The capital will allow the company to expand both organically and through acquisitions. Following the transaction, the Cordover family will maintain a significant equity ownership stake in the business.
Led by Chairman and CEO Jeff Cordover, the Robert Allen Group sells its products under the Beacon Hill, Robert Allen, Robert Allen Contract and Robert Allen @ Home brands. It has showroom locations throughout the United States, Canada, and the United Kingdom, and an extensive worldwide agent showroom network.
Robert Allen will continue to provide service, support and products interior design professionals and commercial customers.
Stifel Nicolaus Weisel served as Robert Allen’s financial advisor on the transaction.