New York-based private equity firm The Jordan Company agreed to sell Dallas-based Dimora Brands, a provider of branded specialty hardware and home accessories, to Clearlake Capital Group.
Baird served as financial advisor to Dimora and Nomura Securities served as an advisor to the board of directors. Winston & Strawn served as legal counsel to Dimora.
Dimora’s existing management team, led by Greg Gottlieb, CEO, will continue to lead the company. Financial terms of the transaction were not disclosed.
“Our team is thankful for the opportunity to partner with The Jordan Company for the past four years,” Gottlieb said. “With their guidance and support, Dimora Brands has continued its growth into a leader in kitchen and bath products. We expect to enjoy the benefits of Clearlake’s deep experience in building products and their insights into operational excellence as we continue to build on our successes.”
“Greg and the rest of the team at Dimora have been incredible partners with us for nearly five years. They have created a growth-oriented business model and a team culture unrivaled in their industry. They are proven winners and we are excited to see them continue to grow and evolve in partnership with Clearlake,” Mike Denvir, partner of The Jordan Company, said.
The transaction is expected to close in December, subject to customary closing conditions.
