M&A Deal Summary

3Z Brands Acquires Southerland

On December 16, 2024, 3Z Brands acquired consumer products company Southerland from Argosy Private Equity

Acquisition Highlights
  • This is 3Z Brands’ 3rd transaction in the Consumer Products sector.
  • This is 3Z Brands’ 3rd transaction in the United States.
  • This is 3Z Brands’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2024-12-16
Target Southerland
Sector Consumer Products
Buyer(s) 3Z Brands
Sellers(s) Argosy Private Equity
Deal Type Add-on Acquisition

Target

Southerland

Nashville, Tennessee, United States
Southerland is a mattress manufacturer servicing the Southeast, Southwest, and Midwest regions of the United States. Southerland was founded in 1893 and is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

3Z Brands

Glendale, Arizona, United States

Category Company
Founded 1995
Sector Manufacturing
DESCRIPTION

3Z Brands is a vertically-integrated manufacturer, direct-to-consumer brand portfolio, wholesaler, and retailer of award-winning sleep products. 3Z operates a portfolio of best-in-class sleep brands including Helix Sleep, Brooklyn Bedding, Birch, and Bear Mattress. 3Z Brands was formed in 1995 and is based in Glendale, Arizona.


DEAL STATS #
Overall 3 of 3
Sector (Consumer Products) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Tennessee) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-15 Leesa

Virginia Beach, Virginia, United States

Leesa sources high-quality materials produced in America to meticulously craft a suite of sleep products built for exceptional comfort and support. The company's products and community impact have made it one of the most well-known and beloved direct-to-consumer ("DTC") sleep brands. Leesa was formed in 2014 and is based in Virginia Beach, Virginia.

Buy -

Seller(S) 1

SELLER

Argosy Private Equity

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 575M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argosy Private Equity is the private equity arm of Argosy Capital, an asset management firm. Argosy Private Equity provides both debt and equity capital to lower middle-market companies located throughout the US. Argosy focuses on growth companies with experienced management teams and revenues between $15 and $100 million and EBITDA of $3 to $9 million. Argosy looks to invest $5 - $20 million per transaction. Specific areas of interest include manufacturing, business services, franchising and Value added distributions. The Firm will consider a variety of transaction types, including MBO’s, recapitalizations, growth equity and acquisitions. Argosy was formed in 1990 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 54 of 54
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 39 of 39
State (Tennessee) 3 of 3
Country (United States) 54 of 54
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-09 Heavy Equipment Colleges of America

San Bernardino, California, United States

Heavy Equipment Colleges of America is a multi-campus private education and training facility specializing in construction craft training and workforce management. Heavy Equipment Colleges of America was founded in 2006 and is based in San Bernardino, California.

Buy -