MINNEAPOLIS (August 5, 2021) – Yukon Partners (“Yukon”), a provider of mezzanine capital for middle market private equity transactions, is pleased to announce it has partnered with Industrial Opportunity Partners (“IOP”) to support the recapitalization of Brewster Home Fashions LLC (“Brewster”) and Fine Décor Wallcoverings Ltd (“Fine Décor” and together with Brewster, the “Company”).
The Company is a designer, supplier, and manufacturer of “Do It Yourself” peel & stick wallpaper, peel & stick flooring, traditional wallpaper, home décor, decals, and additional products for the residential market in the U.S. and internationally.
Paul Feinstein will continue leading Brewster as CEO. Mr. Feinstein commented, “We are excited to partner with IOP as we embark on the next stage of our business. I believe their operational expertise and successful track record will be additional assets as Brewster continues to deliver innovative, affordable decorative solutions for consumers seeking to elevate their living space.”
Alberto Satine, an IOP Operating Principal, will assume the position of Chairman of the Company. Mr. Satine is a member of IOP’s Board of Operating Principals which is comprised of experienced executives who provide leadership to the businesses in which IOP invests. Mr. Satine commented, “I believe Brewster’s growing family of peel & stick wallpaper and flooring products, present a significant value creation opportunity that brings the company’s exciting and longstanding designs from the traditional wallpaper market to the increasing “Do It Yourself” segment.”
Kyle Hood, Managing Director of IOP, added, “We are excited to partner with the Brewster team. They have generated an attractive amount of growth in the business and we look forward to supporting them as they continue to grow the Company.”
“We are thrilled to be partnering with IOP and the Brewster management team,” said Michael Hall, Managing Partner of Yukon. “Brewster has established a strong position in the market, and we look forward to supporting the business as it capitalizes on its many exciting growth opportunities.”
Dorsey & Whitney LLP served as legal counsel to Yukon.
Brewster is a designer and supplier of “Do It Yourself” peel & stick wallpaper, peel & stick flooring, traditional wallpaper, home décor, decals, and additional products for the residential market. Brewster’s headquarters and main distribution facility is located in Randolph, Mass, with an additional facility handling home décor products located in Statesboro, Ga. For more information, visit Brewster’s website www.brewsterwallcovering.com.
About Fine Décor
Fine Décor is a U.K. based designer and manufacturer of traditional wallpaper and peel & stick wallpaper. Fine Décor operates out of one facility in Congleton, Cheshire, England. For more information, visit Fine Décor’s website www.finedecor.com.
About Yukon Partners
Yukon Partners is an independent and unaffiliated junior capital provider, primarily serving middle market private equity sponsor led business transactions in the U.S. and Canada. The transactions in which Yukon invests include buyouts, growth and platform strategies, recapitalizations, mergers/acquisitions, and public-to-private buyouts. Yukon typically invests up to $50 million per transaction and currently manages approximately $1.6 billion across four funds. Yukon Partners has offices in Minneapolis, Minnesota and Boston, Massachusetts. For more information, please visit www.yukonpartners.com.
About Industrial Opportunity Partners
IOP, an Evanston, Ill.-based private equity firm with $910 million of committed capital since inception, is dedicated to creating value through investing in manufacturing and value-added distribution businesses with revenue between $30 million and $400 million. IOP focuses on businesses with strong product, customer, and market positions, and provides management and operational resources to support sales and earnings growth at its businesses. For more information, visit IOP’s website at www.iopfund.com.
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