital, and other investors to acquire Don Young Company, Inc. (“DYC” or the “Company”), a 47-year-old, market-leading manufacturer of premium windows and storm doors.  Terms of the transaction were not disclosed.

Led by CEO Patrick Frost and based in Dallas, Texas, DYC serves more than 1,100 customers through five branches across Texas and Oklahoma.  Key product categories include thermal-break aluminum and vinyl windows, storm windows and doors, and aluminum patio doors.  The Company primarily serves the residential replacement market through a large network of independent installers, with additional exposure to light commercial applications.

“What stood out to us about DYC was the quality manufacturing, reliable lead times, and branch-led service model that has earned customer loyalty over the past four decades” commented Phil Gamble, Partner at Lockeland Capital.  “DYC has built an exceptional reputation with its customers, and we’re excited to partner with Patrick and the team as they enter the next chapter of growth” added Andrew Ginsberg, Partner at Lockeland.

“Our leadership team chose to partner with Lockeland because they bring the resources and experience to help us grow while giving us the autonomy to execute,” said Patrick Frost, Chief Executive Officer of DYC.  “They understand our business, share our commitment to product excellence, and can help us scale without losing sight of what has made DYC a trusted partner to our customers for almost 50 years.”

Bulkley Capital, LP served as financial advisor to Don Young Company and Holland & Knight LLP served as legal counsel to Lockeland.

About Lockeland Capital Partners

Based in Nashville, TN, Lockeland Capital Partners acquires well-established, lower-middle-market manufacturing, distribution, and service businesses.  In most acquisitions, Lockeland partners with tenured, internal successors to buy out retiring owners.  Lockeland’s principals leverage 20+ years of combined investing and operating experience to provide strategic guidance and resources, while enabling seasoned leaders to lead the execution of their vision.  For more information, visit the firm’s website at lockelandcapital.com.

About Source Capital, LLC

Source Capital is an Atlanta, GA based private investment firm that has been providing flexible equity and debt capital to lower middle market companies for over 20 years.  The firm has a value-added investing approach that brings (i) patient capital focused on long-term value creation; (ii) collaborative partnerships with management teams, founders/owners, private equity investors and independent sponsors; and (iii) strategic and operational resources to its portfolio companies.  For more information, please visit the firm’s website at source-cap.com.

About Don Young Company

The Don Young Company was founded in 1978 in Dallas, TX and is a leading manufacturer of thermally broken aluminum replacement and new construction windows and doors, aluminum storm windows and doors, and vinyl replacement and new construction windows and doors.  All of DYC’s products are designed for energy-efficient performance throughout the region and are manufactured to custom-size specifications. The Company offers appealing options in glazing and accessories, including a full selection of unique installation accessories. For more information, please visit the Company’s website at dycwindows.com.