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Announced

Completed

Charlesbank Capital Partners completed the acquisition of Empire Today from H.I.G. Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Private Equity

United States

Property Services

Domestic

flooring company

Single Bidder

Friendly

Acquisition

Majority

Completed

Synopsis

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Charlesbank Capital Partners, a middle-market private investment firm, completed the acquisition of Empire Today, the country’s largest shop-at-home, direct-to-consumer flooring company, from H.I.G. Capital. Financial terms were not disclosed. “We appreciate H.I.G.’s commitment to Empire Today over the last five years, adding significant value to our business and our leadership team while supporting investments across our business, all of which have strengthened our ability to deliver a quality experience to our customers and our team. We are excited about partnering with Charlesbank to support Empire Today’s next phase of growth. We are also thrilled to see H.I.G. remain as a minority investor, which speaks to our many exciting opportunities into the future," Keith Weinberger, Empire Today CEO.

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