Brown Jordan buys Tropitone Furniture
Brown Jordan International, which is backed by Crescent Capital Group, said Monday it has acquired Tropitone Furniture. Financial terms weren’t announced. Pfingsten Partners, in 2007, led a buyout of Tropitone, a seller of outdoor casual furniture. The deal was financed by cash on hand as well as debt financing from AIG Investments and Bank of America Merrill Lynch. Moelis & Company was the financial advisor and debt placement agent to Brown Jordan. Intrepid Investment Bankers advised Tropitone.
15 September 2014•3 mins read
