Parent Company of Largest U.S. Whole Bathroom Renovation Chain Acquired

Izindleko zamasheya Home Brands Group Holdings Inc, inkampani engumzali ka-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 (“I-TZP”), but did not disclose details of the transaction.

Ngokusho kwemibiko yabezindaba yakwamanye amazwe, 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 izigidi, becoming the largest chain of total bathroom renovation companies in the United States.

I-TZP, eyathola inkampani engumzali kaRe-Bath, is a private equity firm that manages a family of approximately $2 billion funds, okuhlanganisa ne-TZP Capital Partners, I-TZP Small Cap Partners, I-TZP Strategies kanye ne-TZP Strategies Acquisition Corp. Re-Bath’s CEO, Brad Hillier, said that the company has been in business for more than 20 iminyaka. 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.” Ukukhula okushesha kwakamuva kwe-Re-Bath kuyisondeza emgomweni wayo wokuba a $1 inkampani eyizigidigidi. Ukuze kuzuzwe lesi sigameko esiyingqopha-mlando, I-Re-Bath ihlela ukusebenzisa izinsiza ze-TZP, qhubeka nokugxila ekusebenzisaneni nama-franchisees amakhulu, ukuqinisa ubudlelwano nezinkampani ezisezingeni lomhlaba, ukwandisa amathuba nozakwethu bokuthengisa bezwe, and through new technology and innovation. Combined, these efforts can propel Re-Bath to become a household name nationwide.