LongueVue Capital Announces the Sale of Premier Store Fixtures
LVC Successfully Exits Leading Retail Services Portfolio Company
New Orleans (August 10, 2015) - LongueVue Capital (“LVC”), a New Orleans-based private equity firm, announced today the sale of Premier Store Fixtures (“Premier”) to Tailwind Capital, a New York-based private equity firm.
Headquartered in Hauppauge, New York, with manufacturing and distribution facilities in Virginia and support offices and warehouses located throughout the country, Premier is a leading designer, manufacturer, and logistics provider of custom fixtures and merchandising displays for use in retail store environments.
Over the course of LVC’s investment period, Premier continued to demonstrate strong growth in revenue and profitability. The business also accomplished a number of operational improvements including the consolidation and upgrade of warehousing facilities, the streamlining and optimization of its supply chain, and the recruitment and hiring of a number of talented managers to support Premier’s continued growth.
“Our partnership with Premier took place during an incredibly exciting time of growth and transformation,” commented Rick Rees, Co-Founder and Managing Partner of LongueVue Capital. “The management team’s hard work, dedication to operational excellence, and commitment to superior customer service has earned Premier a leadership role in the store fixture space.
We have been privileged to work alongside such an outstanding executive team and share in this rapid growth phase of the business.” “We are deeply appreciative of the resources and support provided by LVC during our time together as partners,” commented Nelson Goodman, Co-Founder & President of Premier. He added, “Their pro-active guidance and partnership mentality have been instrumental in positioning Premier to achieve this fantastic outcome. We look forward to expanding upon this track record of success and the bright future that lies ahead.”
About LongueVue Capital:
LongueVue Capital is a private equity company focused on making situation-driven, value-oriented equity and debt investments in lower middle market companies (up to $100 million in annual revenue) to support buy-outs, recapitalizations, acquisitions and growth. Since its formation in 2001, LVC has made successful investments in a wide variety of industries, including energy services, logistics, electrical and instrumentation services, wireless technology, manufacturing, and healthcare services. LVC is based in New Orleans with additional offices in New York and Salt Lake City. For more information, please visit www.lvcpartners.com.
For inquiries, please contact email@example.com or call 504.293.3600.
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