M&A Deal Summary

The Optical Foundry Acquires l.a.Eyeworks

On August 6, 2019, The Optical Foundry acquired consumer products company l.a.Eyeworks from Chicago Capital Partners

Acquisition Highlights
  • This is The Optical Foundry’s 1st transaction in the Consumer Products sector.
  • This is The Optical Foundry’s 1st transaction in the United States.
  • This is The Optical Foundry’s 1st transaction in California.

M&A Deal Summary

Date 2019-08-06
Target l.a.Eyeworks
Sector Consumer Products
Buyer(s) The Optical Foundry
Sellers(s) Chicago Capital Partners
Deal Type Merger

Target

l.a.Eyeworks

Los Angeles, California, United States
l.a.Eyeworks operates in a coveted niche within the high-end optical business. l.a.Eyeworks has a well-established wholesale business that sells its brands, under the l.a. Eyeworks and Fiction names, domestically and internationally through two distribution networks in the United States and France. l.a.Eyeworks was founded in 1979 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

The Optical Foundry

Minneapolis, Minnesota, United States

Category Company
Founded 2002
Sector Consumer Products
DESCRIPTION

The Optical Foundry is an optical frame designer/wholesaler of the following brand names: OGI, Seraphin, Scojo New York, Red Rose, and Bon Vivant. The Optical Foundry was founded in 2002 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

DESCRIPTION

Chicago Capital Partners is a private equity firm focused on majority investments in profitable, lower middle-market companies with $2 to $10 million of EBITDA. The Firm seeks US-based companies with strong margins, sustainable cash flows, and opportunities for growth. Sectors of interest include business services, consumer products, distribution, food, beverage, and niche manufacturing. Chicago Capital Partners was formed in 2011 and is based in Highland Park, Illinois.


DEAL STATS #
Overall 1 of 3
Sector: Consumer Products M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-25 PLCS

Mount Laurel, New Jersey, United States

PLCS is a manufacturer and distributor of proprietary systems for the sealing of leaks in cast-iron natural gas distribution pipelines. PLCS was founded in 1968 and is based in Mount Laurel, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 Home Sweet Home

Redondo Beach, California, United States

Home Sweet Home provides niche services to employees moving due to a corporate relocation. Leveraging a network of professional organizers and full-time staff, HSH provides the employee with in-home pre-and post-move assistance that simplifies the moving process and reduces the cost of relocation to the employer. Home Sweet Home was founded in 2004 and is based in Redondo Beach, California.

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