MPE Partners has acquired DreamLine, a maker of showerdoors and other products. MPE partnered on this transaction with DreamLine’s founders Valery Shtraks, Michael Minkovich and Mike Korsky.
DreamLine is a designer, manufacturer, and marketer of a range of shower products including frameless glass shower doors, shower enclosures, tub doors, and acrylic shower bases. The company offers over 4,000 products across over 60 models. The company is based north of Philadelphia in Warminster, PA (www.DreamLine.com).
According to MPE, DreamLine’s manufacturing capabilities allow it to offer a large variety of stock shower doors that meet the style and appearance preferences of consumers, designers and builders, at a fraction of the cost of custom shower door options.
“The DreamLine brand, investment in product and process technology and global manufacturing, and fulfillment capabilities create a formidable combination in the marketplace,” said Joe Machado, a Partner at MPE.
MPE invests in lower middle market companies that are valued from $25 million to $150 million and have EBITDAs between $5 million and $20 million. Sectors of interest include high-value manufacturing and industrial services. The firm has offices in Cleveland and Boston (www.mpepartners.com).
LBC Credit Partners and the AEA Middle Market Debt Funds provided financing to support the transaction.
© 2017 Private Equity Professional | July 19, 2017