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Parent Company Of The Largest Chain Of Total Bathroom Renovation Companies In The US Is Acquired
Recentment, Home Brands Group Holdings Inc, l'empresa matriu de Re-Bath, the largest bathroom renovation companies chain in the US, announced that it had been acquired by private equity firm TZP Group LLC (“TZP”), but no details of the transaction were disclosed.
Segons informes de mitjans estrangers, Re-Bath’s parent company first ventured into the total bathroom renovation industry in 1978, focusing on the hospitality sector. En 1991, Re-Bath opened its first franchise shop and entered the residential bathroom renovation market. It has now grown to over 100 sellers across the United States and has served over 1,000,000 banys, which makes it the largest chain of bathroom renovation companies in the United States.
TZP, que va adquirir l'empresa matriu de Re-Bath, is a private equity firm with a family of approximately $2 billion funds under management, incloent TZP Capital Partners, TZP Small Cap Partners, TZP Strategies i TZP Strategies Acquisition Corp.
Brad Hillier, director general de Re-Bath, va dir, “We are pleased to begin our next chapter of growth with this investment in TZP. This represents the growth and success we have achieved and the right direction we are moving in.” El recent creixement accelerat de Re-Bath l'acosta al seu objectiu de convertir-se en un $1 mil milions d'empresa. Per assolir aquesta fita, Re-Bath té previst aprofitar els recursos de TZP, continueu centrant-vos en l'associació amb grans franquiciats, reforçar les associacions amb empreses de primer nivell, maximitzar les oportunitats amb els socis minoristes nacionals, and leverage new technology and innovation. Taken together, these efforts could propel Re-Bath to become a household name nationwide.
