Denver, CO – May 18, 2017
Frontenac, a Chicago-based private equity firm, has completed a majority recapitalization of Colorado Timberline, a leading manufacturer of mass customized home décor, apparel and personalized products sold through internet retailers. Charter Oak Equity joined Frontenac in the transaction. MB Financial provided senior debt and GMB provided junior debt. Terms of the transaction were undisclosed.
Colorado Timberline is a leading manufacturer of mass customized products sold through internet retailers. The Company prints, packs, and ship tens of thousands of orders per day from its state of the art facility in Denver, Colorado. Its industry leading service levels, product quality, and technology have earned the company a loyal and growing following of both established and emerging internet retailers.
Colorado Timberline was founded in 1994 by Dan Greene, who will continue with the company as Chief Innovation Officer. Steve Noe, former CEO of Sportexe, joined Colorado Timberline as CEO. Paul Reilly, former President, CEO and Chairman of Cenveo, Inc., and Matt Williamson, former President of Brady Corporation, will serve on the company’s Board of Directors.
“Frontenac has a history of backing outstanding executives in high potential companies” said Walter Florence, Frontenac Managing Partner. “We are confident that Colorado Timberline’s leadership team will continue to earn customers’ loyalty and drive rapid growth.” Betsy Williamson, a Principal with Frontenac, added “This is an exciting time in the market for mass customized and personalized products. Colorado Timberline is a leader in this market and we are excited to partner with the Company and leadership team.”
Frontenac is a leading private equity firm, based in Chicago. The firm focuses on investing in lower middle market buyout transactions in the food, industrial, and services industries. Frontenac works in partnership with proven operating leaders, through our executive-centric approach called CEO1ST, to identify, acquire, and build market leading companies through transformational acquisitions and operational excellence. The firm has built a leading franchise working with over 225 owners of mid-sized businesses, almost always families or founders, as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit www.frontenac.com.