BV Investment Partners has made an investment in C.F. Stinson, a designer and marketer of textiles used in the commercial interiors industry.
BV is investing in partnership with Keith and Glenn Stinson, the third generation of family ownership, who will continue to run the business and maintain a significant ownership interest in the company. “As third-generation family owners, my brother and I were careful in selecting a financial partner that aligns with our culture, values and vision for the future. It is clear to us we have found this in BV and we look forward to collaborating with the BV team to continue to accelerate the growth of C.F. Stinson,” said Keith Stinson, President and CEO.
Central to C.F. Stinson’s business strategy is a patented, technology-enabled sample system developed by its wholly owned subsidiary, Sample Technologies. This system allows customers to access Stinson’s fabrics, and order samples which are integral to the design and specification process. C.F. Stinson was founded in 1952 and is based in the Detroit suburb of Rochester Hills (www.cfstinson.com).
In September 2014, BV Investment Partners held a final close of BV Investment Partners Fund VIII with $487 million of committed capital. “Stinson is the Fund VIII’s third investment with a tech-enabled distribution theme and has a number of attractive characteristics that align well with BV’s investment strategy and philosophy. The company is mission critical to its suppliers and customers, uniquely positioning it within the textile supply chain,” said Andrew Davis, Managing Director of BV. “Furthermore, Stinson serves diverse commercial markets including the attractive hospitality and healthcare industries, with a substantial percentage of its business derived from the growing demands of the US healthcare delivery industry.
BV Investment Partners makes investments in companies active in the information and business services, and communications industries. Since its founding in 1983, the firm has invested over $2.7 billion in more than 84 companies. BV Investment Partners is headquartered in Boston (www.bvlp.com).
© 2016 Private Equity Professional • 6-23-16