Situation
BlackArch was retained by the LEE Industries shareholders to serve as their exclusive financial advisor.
BlackArch’s Customized Solution
BlackArch tailored its process and marketing efforts to meet the shareholders’ valuation objectives while also maintaining the LEE brand, culture, facilities and employee base.
Outcome
LEE Industries was acquired by American Leather, a portfolio company of Heartwood Partners (f.k.a. Capital Partners) and a manufacturer of high-end, made-to-order, upholstered furniture through retail and hospitality channels. The LEE management team remained with the company and the shareholders reinvested a portion of their proceeds.
Industries:
Consumer Products & Services
Location:
Conover, NC
Transaction type:
Sellside Advisory