Pacific Northern completes recap

Pacific Northern has completed a recapitalization with management and an investor group led by Barton Creek Equity Partners and Tuckerman Capital. Pacific Northern, founded in 1987, is headquartered in Dallas, Texas and operates manufacturing facilities in Asia and sales activities in the Americas, Europe, and Asia.

PRESS RELEASE

Pacific Northern, Inc., a leading designer and manufacturer of product displays and fixtures for the luxury retail industry, announced today that it has completed a recapitalization with management and an investor group led by Barton Creek Equity Partners and Tuckerman Capital.

Pacific Northern’s management team will retain significant ownership and will continue to deliver innovative, professional design and manufacturing services to its marquis customer list. Barton Creek Equity Partners and Tuckerman Capital are joining Pacific Northern and its management team to help the company continue to improve and expand its services for the world’s leading brands and retailers.

Pacific Northern, founded in 1987, is headquartered in Dallas, Texas and operates manufacturing facilities in Asia and sales activities in the Americas, Europe, and Asia. The company works closely with the world’s best-known watch, optical, jewelry, clothing, and accessory brands and retailers to design, engineer, manufacture, and reliably deliver high quality product displays and in-store fixtures. Pacific Northern’s products are a critical component of brand development for product launches, store refreshes, and new store rollouts.

Eddie Lee, Founder & CEO, stated, “We are excited to have Barton Creek and Tuckerman Capital as our new partners. Their experience and expertise helping founders and management teams build and grow great companies that serve customers exceedingly well are an excellent fit for the next stage of our growth.”

Ron Duncan of Barton Creek Equity Partners stated, “Eddie, his family, and the PN team have built a top-notch company that provides critical services to world class customers in several luxury goods markets. A number of opportunities exist to expand and improve the company’s offerings, and we are thrilled to work with the team to pursue these growth and development opportunities.”

Nick Russell of Tuckerman Capital added, “Partnering with Barton Creek Equity Partners and the Pacific Northern team is a great fit for Tuckerman. Our strategy has always centered on investing behind great management teams supported by experienced deal partners, and we’re excited to add Pacific Northern to our portfolio.”

Baker Botts and Morgan Lewis served as counsel and Houlihan Lokey and McGladrey provided additional support to the investors. Jackson Walker advised the Sellers. Amegy Bank provided financing for the transaction.