Weller Equity Partners (Weller), a Louisville, KY-based private equity firm, today announced that it has acquired KFI Seating (KFI), a Louisville, KY-based leading supplier of business and institutional furniture products. The acquisition closed on July 29, 2016.
“We have been looking for an experienced partner to help us replace a retiring co-owner and key executive, while keeping our sights fixed on the continued growth and development of our business,” said Chris Smith, president of KFI. “We feel very comfortable with our new partnership with the Weller team, especially considering we are both based in Kentucky,” added KFI Chief Operating Officer Scott Williamson.
According to Ken Berryman, managing partner of Weller, “The KFI transaction is a classic fit for Weller as we look to partner with existing management teams to provide liquidity for shareholders, capital for growth, and organizational development to help businesses achieve their full potential.”
KFI was represented by Charter Capital Partners, with Andrew Williams, director, leading the transaction advisory team. “A key component of the transaction’s success was making sure everyone’s interests were aligned,” commented Williams. “The transaction was designed so that each co-owner of KFI was able to achieve their financial and personal goals, while providing the company with a strategic partner to propel future growth. It was a win-win for all parties.”
Additional advisors to Weller included Frost Brown Todd (legal) and BKD (financial). Read more at PR Newswire