M&A Deal Summary

Ashley Furniture HomeStore Acquires Ashley Furniture

On March 30, 2018, Ashley Furniture HomeStore acquired retailer Ashley Furniture from Caltius Structured Capital

Acquisition Highlights
  • This is Ashley Furniture HomeStore’s 1st transaction in the Retail sector.
  • This is Ashley Furniture HomeStore’s 1st transaction in the United States.
  • This is Ashley Furniture HomeStore’s 1st transaction in Texas.

M&A Deal Summary

Date 2018-03-30
Target Ashley Furniture
Sector Retail
Buyer(s) Ashley Furniture HomeStore
Sellers(s) Caltius Structured Capital
Deal Type Add-on Acquisition
Advisor(s) Queen Saenz + Schutz (Legal)

Target

Ashley Furniture

New Braunfels, Texas, United States
website
Hill Country Holdings is a licensee and independent operator of the largest furniture retailer in the United States, Ashley Furniture HomeStores (“Ashley”). Ashley is the retail network of the world’s largest home furniture manufacturer, Ashley Furniture Industries. HCH was founded in 2002 and is based in New Braunfels, Texas.

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Buyer(S) 1

Buyer

Ashley Furniture HomeStore

Memphis, Tennessee, United States

website


Category Company
Sector Retail
DESCRIPTION

Dufresne Spencer Group sells furniture through 100 Ashley HomeStores and 4 Stash Home locations, delivered by its distribution centers and supported by nearly 3,500 team members across 12 states.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Caltius Structured Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Caltius Structured Capital is an investment firm focused on providing junior debt and minority equity to lower middle-market companies throughout North America. The Firm looks to invest between $7 to $50 million in companies with revenues of $15 to $250 million. The Firm pursues a variety of transaction types, including management buyouts, growth financings, and acquisition financings. Sectors of interest include business services, consumer products/services, healthcare services, manufacturing, tech-enabled services, and staffing. Caltius Structured Capital was formed in 1997 and is based in Los Angeles, California.


DEAL STATS #
Overall 28 of 32
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 10 of 10
State (Texas) 1 of 1
Country (United States) 28 of 32
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-14 Imagenet

Tampa, Florida, United States

Imagenet is a provider of outsourced paper-to-electronic (“P2E”) solutions for healthcare companies, retailers and a variety of other customers. Imagenet also provides claims adjudication services, claims audit, call center services and other customized outsourced services for its customers. The company processes over 40 million medical claims and over 175 million total documents per year from its processing centers and kiosks. Imagenet was founded in 2000 and is based in Tampa, Florida.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-12 Bulk Handling Systems

Eugene, Oregon, United States

Bulk Handling Systems is a designer, manufacturer and installer of premium conveying and screening systems for the solid waste and recycling materials processing industry. BHS develops and manufactures materials processing equipment for waste processing facilities. The company's systems sort solid waste and recyclable materials streams into resalable products. BHS' emphasis on reducing costs and improving processing efficiency for its customers has propelled it to the forefront of the materials processing industry and positioned the company as a leading global provider of recycling equipment. Bulk Handling Systems was founded in 1976 and is based in Eugene, Oregon.

Buy -