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Home Brands Group Holdings Inc, morselskapet til 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.
I følge utenlandske medieoppslag, 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 million, becoming the largest chain of total bathroom renovation companies in the United States.
TZP, som kjøpte Re-Baths morselskap, is a private equity firm that manages a family of approximately $2 billion funds, inkludert TZP Capital Partners, TZP Small Cap Partners, TZP Strategies og TZP Strategies Acquisition Corp. Re-Bath’s CEO, Brad Hillier, said that the company has been in business for more than 20 år. 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.” Re-Baths nylige akselererte vekst bringer den nærmere målet om å bli en $1 milliardbedrift. For å nå denne milepælen, Re-Bath planlegger å utnytte TZPs ressurser, Fortsett å fokusere på samarbeid med gode franchisetakere, styrke partnerskap med selskaper i verdensklasse, maksimere mulighetene med nasjonale detaljhandelspartnere, and through new technology and innovation. Combined, these efforts can propel Re-Bath to become a household name nationwide.
