The Robert Allen Group, Inc., a portfolio company of Altamont Capital Partners, has merged with Duralee Fabrics, Ltd. Financial details have not been disclosed.
The Robert Allen Group is a leading designer and marketer of decorative fabrics and furnishings to the interior design trade. The company sells its products under the Beacon Hill, Robert Allen, Robert Allen Contract and Robert Allen @ Home brands. The group has showroom locations throughout the US, Canada and the UK, as well as an extensive worldwide agent showroom network.
Duralee is a family owned and operated company that was founded in 1952 and has consistently offered the interior design market quality products, designed for today's lifestyles, while keeping its focus on excellent value and customer service. They are the fastest-growing decorative fabrics company in the industry today.
Altamont Capital Partners is a private equity firm with over US$2.0 billion of capital under management, focused primarily on making long-term, control investments in middle-market businesses. The firm focuses on companies undergoing a transition, either operational or strategic and its approach relies on partnering with strong management, supporting the business with considerable resources, and bringing a constructive and pragmatic mindset to drive significant long-term value.
One of Oaklins' teams in the US has served as financial advisor to The Robert Allen Group, Inc. in this transaction.
Michael S. Goldman
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