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Resident Home has been acquired by Ashley Home

Ashley Home, an affiliate of Ashley Global Retail, LLC, has acquired Resident Home. The transaction provides Resident, a leading digital retailer and wholesaler of mattresses and bedding accessories, with an opportunity to expand its home furnishings assortment and global footprint. Resident will experience improved sourcing and efficiencies to foster additional growth in both its direct-to-consumer and wholesale businesses.

Founded in 2016, Resident Home is an industry-leading, digitally native house of brands and a disruptor in the mattress and bedding category. Resident’s success is underpinned by its expertise in data science and e-commerce technology and its award-winning brands Nectar, Dreamcloud, Awara and Siena.

Ashley Home is the largest furniture store brand in North America and one of the world’s best-selling home furnishings brands, with more than 1,125 locations in 67 countries.

Oaklins TM Capital in Atlanta served as an advisor to Resident Home in conjunction with its sale to Ashley Home. The team began working with Resident Home in 2017 and has advised the company on three financing transactions and various other strategic initiatives. These include evaluating acquisitions as well as developing commercial relationships with multiple furnishings retailers, including Ashley Home. Since 2017, Resident Home has expanded rapidly, with a significant increase in revenue.

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“Oaklins TM Capital in Atlanta has been an absolutely invaluable partner to Resident Home over the last six years. Their creativity in developing and executing on financing solutions for Resident was an important contributor to our hyper-growth ascent and a key factor in limiting shareholder dilution along the way. As a true partner, the team consistently sought to open doors for us to enhance our business, whether potential commercial partners, acquisition targets, board members and more. In fact, it was their introduction of Ashley as a potential commercial partner that ultimately led to their acquisition of Resident. In short, few investment bankers understand the e-commerce and home furnishings landscape quite like they do. These last few years have been quite a journey, and the Oaklins team’s involvement over this time has been an important contributor to our success.”

Ran Reske

Co-founder and Co-CEO, Resident Home

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Philip S. Krieger

Philip S. Krieger

Managing Director
Atlanta, USA
Oaklins TM Capital
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