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Home Brands Group Holdings Inc, şîrketa dê û bavê Re-Bath, the largest bathroom renovation chain in the U.S., recently announced that it had been acquired by private equity firm TZP Group LLC (“TZP”), but did not disclose details of the transaction.
Li gorî nûçeyên çapemeniya biyanî, the Re-Bath parent company first entered the total bathroom renovation industry in 1978, focusing on the hospitality industry. 1991, Re-Bath opened its first franchise, set foot in the residential total bathroom renovation market, has grown to more than 100 sellers across the United States, the cumulative service total bathroom more than 1 mêlûn, becoming the largest chain of total bathroom renovation companies in the United States.
TZP, ku pargîdaniya dêûbavê Re-Bath bi dest xist, is a private equity firm that manages a family of approximately $2 billion funds, di nav de TZP Capital Partners, Hevkarên TZP Small Cap, Stratejiyên TZP û Stratejiyên TZP Acquisition Corp. Re-Bath’s CEO, Brad Hillier, said that the company has been in business for more than 20 salan. Bath CEO Brad Hillier said, “It is great to kick off our next growth chapter with an investment from TZP that represents the growth and success we have achieved and the right direction we are moving in.” Mezinbûna bilez a vê dawîyê ya Re-Bath wê nêzî armanca wê ya bûyîna a $1 milyar şirket. Ji bo bidestxistina vê qonaxê, Re-Bath plan dike ku çavkaniyên TZP-ê bikar bîne, berdewam bikin ku li ser hevkarîya bi fransîzanên mezin re bisekinin, hevkariyên bi pargîdaniyên cîhanî re xurt bikin, bi şirîkên firotgeha neteweyî re derfetan zêde bikin, and through new technology and innovation. Combined, these efforts can propel Re-Bath to become a household name nationwide.
