Kalisher, a portfolio company of LongWater Opportunities, has acquired Soho Myriad, a provider of custom art packages for the hospitality, luxury, cruise line and high-end commercial industries. No financial terms were disclosed.
Atlanta, GA, March 14, 2019: LongWater Opportunities, an operationally-focused private equity firm headquartered in Dallas, Texas, is pleased to announce the acquisition of Soho Myriad, Inc. (“Soho Myriad”), a consultant, curator, and manufacturer of custom art packages, from Janie Stanfield, who co-founded the business in 1995.
A pioneer in fine art consulting, Soho Myriad has been creating custom art packages for hospitality, luxury, cruise line and high-end commercial projects since 1995. Soho’s team offers a multitude of services, ranging from consulting to fabrication and custom framing all from their Atlanta, Georgia headquarters.
Soho Myriad, the seventh investment in LongWater’s second equity fund, will partner with Kalisher, a North Carolina-based creator, curator, and manufacturer of art for the commercial hospitality industry acquired by LongWater in February 2018 (www.kalisher.com).
“Kalisher and Soho Myriad are natural complements,” says Janie Stanfield, President and Co-Founder of Soho Myriad.
“We’re excited by the many opportunities, professional and creative, that will undoubtedly emerge from this partnership.” David Winton, President & CEO of Kalisher commented, “This is an extraordinary opportunity to now partner and collaborate with the immense talent and experience of Soho Myriad. The joining of our two companies brings Soho Myriad’s deep experience of producing with outside fine artists into harmony with Kalisher’s team of in-house artists and art curators. We now offer an unprecedented and unmatched global art company that combines our collective of creative professionals and artists, affordable custom art fabrication and framing, and an exclusive network of fine artists. Together we can create more art for people to love.”
LongWater touts the combined company as good for the customers, employees, and all that appreciate fine art. “We are excited to bring two great businesses together that share a common goal; create and curate great art for everyone,” says Jordan Bastable, LongWater Opportunities Co-Founder and Partner. “The Kalisher acquisition of Soho Myriad presents an extraordinary opportunity for growth and development for these two successful, passionate and creative companies and their employees.”
About LongWater Opportunities
LongWater Opportunities, headquartered in Dallas, Texas with an office in Fargo, North Dakota, is an operationally-focused private equity firm that targets control buyout equity investments in lower middle market U.S.-based manufacturing companies in partnership with family owner-operators and entrepreneurs. LongWater was founded in 2009 with a vision to create a different kind of private equity firm – one that centers on mutually aligned interests and investing patient capital to build successful American manufacturing businesses. LongWater recognizes that long-term value is created through taking a hands-on approach with its portfolio companies to identify and execute strategic and operational initiatives that create sustainable competitive advantages.
For more information, please visit www.longwateropportunities.com
Headquartered in Carrboro, North Carolina, Kalisher is one of the world’s leading creators, curators and manufacturers of art for the hospitality industry with additional revenue streams coming from healthcare, cruise liner, restaurant and corporate clients. With an in-house stable of artists and a full curatorial team, Kalisher custom designs art packages for hospitality clients ranging from select service to luxury resorts and is an approved vendor or in the brand standard for nearly every major hotel chain in North America. As a one-stop shop, Kalisher also operates a world-class printing studio and manufacturing facility, where it creates and ships thousands of art pieces every month. To round out its capabilities and geographic reach, Kalisher also has a full team and office in London to serve the European, Middle East, and African (“EMEA”) markets.
For more information on Kalisher, please visit www.kalisher.com