Bunker Hill Capital has partnered with the founders and senior management team of ImportLA to recapitalize the company. Co-founders Michael Chen, Wen Wei, and Billy Chen remain significant owners of ImportLA and will continue their involvement in the day to day operations of the company.
ImportLA is a designer, manufacturer, distributor and marketer of tattoo furniture and supplies including needles, tips & grips, inks, machines, power supplies, gloves, and stencils. The company sells to the US, Canada, and European markets under the TATSoul brand name. ImportLA also designs and manufactures equipment for the pet grooming and spa/salon markets. The company is headquartered near Los Angeles in Baldwin Park, CA (www.tatsoul.com).
“The TATSoul brand is clearly the market leader for furniture and supplies within the body art industry,” said Brian Kinsman, Managing Partner at Bunker Hill Capital. “We are looking forward to partnering with ImportLA’s highly energetic founders and together taking advantage of the growth opportunities that exist both domestically and internationally.”
Bunker Hill makes control investments in lower middle market companies with EBITDAs between $5 million and $20 million, and enterprise values up to $120 million. Sectors of interest include industrial products, business services, consumer products, and specialty retail. The firm has offices in Boston and San Diego (www.bunkerhillcapital.com).
“We were impressed by Bunker Hill’s ability to understand quickly the nature of our business and industry and their proven history of assisting companies to develop and execute on a focused growth strategy. We are looking forward to working with them to continue driving innovation and building on our leadership position within the industry,” said Mr. Chen, Co-Founder and CEO at ImportLA.
© 2015 PEPD • Private Equity’s Leading News Magazine • 11-12-15