M&A Deal Summary

Bed Bath & Beyond Acquires Linen Holdings

On June 1, 2012, Bed Bath & Beyond acquired distribution company Linen Holdings from Heartwood Partners for 105M USD

Acquisition Highlights
  • This is Bed Bath & Beyond’s 1st transaction in the Distribution sector.
  • This is Bed Bath & Beyond’s 4th largest (disclosed) transaction.
  • This is Bed Bath & Beyond’s 5th transaction in the United States.
  • This is Bed Bath & Beyond’s 2nd transaction in New Jersey.

M&A Deal Summary
Date 2012-06-01
Target Linen Holdings
Sector Distribution
Buyer(s) Bed Bath & Beyond
Sellers(s) Heartwood Partners
Deal Type Add-on Acquisition
Deal Value 105M USD

Target

Linen Holdings

Gibbsboro, New Jersey, United States
website
Linen Holdings is a high service supplier of bath, bed and table linens and other textile products primarily on a replacement basis to small and mid-sized U.S. accounts in the hospitality, health care, government and school sectors.

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Buyer(S) 1

Buyer

Bed Bath & Beyond

Union, New Jersey, United States

website

Category Company
Founded 1971
Sector Retail
Employees32,000
Revenue 7.9B USD (2022)
DESCRIPTION
Bed Bath & Beyond storefront in Duluth, Minnesota.
Bed Bath & Beyond storefront in Duluth, Minnesota.

Bed Bath & Beyond is a retailer selling a wide assortment of domestics merchandise and home furnishings which operates under the names Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!, Harmon or Harmon Face Values, buybuy BABY and World Market, Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store, online, with a mobile device or through a contact center. In addition, the Company operates Of a Kind, an e-commerce website that features specially commissioned, limited edition items from emerging fashion and home designers, and One Kings Lane, an authority in home décor and design that offers a unique collection of select home goods, designer and vintage items. The Company also operates Linen Holdings, a provider of a variety of textile products, amenities and other goods to institutional customers in the hospitality, cruise line, healthcare and other industries. Bed Bath & Beyond was founded in 1971 and is based in Union, New Jersey.

DEAL STATS #
Overall 5 of 7
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 5 of 7
State (New Jersey) 2 of 2
Country (United States) 5 of 7
Year (2012) 2 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-09 World Market

Alameda, California, United States

World Market is a specialty retailer of casual home furnishings and entertainment products in the United States. The Company operates more than 250 stores under the names World Market, Cost Plus World Market, Cost Plus Imports, and World Market Stores in 30 states. World Market was formed in 1946 and is based in Alameda, California.

Buy $550M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-14 One Kings Lane

San Francisco, California, United States

One Kings Lane, Inc. is an online destination for the home, connecting daily design inspiration with top-brand, designer, and vintage items you won’t find anywhere else.

Buy -

Seller(S) 1

SELLER

Heartwood Partners

Norwalk, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1982
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Heartwood Partners is a private equity firm focused on partnerships with middle-market companies across the US. The Firm prefers to invest in family owned and managed companies where it can leverage strategic resources for long-term growth. Target companies are typically profitable with $5 to $30 million of EBITDA with up to $400 million in revenue. Sectors of interest include agriculture, automotive, consumer products, distribution, food, industrial services, niche manufacturing, packaging, and chemicals. Heartwood Partners was formed in 1982 and is headquartered in Norwalk, Connecticut.

DEAL STATS #
Overall 6 of 20
Sector (Distribution) 1 of 2
Type (Add-on Acquisition) 3 of 7
State (New Jersey) 1 of 3
Country (United States) 6 of 20
Year (2012) 2 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-04 Dayton Parts

Harrisburg, Pennsylvania, United States

Dayton Parts is a manufacturer and distributor of heavy-duty truck and trailer replacement parts. The Company manufactures aftermarket leaf springs and is a full-line distributor of heavy-duty undercarriage replacement parts, such as springs, brake and wheel-end suspensions, and steering components. Dayton Parts was founded in 1922 and is headquartered in Harrisburg, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-23 American Leather Operations

Dallas, Texas, United States

American Leather Operations is a designer and manufacturer of high-end, made-to-order, upholstered furniture sold through private label, retail, and hospitality channels. American Leather Operation was founded in 1990 and is based in Dallas, Texas.

Buy -
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