Kalisher, a portfolio company of LongWater Opportunities since February 2018, has acquired Soho Myriad, a consultant, curator, and manufacturer of custom art packages.
Soho Myriad’s art packages are sold to hospitality, luxury, cruise line and high-end commercial projects. The company’s services include consulting, fabrication, printing and framing. Soho Myriad was founded in 1995 and is headquartered in Atlanta (www.sohomyriad.com).
“Kalisher and Soho Myriad are natural complements,” said Janie Stanfield, president and co-founder of Soho Myriad. “We’re excited by the many opportunities, professional and creative, that will undoubtedly emerge from this partnership.”
Kalisher is a creator, curator, and manufacturer of art for the commercial hospitality, healthcare, and corporate sectors. The company’s customers include virtually all the industry leaders in the hotel and luxury resort industries. The company, led by CEO David Winton, designs and manufactures its art products in a variety of media and has more than 100 employees at its print studio and production facility in Carrboro, NC (www.kalisher.com).
“This is an extraordinary opportunity to now partner and collaborate with the immense talent and experience of Soho Myriad,” said Mr. Winton. “The joining of our two companies brings Soho Myriad’s deep experience of producing with outside fine artists into harmony with Kalisher’s team of in-house artists and art curators. We now offer an unprecedented and unmatched global art company that combines our collective of creative professionals and artists, affordable custom art fabrication and framing, and an exclusive network of fine artists.”
LongWater Opportunities is an operationally-focused firm that makes control equity investments in lower middle market US-based manufacturing companies that have EBITDA from $2 million to $10 million and enterprise values from $10 million to $50 million. LongWater was founded in 2009 by Jordan Bastable and Brooks Burgum and is based in Dallas with an additional office in Fargo, ND (www.longwateropportunities.com).
“We are excited to bring two great businesses together that share a common goal; create and curate great art for everyone,” said Mr. Bastable. “The Kalisher acquisition of Soho Myriad presents an extraordinary opportunity for growth and development for these two successful, passionate and creative companies and their employees.”
The buy of Soho Myriad is the seventh investment made by LongWater’s second equity fund, LWO Fund II LP, which closed in April 2016.
© 2019 Private Equity Professional | March 14, 2019