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The AZEK Company Inc. has acquired StruXure Outdoor, Inc., a leading manufacturer of aluminum pergolas and cabanas out of Georgia.
“We are excited to announce AZEK’s acquisition of StruXure as we expand into this natural market adjacency and continue to build leading positions across the large and growing outdoor living category,” said Jesse Singh, CEO of The AZEK Company. “Pergolas and cabanas are a nearly $1 billion market opportunity and StruXure, along with our TimberTech products, adds another element to homeowners’ creation of beautiful, low maintenance, and sustainable outdoor living spaces.”
StruXure had net sales of approximately $50 million in 2021 and was named to the Inc. 5000 Fastest-Growing Private Companies list for the seventh consecutive year.
“We believe this acquisition will leverage the collective strengths of both StruXure and TimberTech, enabling synergies that will provide our customers with a more complete outdoor living solution, while expanding StruXure’s margins over time and ultimately driving accelerated growth for both AZEK and StruXure,” Singh said.
“As custom deck builders, we’re long-time believers in both brands because of their unique differentiation, beauty, and functionality,” Mark King, owner of Infinite Decks in Minnesota said. “StruXure’s pergolas and cabanas are highly complementary to TimberTech, and perfectly complete the outdoor living spaces our customers desire most,” King added
StruXure will operate as a wholly owned subsidiary of The AZEK Company and Scott Selzer, Founder and CEO of StruXure, will continue to lead StruXure’s day-to-day operations. AZEK estimates that StruXure will generate approximately $40 million of revenue for the remainder of AZEK’s fiscal 2022.