M&A Deal Summary

Gabe s Acquires Old Time Pottery

On April 1, 2023, Gabe s acquired retailer Old Time Pottery from Comvest Partners

Acquisition Highlights
  • This is Gabe s’ 1st transaction in the Retail sector.
  • This is Gabe s’ 1st transaction in the United States.
  • This is Gabe s’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2023-04-01
Target Old Time Pottery
Sector Retail
Buyer(s) Gabe s
Sellers(s) Comvest Partners
Deal Type Add-on Acquisition

Target

Old Time Pottery

Murfreesboro, Tennessee, United States
Old Time Pottery is a retailer of decorative home products. Old Time Pottery offers home decor products, kitchen tools, dinnerware, bedding accessories, outdoor furniture and general merchandise. Old Time Pottery was founded in 1985 and is based in Murfreesboro, Tennessee.

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Buyer(S) 1

Buyer

Gabe s

Morgantown, West Virginia, United States

Category Company
Founded 1961
Sector Retail
DESCRIPTION

Gabe's operates 100+ stores under the Gabe's and Rugged Wearhouse banners across 11 states in the Mid-Atlantic and Southeast. The Company sells apparel, footwear, accessories, and home brands at up to 70% off department and specialty store prices. The Company was founded in 1961 by the Gabriel family and is headquartered in Morgantown, West Virginia.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

Comvest Partners

West Palm Beach, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Comvest Partners' headquarters in West Palm Beach, Florida.
Comvest Partners' headquarters in West Palm Beach, Florida.

Comvest Partners is a private investment firm that provides equity and debt capital to middle-market companies across North America. Comvest funds a variety of investment situations, including buyouts, divestitures, recapitalizations, consolidations, take privates, and turnarounds. Sectors of interest include business services, information services, education, financial services, healthcare services, software, IT, and transportation. For equity investments, Comvest prefers control and looks to invest $50 to $150 million per transaction. For debt needs, Comvest seeks to provide $25 to $250 million per transaction. Comvest Partners was formed in 2000 and is based in West Palm Beach, Florida.


DEAL STATS #
Overall 40 of 42
Sector: Retail M&A 3 of 3
Type: Add-on Acquisition M&A Deals 22 of 23
State: Tennessee M&A 4 of 5
Country: United States M&A 40 of 42
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-15 Flash Global

Parsippany, New Jersey, United States

Flash Global is an asset-light, third-party logistics provider. The company focuses on processing, facilitating and managing the delivery of high-velocity, time-sensitive critical parts. Flash Global was founded in 1983 and is based in Parsippany, New Jersey.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-27 Your Behavioral Health

Torrance, California, United States

Your Behavioral Health is a regional behavioral health services platform that provides comprehensive best-in-class services for adults and teens across the continuums of mental health and addiction treatment. Your Behavioral Health is based in Torrance, California.

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