Capital Partners-backed American Leather Acquires Brookline Furniture

12/18/17

Capital Partners® is pleased to announce that American Leather Holdings, LLC, a portfolio company of Capital Partners Private Equity Income Fund II, LP and Capital Partners Private Equity Income Fund Inst., LP, acquired Brookline Furniture, LLC on December 1, 2017. American Leather was acquired by CP II in July 2012 and American Leather acquired LEE Industries (Conover, NC) in October 2016.

“Joining forces with Brookline enables us to offer our hospitality customers an even broader product line with more price points to fit our customers’ needs” said American Leather CEO Bruce Birnbach. “Brookline’s well-run operations and focus on superb customer service lines up well with American Leather and LEE Industries philosophies.”

As with its other investments, Capital Partners® structured the initial American Leather transaction and the Brookline transaction primarily with equity and only a moderate level of debt financing in order to provide a strong balance sheet from which to implement its growth plan.

About Brookline Furniture:

Since 1999, Brookline Furniture (http://www.brooklinefurniture.com) has manufactured upholstered furniture for the hospitality market in Archdale, North Carolina. Brookline works closely with designers and purchasing agents to drive excellence in all its projects.

About American Leather:

Founded in 1990, American Leather (www.americanleather.com) makes premium custom-upholstered leather and fabric furniture at its Dallas, Texas, manufacturing facility. Recognized as the industry leader in innovation, American Leather delivers high-quality, made-to-order contemporary and transitional furniture in three weeks or less to its retailers – a delivery standard approximately three times faster than the industry average. American Leather also manufactures innovatively styled, customized high-quality home furnishings at its four LEE Industries (www.leeindustries.com) facilities in Conover, North Carolina.

About Capital Partners:

Capital Partners, headquartered in Norwalk, Connecticut, is a private equity firm focused on creating value by acquiring and building manufacturing, value-added distribution, specialty consumer and business service companies predominately in the United States. Capital Partners works closely with management teams of small and mid-sized private businesses to develop strategies and provide needed resources to grow their companies. Additional information is available on the firm’s website at www.capitalpartners.com.

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