Acacia invests in Sutherland Perennials Group

Acacia Partners had made an undisclosed investment in Sutherland Perennials Group. Cadence Bank provided the senior credit facility for the transaction while Ernst & Young provided financial due diligence support to Acacia. Sutherland Perennials group is a provider of in luxury performance fabrics.

PRESS RELEASE

January 11th, 2016, Acacia Partners (“Acacia”), an Austin, Texas based investment firm, recently partnered with David and Ann Sutherland to make an investment in Sutherland Perennials Group (“SPG” or “the Company”).  SPG is an industry innovator that has developed the leading luxury brands in each of its three business segments: 1) Performance fabric (Perennials Fabrics); 2) Outdoor furniture (Sutherland Furniture) and 3) Retail showrooms targeting interior designers (David Sutherland Showrooms).  The Company is widely known for its exceptional design and quality.

Perennials Fabrics (“Perennials”) is recognized as the leader in luxury performance fabrics by interior designers and high‐end retail customers.  Perennials combines the look and feel of high‐quality natural materials with the properties of more durable outdoor fabrics including resistance to stain, water, mold and mildew along with UV stability and carefree maintenance.  Sutherland Furniture has created the preeminent outdoor luxury furniture brand through partnerships with the world’s leading designers and by utilizing the highest quality materials (including Perennials fabrics).  David Sutherland Showrooms is a full‐service, multi‐line showroom which serves the professional interior design market in seven locations across the United States.

“Acacia is excited to partner with David and Ann to help continue the Company’s current growth trajectory.  They have built three world renowned brands with sterling reputations in their category.  We believe their products continue to resonate with new customers, and we expect this to drive growth for many years to come.” commented Brad Johl, Jeff Sokol and Greg Maletsky, Partners of Acacia.
Ann and David Sutherland remarked, “After owning the Company for over thirty years, we had a very high‐standard for our new financial partner.  The Acacia team has a very different approach from traditional private equity groups, and it lined up perfectly with our company culture.  We wanted to make sure we didn’t change the culture that we have fostered and has served us so well in the past. We look forward to continuing to run the business and utilizing the resources that Acacia will bring to the table.”

Acacia’s equity comes from multiple long‐term oriented partners, including ORIX Mezzanine & Private Equity and several other family offices.  Acacia also partnered with Cadence Bank to provide the Senior Credit Facility, used McGuire Woods for legal representation and Ernst & Young for financial due diligence support.  The Company was represented by GuideCap Partners LLC.

About Sutherland Perennials Group
Perennials Fabrics is recognized as the leader in luxury performance fabrics by interior designers and high‐end retail customers.  Perennials combines the look and feel of high‐quality natural materials with the properties of more durable outdoor fabrics including resistance to stain, water, mold and mildew along with UV stability and carefree maintenance.  Perennials fabric can even be bleached while maintaining its vivid colors. Sutherland Furniture has created the preeminent outdoor luxury furniture brand through partnerships with the world’s leading designers and by utilizing the highest quality materials (including Perennials fabrics).  Sutherland Furniture sells primarily through high‐end showrooms targeting interior designers.  David Sutherland Showrooms is a full‐service, multi‐line showroom which serves the professional interior design market in seven locations across the United States.