Cotton Creek Capital has acquired Royal Baths Manufacturing Company. The acquisition was completed through the firm’s second private equity fund, Cotton Creek Capital Partners II, LP.
Royal is a developer, manufacturer, and marketer of acrylic and cultured marble bathroom products, including soaker and whirlpool bathtubs, vanity tops, sinks, shower walls and bases. The company was founded in 1969 and has manufacturing operations in Houston (headquarters) and Dallas (www.royalbaths.com).
“For over 40 years, Royal has built its leadership position with a steadfast focus on servicing the demanding requirements of the nation’s homebuilders. Through service and quality, Royal has become the product of choice within the Texas and Florida residential construction markets. We are excited to partner with the management team at Royal to provide resources in support of continued growth,” said Cotton Creek Managing Director, Antonio DiGesualdo.
The acquisition of Royal represents Cotton Creek’s second Fund 2 platform investment. Earlier this year the firm acquired Chain Electric Company, a regional provider of power line installation and maintenance services. Chain Electric is based in Hattiesburg, MS (www.chainelectric.com).
Cotton Creek Capital invests in lower middle market companies in manufacturing, value-added distribution, industrial services, business services, healthcare services and consumer staples. The firm invests in companies with enterprise values between $15 million and $200 million, partnering with management teams on a variety of transactions, including buyouts, recapitalizations, buy-and-builds, and corporate divestitures. Cotton Creek Capital is affiliated with Brownlie & Braden, a provider of financial advisory services to high net worth families. The firm is based in Dallas (www.cottoncreekcapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-16-13