05:23 AM EDT, 03/19/2024 (MT Newswires) -- PGT Innovations ( PGTI ) said late Monday that its stockholders voted to approve a merger with MIWD Holding Company.

As part of the deal, MIWD, a residential window and door manufacturer, will acquire all of the outstanding shares of PGTI for $42 apiece in cash.

An indirect equity investment from an MIWD investor will finance a part of the acquisition.

The deal will likely close later this month, making PGTI, a supplier of windows, doors and garage doors, a privately held company.