May 21, 2025
The transaction, which closed on April 30, 2025, marks a pivotal moment for Capital Glass, reinforcing its commitment to excellence under new ownership. GaP served as the exclusive advisor to Capital Glass throughout the process, ensuring a seamless transition and a strategic future for the company.
“This transaction marks the culmination of a multi-year advisory relationship that began in 2021, when we first partnered with Capital Glass,” said Matt Gilbert, Co-Founder of GaP. “It’s been a privilege to work alongside the Larkin family and their best-in-class management team, guiding them through this important transition and helping secure a strong future for the company under Palingen Capital Management. I’d like to extend special thanks to Evan Schwartzfarb for introducing me to Capital Glass, and to Josh Arrington for connecting me with the Palingen team—relationships like these are the foundation of successful outcomes.”
Founded in 1968, Capital Glass has earned its reputation as northern Nevada’s foremost provider of glass and glazing services. With deep industry expertise and a steadfast commitment to quality, the company has delivered exceptional results across projects ranging from custom residential installations to large-scale commercial developments.
“Partnering with Gilbert &Pardue and ultimately joining Palingen Capital Management represents a significant milestone for Capital Glass,” said a representative of the Larkin family. “We are grateful for the guidance and dedication provided by the GaP team throughout this process, and we are confident that Palingen’s stewardship will ensure the continued growth and success of our company while honoring the legacy our family has built.”
Founded by Ben Krauskopf and Brent Blonkvist, Palingen Capital Management is a mission-driven holding company committed to acquiring and stewarding enduring businesses with a legacy-focused approach.
“We are honored to welcome Capital Glass into the Palingen family,” said Brent Blonkvist, Co-Founder & Managing Principal of Palingen Capital Management. “The company’s legacy of exceptional service and craftsmanship aligns perfectly with our mission to steward enduring businesses for the long term. We look forward to building on the Larkin family’s achievements and investing in the people and values that have made Capital Glass a leader in its field.”
Throughout the transaction process, a team of trusted advisors played a critical role in ensuring a successful outcome.
“It was incredibly rewarding to help the Larkin family unlock the full value of what they’ve built over many decades,” said Bret Pardue, Co-Founder and Deal Team Leader at GaP. “Our team’s deep transaction experience, hands-on approach, and construction-related financial acumen ensured that every aspect of this process was handled with care and precision. We’re proud to have played a role in securing a bright future for Capital Glass and its employees, and to see the company’s legacy carried forward by Palingen Capital Management.”
GaP and Palingen extend special thanks to Steve Kesten of Boyar Miller, who served as lead counsel for GaP and the Larkins, Patrick Tobin, Andrea Egan, and Emma Grace Butler of Jackson Walker as counsel to Palingen; Shay Hisle, Ryan Speer, Brad Deghand, and Kevin Matthews of Marsh McLennan for their expertise as risk advisors to all parties.
GaP’s relationship with Capital Glass began in 2021, marking several years of collaboration and trust that led to this successful outcome.
Additionally, GaP extends its gratitude to Evan Schwartzfarb for introducing us to Capital Glass in 2021, as well as to Josh Arrington for connecting us with Brent Blonkvist in 2023 which was a key introduction that helped bring this transaction to fruition.
GaP Transaction Advisors
www.GaP-Advisors.com
Matt Gilbert, Founding Partner
713-304-1970 (m)
mgilbert@GaP-Advisors.com
Bret Pardue, Founding Partner
713-598-8632 (m)
bpardue@gap-advisors.com
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