Richter acted as investment banking and tax advisor to Amalgamated Textiles
July 2018 – Richter acted as investment banking and tax advisor to Amalgamated Textiles, in the sale of the business to Town & Country Holdings Inc., a portfolio company of H.I.G. Capital. The transaction was led by Richter’s Alon Wexler and David Stein, supported by Mitch Stein.
Amalgamated Textiles is a leading North American distributor of ready-made window treatments and hardware. The company designs, manufactures and distributes products to major brick and mortar and e-commerce retailers throughout the United States, Canada and Europe.
Town & Country Holdings Inc., a portfolio company of H.I.G. Capital, is a leading supplier of kitchen textiles, table linens, bath textiles and accessories, performance and decorative rugs and mats, and other home products to retailers throughout North America. This acquisition is in line with long-term strategy to grow Town & Country into a diversified, multi-channel and multi-product leader.
Richter would like to congratulate Bobby Stoller and Jason Katz wishing them success in this next chapter of their storied history.
About Richter
Richter is a Business | Family Office that provides strategic advice on business matters and on families’ financial and personal objectives across generations. With close to 100 years of experience advising at the intersection of family and business, Richter has developed an integrated approach to help business owners find sustainable success. Whether business, personal, or both, Richter is uniquely positioned to address the needs of Canada’s most successful entrepreneurs, private clients, business owners and business families and help them chart a clear path to shape their legacy for the future. Founded in 1926, Richter’s 600-person multidisciplinary team continuously innovates to create value for our people, clients, and community in Canada and in the US.
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About Amalgamated Textiles
Amalgamated Textiles is North America’s leading supplier of home textiles and ready-made drapery by delivering high fashion designs, patterns, varying textures, and colours in an affordable luxury quality that today’s consumers expect. The company designs, manufactures and distributes products to major brick and mortar and e-commerce retailers throughout the United States, Canada and Europe. Over the past 15 years, Amalgamated Textiles has developed and sold an extensive library of designs for its customers and is recognized as an innovator of fashion-forward home fashion products at affordable prices that consistently meet and exceed customer expectations.
For more information, visit Amalgamated Textiles
About Town & Country Holdings, Inc., a portfolio company of H.I.G. Capital
Town & Country Holdings, Inc., a portfolio company of H.I.G. Capital, partners with entrepreneurs and senior executives aiming to become shareholders. The company target well-managed companies with an EBITDA of $3 to $8 million and growth potential, whether organic or through acquisitions. Their focus includes home textiles, kitchen textiles, table linens, bath textiles, rugs, and other home products. The company collaborates with entrepreneurs, existing management, and external senior executives from our extensive network to achieve successful outcomes.
For more information, visit Town & Country Holdings Inc., a portfolio company of H.I.G. Capital