Clearview Capital Exits Hillsdale Furniture

Clearview Capital has exited its investment in Hillsdale Furniture, selling the company to an investor group led by Brookside Equity Partners and management. Louisville, Kentucky-based Hillsdale is a designer, importer and marketer of residential furniture. Clearview’s investment in Hillsdale was made through a 2002 vintage fund. Terms were not released.

PRESS RELEASE
Clearview Capital, LLC of Old Greenwich, CT has successfully exited its investment in Hillsdale Furniture, LLC (“Hillsdale”), with the sale of the company to an investor group led by Brookside Equity Partners and management.
Based in Louisville, KY, Hillsdale is a designer, importer and marketer of residential furniture.
“Despite an extraordinarily difficult environment for furniture companies that resulted in wrenching change throughout the industry, Hillsdale’s terrific management team achieved market share gains and consistent profitability during the course of our investment”, said Calvin Neider, Co-Managing Partner of Clearview Capital. “We part with Hillsdale knowing the company will continue to thrive with its new equity partners.”
Clearview’s investment in Hillsdale was made through a 2002 vintage fund which is nearly fully realized. Clearview is now investing through Clearview Capital Fund II,

LP which seeks to acquire and develop lower middle market companies in sectors including business services, health care services, design/importing, distribution and manufacturing.
Green, Holcomb & Fisher served as financial advisor and Loeb & Loeb, LLP served as legal advisor to Hillsdale.
Clearview’s other holdings include Battenfeld Technologies, Inc., a leading designer, developer and supplier of branded shooting and hunting accessories to the outdoor sporting goods industry; GCR, Inc., a professional services firm delivering consulting services and technology solutions to governmental and commercial clients; Child Health Holdings, Inc., d.b.a. Pediatric Healthchoice, the country’s largest operator of prescribed pediatric extended care centers; Pyramid Healthcare, Inc., a provider of in- patient and out-patient behavioral health services; The Results Companies, LLC, a provider of outsourced customer management solutions; QualSpec Group (f.k.a. All Tech IESCO), a provider of inspection and non-destructive testing services to the refining, petrochemical market and other industrial process industries; Rowmark, LLC, a manufacturer and marketer of specialty plastic sheet and related products for the awards/recognition, engraving and signage markets; Senior Care Centers of America, Inc., the country’s largest operator of adult day care centers; and a minority interest in Compression Polymers Group, the leading extruder of thick gauge polyolefin and PVC sheet, including AZEK® brand trim boards.

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