High Road Capital buys Cali Bamboo

High Road Capital Partners said Wednesday that it has acquired Cali Bamboo. Financial terms weren’t announced. San Diego-based Cali Bamboo makes and retails directly to consumers bamboo flooring and sustainable building products. Shoreline Partners LLC advised Cali Bamboo.


NEW YORK, July 15, 2015 – High Road Capital Partners (www.highroadcap.com) announced today that it has acquired Cali Bamboo, LLC (www.calibamboo.com), marking High Road Capital Partners Fund II’s fifth platform acquisition. The transaction closed July 10, 2015.

Cali Bamboo is a leading manufacturer and direct-to-consumer retailer of bamboo flooring and sustainable building products. Based in San Diego, California, the company offers bamboo flooring, composite decking, bamboo plywood, eucalyptus flooring, bamboo fencing, and cork tiles. Bamboo is among the fasting-growing plants on Earth, making it an environmentally sustainable alternative to conventional hardwoods.

“Cali Bamboo prides itself on providing the highest-quality, sustainable building products, along with delivering an outstanding customer experience. Since founding the company in 2004 as a direct-to-consumer, online retailer of bamboo building products, we have served more than 250,000 customers,” said Jeff Goldberg, founder and CEO of Cali Bamboo. “We are building a presence in other distribution channels, including a rollout with a premier home improvement retailer. High Road will provide guidance and resources to support the rapid growth of our business,” Goldberg said.

“Green building products are a rapidly growing segment of the new construction and remodeling markets. Consumers and businesses are seeing the aesthetic, economic and environmental benefits of bamboo and other renewable materials over traditional hardwoods,” said Ben Schnakenberg, High Road Partner. “Cali Bamboo is a pioneer in bamboo flooring and continues to lead the industry in growth and innovation. We look forward to working with Cali Bamboo’s entrepreneurial team to leverage the company’s strong brand across new product categories and to more fully develop multiple distribution channels,” Schnakenberg said.

Ben Schnakenberg led the transaction for High Road and was assisted by Jerry Anderson, Operating Partner; Scott Rubino, Vice President; and James Karle, Associate. Monroe Capital provided financing for the transaction. Cali Bamboo co-founders Jeff Goldberg, CEO, and Tanner Haigwood, Vice President of Business Development, invested in the transaction alongside High Road and will continue to lead the company post-closing. Cali Bamboo was represented in the transaction by Shoreline Partners, LLC. Transaction consideration was not disclosed.

High Road has completed 37 transactions, comprising 33 acquisitions – 14 platform investments, 19 add-on acquisitions – and four exits since its founding in 2007.

For further information, please contact Ben Schnakenberg of High Road Capital Partners at (212) 554-3269.

High Road Capital Partners
High Road Capital Partners is a private equity firm focused on smaller middle-market transactions. High Road was formed in 2007 and currently manages over $470 million of committed capital. High Road focuses on niche-leading companies with revenues of $10 million to $100 million and EBITDA of $3 million to $10 million. Once acquired, High Road works in partnership with management to take the companies to the next level through a combination of organic growth initiatives and add-on acquisitions. www.highroadcap.com

Cali Bamboo
Headquartered in San Diego, Cali Bamboo manufactures green building materials made primarily of bamboo — one of the world’s most durable, sustainable and renewable materials. Founded in 2004, the company has become a model of how individuals, businesses and communities can implement modern design while maintaining structural strength and environmental integrity. Cali Bamboo services residential and commercial building projects across North America with a wide range of products including bamboo flooring, fencing, composite decking, plywood, cork wall tiles, poles, paneling and more. www.calibamboo.com