Merger • Apparel/Textiles

Duralee Fabrics Acquires The Robert Allen Group

On March 31, 2017, Duralee Fabrics acquired apparel/textiles company The Robert Allen Group from Altamont Capital Partners

Acquisition Context
  • This is Duralee Fabrics’ 1st transaction in the Apparel/Textiles sector.
  • This is Duralee Fabrics’ 1st transaction in the United States.
  • This is Duralee Fabrics’ 1st transaction in Massachusetts.

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M&A Deal Summary

Date March 31, 2017
Target The Robert Allen Group
Sector Apparel/Textiles
Buyer(s) Duralee Fabrics
Sellers(s) Altamont Capital Partners
Deal Type Merger

Target Company

The Robert Allen Group

Foxboro, Massachusetts, United States
Robert Allen Group is a designer and marketer of decorative fabrics and furnishings to the interior design trade. The Company sells its products under the Beacon Hill, Robert Allen, Robert Allen Contract and Robert Allen @ Home brands. The Company has showroom locations throughout the United States, Canada, and the United Kingdom, and an extensive worldwide agent showroom network.
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Buyer Overview 1

Buyer

Duralee Fabrics

Hauppauge, New York, United States

Category Company
Founded 1952
Sector Apparel/Textiles
DESCRIPTION

Duralee is a family owned and operated company that offers the interior design market quality products, designed for today's lifestyles, while keeping our focus on excellent value and customer service. The Company was formed in 1952 and is headquartered in Hauppauge, New York.


Deal Context for Buyer #
Overall 1 of 1
Sector: Apparel/Textiles 1 of 1
Type: Merger 1 of 1
State: Massachusetts 1 of 1
Country: United States 1 of 1
Year: 2017 1 of 1

Seller Profile 1

SELLER

Altamont Capital Partners

Palo Alto, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Altamont Capital is a private equity group focused on acquiring US-based middle-market companies. The Firm has a particular interest in companies undergoing a transition, either operational or strategic, in which Altamont believes it can help navigate. Altamont can invest up to $150 million of equity per transaction and looks for businesses with EBITDA up to $100 million. The Firm prefers control transactions and targets a range of transaction types, including corporate carve-outs, build-ups, take-privates, and founder transitions. Sectors of interest include business services, financial services, industrials, healthcare, consumer, retail, restaurants, franchising, and technology. Altamont Partners was formed in 2010 and is based in Palo Alto, California.


Deal Context for Seller #
Overall 3 of 18
Sector: Apparel/Textiles 1 of 2
Type: Merger 1 of 2
State: Massachusetts 1 of 1
Country: United States 3 of 16
Year: 2017 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 Maxi Canada

Saint-Lin Laurentides, Quebec, Canada

Maxi Canada is a manufacturer of processed, frozen chicken products, based near Montreal Quebec. It is a supplier to retail and foodservice markets in the U.S. and Canada. Lake Pacific provided financing to recapitalize this family business and expand manufacturing capacity.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-18 Wunderlich Securities

Memphis, Tennessee, United States

Wunderlich Securities, Inc. offers comprehensive wealth management services to individuals, families, corporations and non-profit organizations.

Sell $67M