Ancor Capital Partners has sold Fleuron Enterprises to Rowley Company. No financial terms were disclosed. Based in Dallas, Fleuron is a maker of drapery hardware products for the interior design sector.
SOUTHLAKE, Texas–(BUSINESS WIRE)–Ancor Capital Partners is pleased to announce the sale of Dallas-based Fleuron Enterprises to Gastonia, North Carolina-based Rowley Company. Fleuron is a leading provider of premium drapery hardware to the design trade and operates under four brands: The Finial Company, Paris Texas Hardware, Gould New York, and Components.
“Over the course of our ownership, we were able to make two significant acquisitions, including Paris Texas Hardware and Gould, which transformed Fleuron from an entrepreneurial company to a professionally managed enterprise,” said Ray Kingsbury, Managing Director at Ancor. “It is gratifying to see the management team’s accomplishments and the recognition of their ability to contribute to a larger platform company with the opportunity with Rowley.”
According to Kingsbury, Ancor partnered with long-time investor Independent Bankers Capital Funds (IBCF) through Fleuron’s numerous acquisitions.
“Ancor and IBCF have partnered on deals for over 25 years, which is a testament to the strong relationship between our two firms,” said Kingsbury.
About Ancor Capital Partners:
Ancor Capital Partners, based in the Dallas/Fort Worth Metroplex town of Southlake, Texas, is an operations-oriented private equity firm focused on lower middle-market companies with EBITDA of $5-$15 million. Extensive operational experience gives the Ancor team a unique understanding of the critical business issues faced by lower middle-market companies. Ancor’s proven track record includes 48 acquisitions to date in health care, consumer and other industries. For more information about Ancor, visit http://www.ancorcapital.com.
About Fleuron Enterprises, LLC:
Fleuron Enterprises, Inc. is the industry leader in the design and manufacturing of high-end, premium decorative drapery hardware products for the interior design market. Fleuron offers a complete line of mid-to-high price point products in four established and successful brands: The Finial Company, Paris Texas Hardware, Gould New York, and Components. Fleuron’s brands inspire the design community with ultimate choice and flexibility, and promise an unparalleled customer experience with service, marketing support, and overall client satisfaction.
About Rowley Company:
An industry leader in the window coverings industry, Rowley has been serving drapery and upholstery workrooms, installers and designers since 1962 with over 15,000 workroom, installation, upholstery, notion and decorative hardware products to help its customers design, fabricate and install beautiful custom window and home furnishings. For more information about Rowley company and its family of designer hardware brands including AriA™ Metal Hardware, Finestra® Wood Hardware, Finestra® Custom Decorative Hardware and R-TRAC commercial hardware visit www.rowleycompany.com.