Linsalata Capital Partners exits Royal Baths


Cleveland, Ohio-based middle-market private equity firm Linsalata Capital Partners has sold Royal Baths Manufacturing Company, Ltd. to Cotton Creek Capital Management. No financial terms were disclosed for the transaction, which was completed on October 15, 2013. Based in Houston, Royal Baths is a maker of marble bathroom products.

PRESS RELEASE

Cleveland, Ohio (October 16, 2013) – Linsalata Capital Partners (“LinCap”), a leading middle market private equity firm based in Cleveland, Ohio, announced the sale of Royal Baths Manufacturing Company, Ltd. (“Royal Baths”) to Cotton Creek Capital Management, LLC on October 15, 2013.
Headquartered in Houston, Texas, Royal Baths is a leading developer, manufacturer and marketer of acrylic and cultured marble bathroom products including soaker and whirlpool bathtubs, vanity tops, sinks, shower walls and bases. Serving the residential homebuilder market in the favorable geographies of Texas and Florida, LinCap acquired Royal Baths in 2003, partnering with the founders to grow and expand the business while also supporting operational initiatives to improve the efficiency and performance of the business.
Linsalata Capital Partner’s Managing Director Gregg Taber commented, “We appreciate the efforts of CEO Rodney Vickers and his team, who not only weathered the most unprecedented housing downturn in U.S. history, but through that period continuously improved operations and positioned the business for the robust growth it enjoys today. We wish the team and Cotton Creek continued success in the years to come.”
About Linsalata Capital Partners
Linsalata Capital Partners, located in the Cleveland, Ohio suburb of Mayfield Heights, was founded in 1984 and has combined its strong financial capabilities with extensive operational experience to accelerate the growth of middle market companies. In its more than 29 years of investing, the firm has completed more than 100 buyside transactions totaling more than $3.4 billion. Linsalata Capital Partners is currently investing from its recently raised fund, Linsalata Capital Partners Fund VI, L.P., with $427 million in committed equity capital. For more information, please visit www.linsalatacapital.com.