RIO Brands Receives Private Equity Investment from Guardian Capital Partners

RIO Brands LLC, a Conshohocken, PA-based is a leading supplier of a full line of outdoor furniture and other related accessories used for the beach, backyard, patio, parks and other outdoor venues, has received a private equity investment of undisclosed amount from Guardian Capital Partners.

Warren, Ira and Mark Cohen sold a 60% stake of the company, and are retaining 40% to partner with Guardian and continue as the executive team.

Led by CEO and President Warren Cohen, RIO Brands RIO has become the dominant market leader in the beach furniture category and intends to leverage the investment for expansion of the business.

Centerfield Capital Partners and Bowside Capital provided additional financing and minority equity; PNC Business Credit provided senior debt financing for the transaction.



Join the discussion