Saugatuck Capital Company has made an investment in Harbor City, California-based Lunada Bay, a maker of handcrafted glass, ceramic and concrete tiles for the remodeling and architectural and design markets. No financial terms were disclosed.
Shelton, CT, July 18, 2019 – Saugatuck Capital Company (“Saugatuck”) is pleased to announce its investment in Lunada Bay Corp. (“Lunada Bay” or the “Company”) which does business under the Lunada Bay Tile, Murrine Mosaics and Accents in Tile brand names. Headquartered in Harbor City, California, Lunada Bay creates handcrafted glass, ceramic and concrete tiles for the remodeling and architectural and design markets. Saugatuck provided a majority of the equity capital through its investment vehicle Saugatuck Capital Company X, LLC which now owns Lunada Bay alongside current management. Graycliff Partners provided the debt financing along with senior lender Webster Bank.
About Saugatuck Capital Company
Founded in 1982, Saugatuck Capital Company is a long-established private investment firm committed to leveraged recapitalizations and buyouts and growth equity investments in the lower, middle market. Sourcing investment opportunities through its well-established network, Saugatuck invests in service-intensive businesses demonstrating a proven ability to generate stable, growing cash flows where it has the requisite experience to drive accelerated portfolio company performance. For over three decades, the Firm has been dedicated to the philosophy of hands-on value creation in which exceptional management teams, in partnership with Saugatuck’s capital and expertise, build companies of outstanding value.
About Lunada Bay Corp.
Lunada Bay is one of the largest national designers and suppliers of high-end decorative tile. Since its inception in 2000, the Company has established a well-known and recognized brand name within the industry and among its high-end showroom distribution channels. The Company manufactures glass, ceramic and concrete tiles with an emphasis on simplicity, texture and color. Its design staff uses specialized manufacturing techniques in concert with its suppliers that create effects unlike any other source in the industry to develop products that resonate with, and inspire, the way people want to live.
For further information regarding Saugatuck and its investments, please visit www.saugatuckcapital.com.