Town & Country Holdings, a portfolio company of H.I.G. Capital, has completed two add-on acquisitions with the buys of Home Dynamix and Amalgamated Textiles USA.
Home Dynamix is a designer and supplier of rugs, mats, bedding, bath mats and decorative home products. The company’s products are sold under licensed brands and private label programs and are sourced from third-party manufacturers.
Home Dynamix’s customers include Home Depot, Sam’s Club, Bed Bath & Beyond, HomeGoods, Overstock and Wayfair. The company was founded in 1986 and is headquartered in North Arlington, NJ (www.homedynamix.com).
Amalgamated Textiles USA designs, manufactures and distributes window treatments and related hardware to major brick and mortar and e-commerce retailers throughout the United States, Canada and Europe. The company is headquartered in Montreal.
Town & Country Holdings was formed by H.I.G. in January 2018 to acquire Town and Country Living (T&C), a supplier of kitchen textiles, table linens, bath textiles, performance and decorative rugs and mats, and other home products to retailers throughout North America. T&C’s customer base includes Bed Bath & Beyond, Big Lots, Bloomingdales, Costco, Kroger, Macy’s, Marshalls, Meijer, Nordstrom, Walmart and TJ Maxx. The company’s products are sold through both licensed brands and private label programs. T&C is led by CEO David Beyda and is headquartered in Lakewood, NJ (www.tncliving.com).
“We are extremely excited to materially expand T&C’s customer base and product offerings so quickly after our initial investment,” said H.I.G. Managing Director Todd Ofenloch. “Both Home Dynamix and Amalgamated Textiles bring significant management experience, product expertise, and successful track records that immediately bolster T&C’s efforts to execute on our long-term strategy to grow T&C into a diversified, multi-channel and multi-product leader.”
H.I.G. specializes in providing capital to small and medium-sized companies and invests in management-led buyouts and recapitalizations of manufacturing and service businesses. H.I.G. has more than $25 billion of capital under management. The firm is based in Miami with additional offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, Atlanta, London, Hamburg, Madrid, Milan, Paris, Bogotá, Mexico City and Rio de Janeiro (www.higcapital.com).
© 2018 Private Equity Professional | July 25, 2018
