Parent Company Of The Largest Chain Of Total Bathroom Renovation Companies In The US Is Acquired

Parent Company Of The Largest Chain Of Total Bathroom Renovation Companies In The US Is Acquired

Riċentement, Home Brands Group Holdings Inc, il-kumpanija prinċipali ta’ Re-Bath, the largest bathroom renovation companies chain in the US, announced that it had been acquired by private equity firm TZP Group LLC (“TZP”), but no details of the transaction were disclosed.

Skont rapporti tal-midja barranija, Re-Bath’s parent company first ventured into the total bathroom renovation industry in 1978, focusing on the hospitality sector. Fil 1991, Re-Bath opened its first franchise shop and entered the residential bathroom renovation market. It has now grown to over 100 sellers across the United States and has served over 1,000,000 bathrooms, which makes it the largest chain of bathroom renovation companies in the United States.

TZP, li akkwistat il-kumpanija prinċipali ta’ Re-Bath, is a private equity firm with a family of approximately $2 billion funds under management, inklużi TZP Capital Partners, Imsieħba TZP Small Cap, TZP Strategies u TZP Strategies Acquisition Corp.

Re-Bath CEO Brad Hillier said, “We are pleased to begin our next chapter of growth with this investment in TZP. This represents the growth and success we have achieved and the right direction we are moving in.” It-tkabbir aċċellerat riċenti ta 'Re-Bath iġibha eqreb lejn l-għan tagħha li ssir a $1 biljun kumpanija. Biex jintlaħaq dan it-tragward, Re-Bath qed tippjana li tisfrutta r-riżorsi ta’ TZP, tkompli tiffoka fuq sħubijiet ma 'franchisees kbar, issaħħaħ is-sħubijiet ma’ kumpaniji ta’ klassi dinjija, timmassimizza l-opportunitajiet mal-imsieħba nazzjonali tal-bejgħ bl-imnut, and leverage new technology and innovation. Taken together, these efforts could propel Re-Bath to become a household name nationwide.