RLH Equity Partners has agreed to partner with Jim Morley to to seek portfolio company acquisitions in the consumer durables space. Morley and RLH previously worked together on both Igloo Products and Enviroworks.
Riordan, Lewis & Haden | Equity Partners (RLH), a leading Southern California based private equity firm, announced its partnership with Jim Morley, a 25-year veteran in the consumer durables sector, to seek portfolio company acquisitions. Segments of particular interest include home improvement, lawn and garden, storage and organization, sporting goods, outdoor recreation, luggage and travel accessories, and pet products.
“A key factor in our firm’s success has been the opportunity to work with talented CEOs who bring a proven track record to the challenges of building a business. Jim is such an individual and we are privileged to have him on our team,” said Michel Glouchevitch, partner of Riordan, Lewis & Haden. Mr. Glouchevitch continued, “Included in his excellent track record are two very successful prior business-building endeavors, Igloo Products and Enviroworks, in which we were partners. In each instance, Jim broadened the product line through innovation, expanded sales in the mass channel, and strengthened the leadership team, resulting in a dramatic earnings improvement.”
According to Mr. Morley, “I chose to work with RLH because of their reputation for creating successful partnerships with management teams and their decades of private equity experience, as well as my history of working with Michel Glouchevitch to build significant equity value in previously undermanaged enterprises.”
Riordan, Lewis & Haden and Mr. Morley are focused on acquiring businesses with annual revenues of $50-400 million, broad distribution including the mass merchandiser channel, a recognized brand, meaningful market share, products with a retail price point of less than $250, and sub-optimal financial performance which offers a value creation opportunity. To learn more visit www.RLHequity.com/jimmorley
About Riordan, Lewis & Haden
Riordan, Lewis & Haden is a leading private equity firm based in Southern California which invests in high growth, middle-market enterprises. RLH has a demonstrated track record of consistent success over the last 25+ years. With offices in Los Angeles and Orange County, RLH provides capital and assists portfolio company management teams as they navigate the opportunities and challenges of growth. The firm currently manages over $400 million of capital and is actively seeking new portfolio companies. Collaborating with portfolio company management, RLH provides expertise, contacts, and experience-based advice on important strategic issues.