M&A Deal Summary

Tenth Street Capital Acquires Timberland Cabinetry

On January 2, 2017, mezzanine finance firm Tenth Street Capital acquired furniture company Timberland Cabinetry

Acquisition Highlights
  • This is Tenth Street Capital’s 1st transaction in the Furniture sector.
  • This is Tenth Street Capital’s 32nd transaction in the United States.
  • This is Tenth Street Capital’s 5th transaction in Tennessee.

M&A Deal Summary
Date 2017-01-02
Target Timberland Cabinetry
Sector Furniture
Buyer(s) Tenth Street Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Timberland Cabinetry

Spring Hill, Tennessee, United States
Timberland Cabinetry manufactures and sells kitchen and bath cabinetry throughout the U.S. and the Caribbean. Timberland Cabinetry was founded in 2005 and is based in Spring Hill, Tennessee.

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Buyer(S) 1

Buyer

Tenth Street Capital

Chattanooga, Tennessee, United States

Investor Investor

Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tenth Street Capital is an independent investment firm that seeks to invest in lower middle-market companies operating in a broad range of industries. The Firm provides mezzanine and equity co-investments to profitable businesses with strong market positions and diverse customers. Areas of interest include manufacturing, distribution, and services. Investment proceeds are generally used to support acquisitions, buyouts, and recapitalizations. Tenth Street Capital was formed in 2005 and is based in Chattanooga, Tennessee.

DEAL STATS #
Overall 32 of 35
Sector (Furniture) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 23 of 25
State (Tennessee) 5 of 5
Country (United States) 32 of 35
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-08 BLR

Brentwood, Tennessee, United States

BLR, Inc. is an information service and technology company that strives to assist organizations to simplify compliance with state and federal legal requirements through information products including training programs, events, web portals, reports, and subscription services. BLR is based in Brentwood, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 Gared Performance Sports Systems

Noblesville, Indiana, United States

Gared is a manufacturer and marketer of sports equipment and custom gymnasium solutions. Gared markets its products and services through a strong network of dealers worldwide. Gared was founded in 1922 and is based in Noblesville, Indiana.

Buy -
Mergr

Product

Company

Legal