BIRMINGHAM, Ala. (June 17, 2016) – Founders Investment Banking, LLC is pleased to announce that NBGHome, a portfolio company of Kohlberg & Company, has purchased substantially all of the stock of Plantation Patterns, a leading provider of outdoor soft home products to mass, home improvement, discount and specialty retailers in North America. Plantation Patterns’ shareholders were exclusively advised by Principals of Founders Investment Banking. The transaction closed on June 17, 2016, and was led by Duane P. Donner II and Joe H. Brady III of Founders.
E.J. Marino, President and CEO of Plantation Patterns since inception in 2011, noted “Founders’ knowledge and experience was crucial in helping us to source and select the right partner for Plantation Patterns. The team did an outstanding job negotiating the deal, leading us throughout the process and getting the transaction closed,” he added. “Founders and I worked together to execute the management buyout in 2011 and throughout the past five years, and now they have led us to a successful exit. This has been a great and rewarding partnership.”
“It has been a tremendous experience for Founders to work with E.J. Marino and his great team on the evolution of Plantation Patterns and the sale of the company. We are delighted to have been able to serve on both the initial purchase and exit, and we look forward to seeing the future success of Plantation Patterns in its combination with NBGHome. We love the manufacturing space and this is another great example of the type of solid strategic partnership we like to put together.” said Joe Brady, Director at Founders Investment Banking.
For more information on the acquisition, see the announcement on the NBGHome website.
About Founders Investment Banking, LLC
Founders Investment Banking is a merger and acquisition advisory firm based in Birmingham, Alabama. Its team’s proven expertise and process-based solutions help companies and business owners access capital and prepare for and execute liquidity events to achieve specific financial goals. The firm focuses on oil and gas, industrial, and manufacturing clients located across the Southeast, and also has a technology practice with a national presence. For more information, visit www.foundersib.com. In order to provide securities-related services discussed herein, certain principals of Founders are licensed with M & A Securities Group, Inc. or Founders M&A Advisory, LLC, both members of member FINRA & SiPC. M&A Securities Group and Founders are unaffiliated entities. Founders M&A Advisory is a wholly-owned subsidiary of Founders. The testimonial presented herein does not guarantee future performance or success.
About Plantation Patterns
Headquartered in Birmingham, AL, Plantation Patterns is an industry leader in outdoor soft home décor. PP is a multiple award winning supplier and was a finalist for Alabama Manufacturer of the Year in 2015. The company has two U.S. facilities in Selma, AL and a distribution center in Calera, AL. Their hybrid supply chain offers customers the best of both worlds with in-house Asian sourcing and quick response domestic capacity. Further information about Plantation Patterns can be found at www.plantationpatterns.com.
Headquartered in Austin, Texas, NBGHome is an international company owned by Kohlberg & Company, a New York-based private equity firm, and is one of the world’s leading producers and distributors of home décor and wall décor products, marketed under brands such as Pinnacle, Burnes, Nielsen, Bainbridge, Jimco, J. Hunt, Patton, Thro, and J. Hunt Home. World leaders in research, innovation and ground-breaking new products, NBGHome anticipates the latest styles and trends, to give customers the most desirable products. Further information about NBGHome can be found at www.nbg-home.com.