M&A Deal Summary

Southerland Acquires Advanced Sleep Concepts

On January 14, 2015, Southerland acquired consumer products company Advanced Sleep Concepts from Granite Bridge Partners and Weinberg Capital Group

Acquisition Highlights
  • This is Southerland’s 1st transaction in the Consumer Products sector.
  • This is Southerland’s 1st transaction in the United States.
  • This is Southerland’s 1st transaction in Georgia.

M&A Deal Summary

Date 2015-01-14
Target Advanced Sleep Concepts
Sector Consumer Products
Buyer(s) Southerland
Sellers(s) Granite Bridge Partners
Weinberg Capital Group
Deal Type Add-on Acquisition

Target

Advanced Sleep Concepts

Rome, Georgia, United States
Advanced Sleep Concepts, Inc. was a manufacturer of promotional, premium and ultra-premium mattresses and box springs. Advanced Sleep Concepts was formed in 1894 and was based in Rome, Georgia.

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Buyer(S) 1

Buyer

Southerland

Nashville, Tennessee, United States

Category Company
Founded 1893
Sector Consumer Products
DESCRIPTION

Southerland is a mattress manufacturer servicing the Southeast, Southwest, and Midwest regions of the United States. Southerland was founded in 1893 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 2

SELLER

Granite Bridge Partners

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
Size Mega
Type Sector Agnostic
DESCRIPTION

Granite Bridge Partners is a private equity firm focused on control investments in mid-sized companies operating in traditional industries. The Firm looks to commit $10 to $30 million in profitable companies with up to $100 million in revenue. Broad areas of interest include consumer products/services, business services, and niche manufacturing. Granite Bridge Partners is the former direct investing unit of Wafra Partners and was spun out in 2018. The Firm is based in in New York City.


DEAL STATS #
Overall 4 of 12
Sector: Consumer Products M&A 2 of 3
Type: Add-on Acquisition M&A Deals 3 of 7
State: Georgia M&A 1 of 2
Country: United States M&A 3 of 10
Year: 2015 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-17 Mitchell Gold + Bob Williams

Taylorsville, North Carolina, United States

Mitchell Gold + Bob Williams is a manufacturer of high-quality furniture in the U.S. The company's innovative and stylish products are sold in many of the country's specialty home furnishings retailers, catalog retailers, and the company's signature stores. Mitchell Gold + Bob Williams was founded in 1989 and is based in Taylorsville, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-21 Best Lighting Products

Pataskala, Ohio, United States

Best Lighting Products is a designer and manufacturer of private-label emergency and exit lighting products in the United States, serving a large and diverse base of customers. The company sells a broad portfolio of lighting products across the commercial, industrial, and institutional lighting industry. Best Lighting Products was founded in 1997 and is based in Pataskala, Ohio.

Sell -
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 3 of 9
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 4
State: Georgia M&A 1 of 1
Country: United States M&A 3 of 9
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-22 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-03 Convenience Valet

Glendale Heights, Illinois, United States

Convenience Valet is a value-added distributor of blister pack (windowed) branded convenience/travel size health and beauty care products, over-the-counter drugs, personal care products and sundries sold in small-portion packages. Convenience Valet was established in 1946 and is based in Glendale Heights, Illinois.

Buy -