M&A Deal Summary

ELK Group International Acquires Stein World

On August 4, 2016, ELK Group International acquired furniture company Stein World from Wingate Partners

Acquisition Highlights
  • This is ELK Group International’s 1st transaction in the Furniture sector.
  • This is ELK Group International’s 3rd transaction in the United States.
  • This is ELK Group International’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2016-08-04
Target Stein World
Sector Furniture
Buyer(s) ELK Group International
Sellers(s) Wingate Partners
Deal Type Add-on Acquisition

Target

Stein World

Memphis, Tennessee, United States
Stein World LLC is a designer, importer, and distributor of decorative home accents including accent furniture, lamps, occasional tables, accent chairs, and mirrors. Stein World was formed in 2004 and is based in Memphis, Tennessee.

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Buyer(S) 1

Buyer

ELK Group International

Nesquehoning, Pennsylvania, United States
Category Company
Founded 1983
Sector Consumer Products
DESCRIPTION

ELK Group International is a premier designer and importer of indoor and outdoor residential, designer and commercial lighting fixtures, decorative accessories and furniture.

DEAL STATS #
Overall 3 of 3
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Tennessee) 1 of 1
Country (United States) 3 of 3
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-14 The Pomeroy Collection

Houston, Texas, United States

The Pomeroy Collection Ltd. is a distributor of wrought iron and hand blown glass, lighting, decorative ceramics, fragrance, decorative pillows, seasonal, pet and garden.

Buy -

Seller(S) 1

SELLER

Wingate Partners

Dallas, Texas, United States

Investor Investor Investor

Category Private Equity Firm
Founded 1987
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Wingate Partners is a turnaround investment firm that purchases controlling stakes in troubled manufacturing, distribution and service businesses headquartered in the US. Wingate looks to acquire under-performing companies, profitable businesses in changing or out of favor industries, and companies with incomplete management teams. Target businesses typically have revenues between $50 and $250 million. Wingate will not invest in banking, insurance, real estate, media, natural resources, and high technology. Wingate Partners was formed in 1987 and is based in Dallas, Texas.

DEAL STATS #
Overall 14 of 22
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 7 of 10
State (Tennessee) 1 of 1
Country (United States) 14 of 22
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Preferred Compounding

Copley, Ohio, United States

Preferred Compounding Corp. is a manufacturer and supplier of proprietary and custom mixed rubber compounds with manufacturing plants in Tallapoosa, Ga.; Huntingdon, Tenn.; Fruithurst, Ala. Preferred Compounding Corp. was founded in 1973 and is based in Copley, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-26 BiOrigin Specialty Products

Alpharetta, Georgia, United States

BiOrigin Specialty Products is a supplier of high-performance, specialty paper materials customized for a range of lightweight food packaging, hygiene, and consumer applications. BiOrigin Specialty Products was founded in 1924 and is based in Alpharetta, Georgia.

Sell -
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