Parent Company Of The Largest Chain Of Total Bathroom Renovation Companies In The US Is Acquired

Parent Company Of The Largest Chain Of Total Bathroom Renovation Companies In The US Is Acquired

For nylig, Home Brands Group Holdings Inc, moderselskabet til 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.

Ifølge udenlandske medierapporter, Re-Bath’s parent company first ventured into the total bathroom renovation industry in 1978, focusing on the hospitality sector. I 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 badeværelser, which makes it the largest chain of bathroom renovation companies in the United States.

TZP, som købte Re-Baths moderselskab, is a private equity firm with a family of approximately $2 billion funds under management, herunder TZP Capital Partners, TZP Small Cap Partners, TZP Strategies og TZP Strategies Acquisition Corp.

Re-Bath CEO Brad Hillier said, “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.” Re-Baths nylige accelererede vækst bringer det tættere på sit mål om at blive en $1 milliard virksomhed. For at nå denne milepæl, Re-Bath planlægger at udnytte TZP's ressourcer, fortsætte med at fokusere på at samarbejde med gode franchisetagere, styrke partnerskaber med virksomheder i verdensklasse, maksimere muligheder med nationale detailpartnere, and leverage new technology and innovation. Taken together, these efforts could propel Re-Bath to become a household name nationwide.