Ancor Capital Partners has sold Fleuron Enterprises, a maker of drapery hardware, to Rowley Company.
Fleuron Enterprises designs and manufactures high-end, premium decorative drapery hardware products that are used in the interior design market. Company owned brand names include The Finial Company, Paris Texas Hardware, Gould New York, and Components. The company was founded in 2005 and is headquartered in Dallas (www.fleuron.info) (www.thefinialcompany.com) (www.paristexashardware.com) (www.wwtgould.com).
“Over the course of our ownership, we were able to make two significant acquisitions, including Paris Texas Hardware and Gould, which transformed Fleuron from an entrepreneurial company to a professionally managed enterprise,” said Ray Kingsbury, Managing Director at Ancor. “It is gratifying to see the management team’s accomplishments and the recognition of their ability to contribute to a larger platform company with the opportunity with Rowley.”
Rowley Company is a manufacturer and international distributor of home décor products used for window covering design, fabrication and installation, quilting and upholstery. The company has more than 15,000 SKUs. Rowley was founded in 1962 by R.H. Rowley and has a 100,000 sq. ft. manufacturing, warehousing and headquarters facility in Gastonia, NC and a 10,000 sq. ft. warehouse in Las Vegas, NV (www.rowleycompany.com).
Ancor Capital Partners invests in companies with enterprise values of $25 million to $150 million that have EBITDAs from $5 million to $15 million. Sectors of interest include manufacturing, distribution, health care, consumer staples, and outsourcing. The firm is has offices in Southlake, TX and Dallas, TX (www.ancorcapital.com).
© 2016 Private Equity Professional • 8-10-16