Sell Side Advisor

Duff & Phelps Advised Standard Furniture Manufacturing on its Sale to an Affiliate of Aterian Investment Partners

On August 31, 2017, Standard Furniture Manufacturing Company, Inc. ("Standard Furniture" or the "Company"), a family-owned international manufacturer and importer of residential furniture, was acquired by an affiliate of Aterian Investment Partners II, LP ("Aterian").

Duff & Phelps served as exclusive financial advisor to Standard Furniture in connection with the sale transaction.

About Standard Furniture Manufacturing Company, Inc.

Founded in 1946, Standard Furniture Manufacturing Company, Inc. is a family-owned and American-based manufacturer and international importer of high-quality indoor residential furniture. As one of the largest case goods manufacturers in the United States, Standard Furniture’s product categories include bedroom, dining, occasional, entertainment and youth. In 2016, Standard Furniture added upholstered furniture and a new line of home furnishings/accessories by partnering with celebrity personalities Chip and Joanna Gaines (from HGTV's "Fixer Upper") to launch the Magnolia Home line. The Company has been privately-held by the Hodgson family since inception and had previously never received any institutional equity capital. Standard Furniture owns U.S. manufacturing and warehousing facilities at its headquarters in Bay Minette, Alabama, and leases offices in China and Vietnam that oversee import operations. The Company also leases showrooms in High Point, North Carolina. Golenbock Eiseman Assor Bell & Peskoe LLP served as legal counsel to Standard Furniture.

About Aterian Investment Partners II, LP

Aterian Investment Partners II, LP is an operationally-focused middle-market private equity firm. The firm focuses on the strategically viable businesses, with strong market positions, proven franchises and opportunities for performance enhancement at companies generating $25 million to $500 million of revenue. After making an investment, Aterian, in partnership with management, seeks to focus on the critical growth, investment, operational and liquidity initiatives of a business that will ultimately drive value creation. Kirkland & Ellis LLP served as legal counsel to Aterian.

 


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