Kinderhook Industries Acquires Another Line, Inc.
The Transition Companies LLC (“TTC”) is pleased to announce the acquisition of Another Line, Inc. in Lake Forest, California
Dallas, TX, December 10, 2010 --(PR.com)-- The Transition Companies LLC is pleased to announce the acquisition of Another Line, Inc. TTC acted as Another Line, Inc.’s sole M&A advisor for this transaction. The transaction closed in November 2010.
Doug Milner, Managing Director at TTC said: “This transaction is a case study in delivering 1+1=3 economics. Our clients were able to benefit from those economics both at the closing, and going forward with significant ownership of the combined entity.”
Another Line, Inc. (the “Company” or “Another Line”) is a leading supplier of women’s belts and various fashion accessories. Another Line’s private label and branded products can be found in well known department stores and specialty retailers throughout the United States.
“Before considering any sale of the business, or any combination with another company, I needed to be sure the outcome would be in the best interests of my faithful staff and our loyal customers. Putting two great companies like Another Line and Lodis together does exactly this, creating a bigger and more dynamic company that offers new and existing employees an exciting and stable work environment and opens up our combined customer base to new and diverse product categories,” said Gavin Kaplan, Another Line’s Founder.
Founded in 1988 and employing approximately 48 people, Another Line has 2 locations including its headquarters in Lake Forest, California, and a showroom in New York City. The acquisition of Another Line by Lodis Accessories, Inc. (”Lodis”), a portfolio company of New York private equity fund Kinderhook Industries, creates a powerful strategic combination. Los Angeles based Lodis is a premier supplier of small leather goods and fashion accessories for men and women including clutches, wallets, bags, and travel accessories.
Thomas L. Tuttle, Managing Director of Kinderhook Industries said, “We enjoyed working with TTC on this important transaction for our portfolio company. We are excited to join Lodis with Another Line’s management, staff, customers and designs. The combined business will be in a position to provide a more complete suite of products to our clients and leverage the unique strengths of both companies to grow the leather accessories category.”
The Transition Companies LLC, headquartered in Dallas, Texas is a leading Mergers and Acquisition ("M&A") firm that specializes in maximizing the enterprise value received by owners when selling their privately-held companies.
TTC also provides business optimization consulting services for companies that want to increase their performance and earnings in the short-term, while increasing their market value for a future sale. Tracing it roots back to 1988, TTC has offices in Texas, New Jersey, California, Colorado and Ontario, Canada.
Contact:
Richard D Parker
Executive Director Operations
Phone 972-450-3100
http://www.TransitionCompanies.com
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Doug Milner, Managing Director at TTC said: “This transaction is a case study in delivering 1+1=3 economics. Our clients were able to benefit from those economics both at the closing, and going forward with significant ownership of the combined entity.”
Another Line, Inc. (the “Company” or “Another Line”) is a leading supplier of women’s belts and various fashion accessories. Another Line’s private label and branded products can be found in well known department stores and specialty retailers throughout the United States.
“Before considering any sale of the business, or any combination with another company, I needed to be sure the outcome would be in the best interests of my faithful staff and our loyal customers. Putting two great companies like Another Line and Lodis together does exactly this, creating a bigger and more dynamic company that offers new and existing employees an exciting and stable work environment and opens up our combined customer base to new and diverse product categories,” said Gavin Kaplan, Another Line’s Founder.
Founded in 1988 and employing approximately 48 people, Another Line has 2 locations including its headquarters in Lake Forest, California, and a showroom in New York City. The acquisition of Another Line by Lodis Accessories, Inc. (”Lodis”), a portfolio company of New York private equity fund Kinderhook Industries, creates a powerful strategic combination. Los Angeles based Lodis is a premier supplier of small leather goods and fashion accessories for men and women including clutches, wallets, bags, and travel accessories.
Thomas L. Tuttle, Managing Director of Kinderhook Industries said, “We enjoyed working with TTC on this important transaction for our portfolio company. We are excited to join Lodis with Another Line’s management, staff, customers and designs. The combined business will be in a position to provide a more complete suite of products to our clients and leverage the unique strengths of both companies to grow the leather accessories category.”
The Transition Companies LLC, headquartered in Dallas, Texas is a leading Mergers and Acquisition ("M&A") firm that specializes in maximizing the enterprise value received by owners when selling their privately-held companies.
TTC also provides business optimization consulting services for companies that want to increase their performance and earnings in the short-term, while increasing their market value for a future sale. Tracing it roots back to 1988, TTC has offices in Texas, New Jersey, California, Colorado and Ontario, Canada.
Contact:
Richard D Parker
Executive Director Operations
Phone 972-450-3100
http://www.TransitionCompanies.com
###
Contact
The Transition Companies
Richard D Parker
972-450-3100
http://www.thetransitioncompanies.com
Richard D Parker
972-450-3100
http://www.thetransitioncompanies.com
Contact
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