M&A Deal Summary

The Stephens Group and Monroe Capital Acquire Mitchell Gold + Bob Williams

On December 17, 2014, family office The Stephens Group and lender Monroe Capital acquired furniture company Mitchell Gold + Bob Williams from Granite Bridge Partners

Acquisition Highlights
  • This is The Stephens Group’s 1st and Monroe Capital’s 2nd transaction in the Furniture sector.
  • This is The Stephens Group’s 36th and Monroe Capital’s 50th transaction in the United States.
  • This is The Stephens Group’s 1st and Monroe Capital’s 3rd transaction in North Carolina.
Investment Fate
  • Mitchell Gold + Bob Williams went bankrupt in 2023.

M&A Deal Summary
Date 2014-12-17
Target Mitchell Gold + Bob Williams
Sector Furniture
Buyer(s) The Stephens Group
Monroe Capital
Sellers(s) Granite Bridge Partners
Deal Type Secondary Buyout
Advisor(s) Piper Jaffray Companies (Financial)
Orrick (Legal)

Target

Mitchell Gold + Bob Williams

Taylorsville, North Carolina, United States
website
Mitchell Gold + Bob Williams is a manufacturer of high-quality furniture in the U.S. The company's innovative and stylish products are sold in many of the country's specialty home furnishings retailers, catalog retailers, and the company's signature stores. Mitchell Gold + Bob Williams was founded in 1989 and is based in Taylorsville, North Carolina.

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Buyer(S) 2

Buyer

The Stephens Group

Little Rock, Arkansas, United States

Investor Investor Investor Investor Investor

website

Category Family Office
Founded 1933
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Stephens Group is a private investment firm focused on long-term investments in mid-sized companies. The Firm looks to partner with management teams when pursuing acquisitions. Sectors of interest include energy, energy services, business services, industrials, consumer products, consumer services, financial services, healthcare, technology, media, and communications. The Stephens Group was originally established in 1933 and is headquartered in Little Rock, Arkansas.

DEAL STATS #
Overall 39 of 50
Sector (Furniture) 1 of 1
Type (Secondary Buyout) 7 of 10
State (North Carolina) 1 of 1
Country (United States) 36 of 47
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-10 TierPoint

St. Louis, Missouri, United States

TierPoint is a provider of data center colocation, internet connectivity, managed services, cloud services, and disaster recovery services. TierPoint was founded in 2010 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Coda Petroleum

Calgary, Alberta, Canada

Coda Petroleum, Inc. is a private junior oil and gas company focused on the exploration and development of oil prospects in the WCSB. Coda Petroleum is based in Calgary, Alberta.

Sell -
Buyer

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago.

DEAL STATS #
Overall 50 of 103
Sector (Furniture) 2 of 2
Type (Secondary Buyout) 5 of 11
State (North Carolina) 3 of 5
Country (United States) 50 of 102
Year (2014) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-18 Venture Technologies

Ridgeland, Mississippi, United States

Venture Technologies, Inc. is an IT solutions provider that delivers infrastructure solutions, collaboration solutions, and cloud-based services to both private and public sector organizations. Venture Technologies also owns and operates certified Data Centers (VTCloud) across the United States from which it provides a comprehensive suite of cloud services to thousands of domestic and international customers. Venture Technologies was founded in 1986 and is based in Ridgeland, Mississippi.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Data Physics

San Jose, California, United States

Data Physics Corporation designs and manufactures test and measurement equipment and software for acoustic testing, machinery diagnostics, shock and drop testing, structural vibration testing, and shaker testing applications.

Sell -

Seller(S) 1

SELLER

Granite Bridge Partners

New York, New York, United States

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2018
Size Mega
Type Sector Agnostic
DESCRIPTION

Granite Bridge Partners is a private equity firm focused on control investments in mid-sized companies operating in traditional industries. The Firm looks to commit $10 to $30 million in profitable companies with up to $100 million in revenue. Broad areas of interest include consumer products/services, business services, and niche manufacturing. Granite Bridge Partners is the former direct investing unit of Wafra Partners and was spun out in 2018. The Firm is based in in New York City.

DEAL STATS #
Overall 3 of 12
Sector (Furniture) 1 of 1
Type (Secondary Buyout) 1 of 4
State (North Carolina) 1 of 1
Country (United States) 2 of 10
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-01 Integrated Cable Assembly Holdings

Nogales, Mexico

Integrated Cable Assembly Holdings is a manufacturer of wire harnesses, cable assemblies and electromechanical assemblies, offering turn-key manufacturing services through its U.S. and Mexican facilities to domestic and international customers. Integrated Cable Assembly Holdings is based in Nogales, Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-14 Advanced Sleep Concepts

Rome, Georgia, United States

Advanced Sleep Concepts, Inc. was a manufacturer of promotional, premium and ultra-premium mattresses and box springs. Advanced Sleep Concepts was formed in 1894 and was based in Rome, Georgia.

Sell -
Mergr

Product

Company

Legal