M&A Deal Summary

H.I.G. Private Equity Acquires Town & Country

On January 30, 2018, private equity firm H.I.G. Private Equity acquired consumer products company Town & Country

Acquisition Highlights
  • This is H.I.G. Private Equity’s 4th transaction in the Consumer Products sector.
  • This is H.I.G. Private Equity’s 152nd transaction in the United States.
  • This is H.I.G. Private Equity’s 10th transaction in New York.

M&A Deal Summary
Date 2018-01-30
Target Town & Country
Sector Consumer Products
Buyer(s) H.I.G. Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Town & Country

New York, New York, United States
Town & Country is a supplier of kitchen textiles, table linens, bath textiles and accessories, performance and decorative rugs and mats, and other home products to retailers throughout North America. With a history of long-tenured customer relationships, Town and Country has built a service track record, robust sourcing platform, and a unique inventory and supply-chain management system enabling the Company to become the preferred provider of kitchen and table linen products to the some of the world’s largest retailers. Town & Country was founded in 1954 and is based in New York City.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 221 of 369
Sector (Consumer Products) 4 of 9
Type (Buyout (LBO, MBO, MBI)) 73 of 112
State (New York) 10 of 14
Country (United States) 152 of 245
Year (2018) 4 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Beinbauer Group

Büchlberg, Germany

Beinbauer Group is a provider of complex machined metal parts (iron, steel, aluminium) for the European on- and off-highway commercial vehicle industry (OEMs and other tier-1 suppliers). Beinbauer’s core competencies are the machining of components and assemblies in state-of-the-art production processes as well as building and managing complex supplier networks, offering its customers all-in-one solutions for axle, frame, chassis and engine parts from a single source. Beinbauer Group operates four production sites and has approximately 700 employees. Beinbauer Group was founded in 1968 and is based in Buchlberg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-06 Wastequip

Charlotte, North Carolina, United States

Wastequip is a North American manufacturer of waste and recycling equipment, with an international network of manufacturing facilities and the most extensive dealer network in the industry. Wastequip's broad range of waste and recycling equipment and systems is used to collect, process and transport recyclables, solid waste, liquid waste and organics. The Company's brands include Wastequip, Toter, Galbreath, Pioneer, Mountain Tarp, Cusco, Go To Parts, and Accurate. Wastequip was founded in1989 and is based in Charlotte, North Carolina.

Buy -
Mergr

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