M&A Deal Summary

GHP Group Acquires Design Specialties

On June 21, 2021, GHP Group acquired furniture company Design Specialties from Blackthorne Partners

Acquisition Highlights
  • This is GHP Group’s 1st transaction in the Furniture sector.
  • This is GHP Group’s 1st transaction in the United States.
  • This is GHP Group’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2021-06-21
Target Design Specialties
Sector Furniture
Buyer(s) GHP Group
Sellers(s) Blackthorne Partners
Deal Type Add-on Acquisition
Advisor(s) Stout (Financial)
Godfrey & Kahn (Legal)

Target

Design Specialties

Milwaukee, Wisconsin, United States
Design Specialties is a manufacturer of fireplace doors, screens and other hearth accessories sold at specialty hearth retailers. Design Specialties was founded in 1983 and is based in Milwaukee, Wisconsin.

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Buyer(S) 1

Buyer

GHP Group

Niles, Illinois, United States

Category Company
Founded 2003
Sector Manufacturing
DESCRIPTION

GHP Group specializes in developing, distributing, importing, and manufacturing seasonal products for major home centers, retailers, and online retailers, such as BBQs, heaters, fireplaces, and drinking water solutions. GHP Group was founded in 2003 and is based in Niles, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Blackthorne Partners

Delafield, Wisconsin, United States

Investor Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Blackthorne Partners is a private investment firm focused on direct investments in small, niche private companies. Blackthorne generally targets commercial service businesses with at least $1 million in EBITDA. Blackthorne Partners was founded in 2007 and is based in Brookfield, Wisconsin.


DEAL STATS #
Overall 3 of 3
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Wisconsin) 3 of 3
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-16 Pallet USA

Hartford, Wisconsin, United States

Pallet USA is a pallet manufacturer that offers competitively priced new, refurbished and custom designed pallets, shipping crates and storage crates, industrial lumber, and pallet recycling. Pallet USA is based in Hartford, Wisconsin.

Sell -