Cotton Creek Capital Transaction Announcement
Dallas, Texas – July 1, 2014– Cotton Creek Capital is pleased to announce that The CounterSource, Inc. (“CounterSource”), a custom countertop fabrication and installation service provider in Dallas-Fort Worth and Austin, TX, merged with Royal Baths Manufacturing Company (“Royal”). The combination creates a company with the scale, breadth, and capabilities to provide bathroom and kitchen solutions to custom and production homebuilders as well as multi-family and commercial developers. In addition to acrylic bathtubs and cultured marble vanities, the merger expands Royal’s products to include laminate, natural or engineered stone, and solid surface countertops. The transaction closed on June 30, 2014.
About Royal Baths Manufacturing Company
Royal was founded in 1969 as a supplier of bathroom products to the residential construction market. Royal has been built on the philosophy of providing a superior service and value to the customer. This includes offering high quality bathroom products with on time delivery and excellent service for a fair price. With a broad product line that includes both acrylic and cultured marble products, Royal has pioneered a unique, direct to builder strategy. This approach is supported by custom manufacturing and installation services via facilities throughout Texas and Florida. For more information, visit Royal Bath’s website at www.royalbaths.com.
About The CounterSource, Inc.
CounterSource was founded in 1996 primarily as a provider of high quality laminate countertop products to custom homebuilders in Dallas-Fort Worth. John Hanna and Dennis Mayfield joined CounterSource in 2000, and after acquiring the business in 2004, significantly grew the company through an expansion into stone products for production homebuilders. Today, CounterSource offers laminate, natural or engineered stone, and solid surface countertops to production and custom homebuilders as well as multi-family and commercial developers via facilities in Dallas-Fort Worth and Austin. For more information, visit CounterSource’s website at www.countersource.net.
About Cotton Creek Capital
Cotton Creek Capital is a Texas-based private equity firm focused on investing in and growing established lower middle market companies in manufacturing, value-added distribution, industrial, specialty chemical, business services, healthcare services and consumer staples. The firm invests in companies with enterprise values between $15 million and $200 million through transactions ranging from buyouts, recapitalizations, buy-and-builds, and corporate divestitures. Cotton Creek Capital has offices in Dallas, Fort Worth, and Austin and is affiliated with Brownlie & Braden, LLC, a provider of financial advisory services to high net worth families for over 20 years. For further information, visit Cotton Creek's website at www.cottoncreekcapital.com.