Strategic Sale

The Company is a leading installing distributor for hearth and outdoor living products.

Transaction Overview:

The Company was a family owned business with an owner who was approaching retirement.  The owner was seeking a transaction that would provide maximum personal liquidity and a stable ongoing environment for the Company post transaction.

Results:

Trestle undertook a targeted marketing process that focused on strategic acquirors in the industry as well as private equity groups with a stated interest in the vertical. The list included acquirors who would take the Company over entirely and others who would provide liquidity to the retiring owner while allowing other family members to continue as equity holders who would continue to run the business. The Company’s hearth division was sold to a publicly traded acquiror that provided 100% cash consideration to the retiring owner and the other family members at Closing. The owner was able to meet his liquidity objectives and pass the Company along to a new owner that kept all of the operations and employees in place.  The outdoor products division emerged from the transaction as a stand-alone company that is run by the other family members.