Divestiture • Consumer Products

Brown Jordan Acquires Pride Family Brands

On June 5, 2019, Brown Jordan acquired consumer products company Pride Family Brands from New Water Capital

Acquisition Context
  • This is Brown Jordan’s 1st transaction in the Consumer Products sector.
  • This is Brown Jordan’s 3rd transaction in the United States.
  • This is Brown Jordan’s 2nd transaction in Florida.

Explore All 598 Divestiture Consumer Products Deals - Search the Database Free


M&A Deal Summary

Date June 5, 2019
Target Pride Family Brands
Sector Consumer Products
Buyer(s) Brown Jordan
Sellers(s) New Water Capital
Deal Type Divestiture

Target Company

Pride Family Brands

Hollywood, Florida, United States
Pride Family Brands, Inc. designs, manufactures and distributes hand-forged artisan quality aluminum outdoor furniture under the Castelle, Prestige and Expressions brands, and designs and supplies promotional outdoor furniture under SummerWinds and private label brands.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Brown Jordan

St. Augustine, Florida, United States

Category Company
Founded 1994
Sector Furniture
Employees1,460
DESCRIPTION

Brown Jordan is a designer, manufacturer and marketer of quality home furnishings and contract furnishings, selling a full range of products. Brown Jordan International offers innovative designs, superior quality, efficient production methods and a strong portfolio of recognized brands including Brown Jordan, Winston, Casual Living Worldwide, Charter, Tropitone and Texacraft. Brown Jordan is based in St. Augustine, Florida.


Deal Context for Buyer #
Overall 3 of 3
Sector: Consumer Products 1 of 1
Type: Divestiture 1 of 1
State: Florida 2 of 2
Country: United States 3 of 3
Year: 2019 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-21 Castelle Furniture

Fort Lauderdale, Florida, United States

Castelle Furniture is a manufacturer and marketer of high-quality, artisan-influenced aluminum outdoor furniture. Castelle Furniture is based in Fort Lauderdale, Florida.

Buy -

Seller Profile 1

SELLER

New Water Capital

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 406M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New Water Capital is a private equity firm focused on special situation investments in the consumer products, retail, manufacturing, and services sectors. New Water seeks under performing companies, corporate carve-outs, turnarounds, as well as businesses in transition, either growth challenged or facing succession issues. New Water will consider opportunities throughout the US and Canada and seeks businesses with $30 to $300 million in revenue. New Water Capital was formed in 2014 and is based in Boca Raton, Florida.


Deal Context for Seller #
Overall 1 of 11
Sector: Consumer Products 1 of 1
Type: Divestiture 1 of 1
State: Florida 1 of 2
Country: United States 1 of 9
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 Perfect Bite

Glendale, California, United States

Perfect Bite is a research, development and ideation firm for the frozen food industry. Perfect Bite develops innovative recipes and products for a number of prominent national grocery and club brands, as well as airlines and other hospitality companies. Perfect Bite was founded in 2006 and is based in Glendale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 Bestronics

San Jose, California, United States

Bestronics, Inc. provides printed circuit board and box assembly services to a diverse base of OEMs in the industrial, medical, power and other markets. Bestronics, Inc. was founded in 1990 and is based in San Jose, California.

Buy -