ARLINGTON, Texas, Dec. 21, 2020 /PRNewswire/ — American Bath Group, LLC (“ABG”), a top maker of showers, bathtubs, and relevant equipment and a portfolio firm of Centerbridge Partners, nowadays declared the closing of the acquisition of DreamLine (“DreamLine” or the “Firm”) from affiliate marketers of MPE Companions (“MPE” or “Morgenthaler Private Equity”).
DreamLine is a main provider of branded quality glass shower doorways, enclosures, and equipment beneath the DreamLine and Arizona Shower Doorway brands. These solutions are highly complementary with ABG’s portfolio and strategy. DreamLine will operate as a division of ABG, and Chris Yankowich will stay as President of DreamLine.
“DreamLine is a market place chief in the highly attractive and fast-increasing shower doorway segment, and the Company has crafted an impressive set of structure and advertising and marketing capabilities. We look forward to doing work with our new colleagues at DreamLine,” stated Rick Stonecipher, CEO of American Bathtub Team.
“DreamLine is psyched to grow to be aspect of American Bathtub Group’s thorough line of bathware products and solutions and makes. We glance forward to contributing to the rapid progress and continued market place management at American Bathtub Team,” said Chris Yankowich, CEO of DreamLine.
Joe Machado, Spouse at MPE, stated, “ABG is an amazing achievements tale in the bathware products category. The DreamLine and Arizona Shower Doorway brand names are highly complementary with ABG and existing exciting possibilities for future development.”
Lincoln Intercontinental LLC served as monetary advisor to DreamLine and MPE on the transaction, and Jones Day served as authorized counsel to DreamLine and MPE. RBC Cash Markets served as money advisor to ABG, and Vinson & Elkins LLP served as lawful counsel to ABG.
About American Bath Team
American Tub Group is a foremost North American bathware manufacturer with a detailed solution presenting which includes showers, built-in tub / showers, bathtubs, shower bases, jetted whirlpools, and spas by a wide portfolio of very well-regarded makes. Find out additional at www.americanbathgroup.com.
About Centerbridge Partners
Centerbridge Partners, L.P. is a non-public expense management firm using a versatile solution throughout financial investment disciplines—from personal fairness to credit and similar techniques, and genuine estate—in an effort to locate the most attractive options for our investors and business enterprise associates. The Firm was launched in 2005 and as of November 30, 2020 has roughly $28 billion in capital less than administration with workplaces in New York and London. Centerbridge is committed to partnering with globe-class management teams throughout focused industry sectors and geographies to assistance corporations attain their functioning and money aims. For far more facts, remember to take a look at www.centerbridge.com.
About MPE Companions
MPE Companions (“MPE” or “Morgenthaler Personal Equity”) seeks to be the most well-liked husband or wife for entrepreneur- and family-owned firms. Primarily based in Cleveland, OH, and Boston, MA, MPE invests in profitable, reduce middle market place businesses with EBITDA in between $5 – $20 million. MPE has two major target financial commitment places: significant-benefit manufacturing and business & industrial services. For much more information and facts, you should go to www.mpepartners.com.
Jeremy Fielding / Anntal Silver
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Resource American Tub Team, LLC