Camano Capital LLC said Jan. 14 that it completed the majority recap of Omnia Italian Design LLC. Financial terms weren’t announced. Omnia, of Chino, California, designs, makes and distributes leather furniture.
SEATTLE and MINNEAPOLIS and CHINO, Calif., Jan. 14, 2019 /PRNewswire/ — Camano Capital, LLC (‘Camano’), a consumer-focused private equity firm with offices in Seattle and Minneapolis, is pleased to announce the majority recapitalization of Omnia Italian Design, LLC. (‘Omnia’ or the ‘Company’).
Omnia, located in Chino, CA, is a leading designer, manufacturer and distributor of leather furniture. For over 30 years, Omnia has manufactured premier leather furnishings entirely in the U.S.A. Omnia’s proprietary, U.S. based system of ‘personalization,’ allows the Company to create premium leather furniture to meet the specific needs of each customer, in a fraction of the time required by other foreign or domestic furniture manufacturers.
Tom Newell from Camano stated, “We feel very fortunate to be able to partner with Peter and Louie to grow Omnia to the next level. The future of furniture retail is in both through traditional retail and online channels, and Omnia is uniquely positioned to serve both of those markets in a way no other manufacturer can. We are excited to have the chance to work with Omnia to capitalize on that opportunity.”
Omnia is led by CEO Peter Zolferino and COO Louie Nastri, the children of the founders, who will continue to manage the business day-to-day. The capital infusion from Camano Capital will allow the Company to focus on significant expansion within both traditional furniture retail and online channels.
“Louie and I are excited to partner with Camano to help grow and expand the Omnia brand and product line,” said Peter Zolferino, Omnia CEO. “We were focused on finding a partner that would not only inject significant energy and growth potential into the business, but would also be a good steward of our brand, our employees and our family’s company. Taylor, Tom and the Camano Capital team are an excellent fit for us in all those areas.”
About Camano Capital:
Camano Capital is a private equity firm with offices in Seattle and Minneapolis that seeks to invest in differentiated, branded consumer companies that appeal to everyday consumers. Camano provides flexible capital solutions to business owners seeking liquidity events or growth equity, structuring each investment to achieve the optimal outcome for our partner businesses. Camano, and our group of advisors, bring financial, marketing and operational expertise to each investment, providing the resources necessary for accelerated growth.
About Omnia Italian Design, Inc.
Omnia Italian Designs, Inc. (‘Omnia’ or ‘The Company’), based in Chino, California, is the largest designer and manufacturer of premium leather furniture in the Western United States. All of its products are manufactured in the USA and are made to order. Omnia was founded in 1989 and is still family run by the sons of the founders. The Company combines craftsmanship, quality and styling to create a premium product offering and brand recognized by furniture retailers industry-wide.