Add-on Acquisition • Consumer Products

ThreeSixty Group Acquires Vornado Air

On May 7, 2018, ThreeSixty Group acquired consumer products company Vornado Air from Waitt

Acquisition Context
  • This is ThreeSixty Group’s 2nd transaction in the Consumer Products sector.
  • This is ThreeSixty Group’s 3rd transaction in the United States.
  • This is ThreeSixty Group’s 1st transaction in Kansas.

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M&A Deal Summary

Date May 7, 2018
Target Vornado Air
Sector Consumer Products
Buyer(s) ThreeSixty Group
Sellers(s) Waitt
Deal Type Add-on Acquisition
Advisor(s) CG Sawaya Partners (Financial)

Target Company

Vornado Air

Andover, Kansas, United States
Vornado is a manufacturer of branded room comfort appliances including a wide range of whole room air circulators, heaters, humidifiers and purifiers. Over the past decade, Vornado has grown into the leading manufacturer, marketer, and distributor of premium home comfort products in the U.S. and internationally, primarily under the Vornado brand, across the air circulator, heater, steamer, air purifier and humidifier product categories.
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Buyer Overview 1

Buyer

ThreeSixty Group

Hong Kong, China

Category Company
Founded 2001
Sector Consumer Products
DESCRIPTION

ThreeSixty Group designs develop and sources hardline consumer products within the children’s activity, home décor, men’s gift, and other accessories categories. ThreeSixty Group was founded in 2001 and is based in Hong Kong, China.


Deal Context for Buyer #
Overall 3 of 3
Sector: Consumer Products 2 of 2
Type: Add-on Acquisition 1 of 1
State: Kansas 1 of 1
Country: United States 3 of 3
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-30 The Sharper Image

Walnut Creek, California, United States

The Sharper Image is best known for its original products offered across the lifestyle, gift, gadget, electronics, wellness, fitness and travel categories. Sharper Image products are sold through a variety of channels, including at department and specialty stores and direct to consumer through the Sharper Image catalog and e-commerce website. The Sharper Image was formed in 1977 and is based in Walnut Creek, California.

Buy -

Seller Profile 1

DESCRIPTION

Waitt Company is the private investment vehicle for Norm Waitt, Jr., founder of Gateway, Inc. The Firm looks to invest $5 to $25 million in growth-oriented companies generating $20 to $100 million in revenues. Waitt is sector agnostic and will consider supporting buyouts, growth capital needs, and recapitalizations. Waitt Company is based in Omaha, Nebraska.


Deal Context for Seller #
Overall 2 of 2
Sector: Consumer Products 1 of 1
Type: Add-on Acquisition 1 of 1
State: Kansas 1 of 1
Country: United States 2 of 2
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Vornado Air

Andover, Kansas, United States

Vornado is a manufacturer of branded room comfort appliances including a wide range of whole room air circulators, heaters, humidifiers and purifiers. Over the past decade, Vornado has grown into the leading manufacturer, marketer, and distributor of premium home comfort products in the U.S. and internationally, primarily under the Vornado brand, across the air circulator, heater, steamer, air purifier and humidifier product categories.

Buy -