M&A Deal Summary

S5 Equity and Gordon Brothers Finance Co. Acquire Hammacher Schlemmer

On September 5, 2024, private equity firm S5 Equity and lender Gordon Brothers Finance Co. acquired retailer Hammacher Schlemmer

Acquisition Highlights
  • This is S5 Equity’s 1st and Gordon Brothers Finance Co.’s 12th transaction in the Retail sector.
  • This is S5 Equity’s 1st and Gordon Brothers Finance Co.’s 13th transaction in the United States.
  • This is S5 Equity’s 1st and Gordon Brothers Finance Co.’s 2nd transaction in Ohio.

M&A Deal Summary

Date 2024-09-05
Target Hammacher Schlemmer
Sector Retail
Buyer(s) S5 Equity
Gordon Brothers Finance Co.
Deal Type Buyout (LBO, MBO, MBI)

Target

Hammacher Schlemmer

Fairfield, Ohio, United States
Hammacher Schlemmer is a retail company that provides electronics, apparel & shoes, home, outdoor, personal care, sports & leisure, and toys. Hammacher Schlemmer was formed in 1848 and is based in Fairfield, Ohio.

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Buyer(S) 2

DESCRIPTION

S5 Equity is a private investment firm specializing in acquiring and revitalizing lower middle-market companies across North America that are experiencing operational, financial, or strategic challenges. The Firm looks to execute carve-outs, owner-operator transitions, and distress situations—while working closely with management teams to improve operations, realign strategies, and restore profitability. S5 Equity was founded in 2022 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 1 of 3
Sector: Retail M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 3
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2024 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-27 Heartland America

Chaska, Minnesota, United States

Heartland America is a direct-to-consumer retailer that offers a wide range of products, including electronics, home appliances, and furniture. The company focuses on providing high-quality goods at competitive prices through its online platform and catalog. Heartland America was founded in 1985 and is based in Chaska, Minnesota.

Buy -
Buyer

Gordon Brothers Finance Co.

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 1903
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

GB Merchant Partners (GB) is the private investment arm of the Gordon Brothers Group. GB looks to make traditional private equity investments as well as provide structured loans and acquire secondary debt instruments. Within private equity, GB seeks investments in all segments of the consumer products and services sectors, including retail, distribution, wholesale, licensing and manufacturing. Target companies 'usually have meaningful brand equity, or a product or service that is capable of creating a leading and defensible market position'. Prospective transactions include management buyouts, growth capital financings, as well as restructurings or turnarounds. GB is based in Boston with an additional office in New York City.


DEAL STATS #
Overall 21 of 23
Sector: Retail M&A 12 of 12
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 10
State: Ohio M&A 2 of 2
Country: United States M&A 13 of 13
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-12 Durkin Group

Liberty Corner, New Jersey, United States

Durkin Group is a professional services firm providing financial due diligence, field examination, accounting, and auditing to lenders, investors, and middle-market companies. Durkin Group is based in Liberty Corner, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-02 Laura Ashley

Newtown, United Kingdom

Laura Ashley is a retail, wholesale, licensing, and franchising business selling both home furnishings and fashion products. With an eye for delivering quintessentially British goods with a modern flair, the brand developed a passionate following which has allowed it to maintain its relevance regardless of the way the winds of fashion have blown. Laura Ashley Holdings is based in Newtown, United Kingdom.

Sell -