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  6. Rooms To Go Acquires Carl s Patio

M&A Deal Summary

Rooms To Go Acquires Carl s Patio

On January 31, 2018, Rooms To Go acquired retailer Carl s Patio from Weinberg Capital Group

Acquisition Highlights
  • This is Rooms To Go’s 1st transaction in the Retail sector.
  • This is Rooms To Go’s 1st transaction in the United States.
  • This is Rooms To Go’s 1st transaction in Florida.

M&A Deal Summary
Date 2018-01-31
Target Carl s Patio
Sector Retail
Buyer(s) Rooms To Go
Sellers(s) Weinberg Capital Group
Deal Type Add-on Acquisition

Target

Carl s Patio

Boca Raton, Florida, United States
Carl's Patio is a retailer of luxury outdoor furniture and accessories serving the south Florida market. The Company offers the industry's most comprehensive selection of high-end outdoor furniture from leading international vendors as well as its own proprietary line of furniture called Fifth & Shore and proprietary pillow line marketed under the Haberdashery brand name. The Company markets its collections through a mix of 11 specialty retail stores, one outlet center, and nationally through its www.carlspatio.com and www.patiofurniture.com e-commerce platforms.

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Buyer(S) 1

Buyer

Rooms To Go

Seffner, Florida, United States
Category Company
Sector Retail
DESCRIPTION

Rooms To Go is a furniture store chain that operates 226 stores in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas, Virginia, and Puerto Rico.

DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Weinberg Capital Group

Cleveland, Ohio, United States

Investor Investor Investor

Category Family Office
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Weinberg Capital Group is a Midwestern US-based investment firm focused on real estate and private equity investments. Weinberg's private equity group targets control investments in lower middle-market, North American, profitable companies with $10 to $100 million of revenue. Sectors of interest include manufacturing, business services, medical and healthcare, aviation services, consumer products, and value-added distribution. Weinberg's real estate group targets opportunities in retail, multi-family, office, and industrial properties. Weinberg Capital Group was formed in 2003 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 5 of 9
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 4
State: Florida M&A 1 of 2
Country: United States M&A 5 of 9
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 New Channel Direct

Hinckley, Ohio, United States

New Channel Direct Corp. is a provider of direct mail and marketing services for a variety of fortune 500 clients.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Sill

Cleveland, Ohio, United States

Sill is a licensed public insurance claims adjuster exclusively representing business and property owners nationwide for more than 90 years. Sill’s team of adjusters, appraisers, and forensic accountants specialize in managing the complex process of filing and settling building, contents, or business interruption insurance claims. Sill was founded in 1928 and is based in Cleveland, Ohio.

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