Sullivans Brands has been Acquired by ICV Partners

Fort Point Capital has sold Sullivans Brands to ICV Partners.

Based in Sioux Falls, South Dakota, Sullivans is a market leading designer and distributor of everyday and seasonal home décor, garden and outdoor products. Sullivans leverages its reputation for quality, distinctive designs and customer care to serve a diverse and loyal customer base of independent gift and décor retailers, leading national accounts and the e-commerce channel, including direct-to-consumer.

ICV Partners is a Miami-based private equity firm that partners with businesses in the business service, food and beverage, consumer and healthcare sectors.

Fort Point Capital is a private equity firm based in Boston, Massachusetts, that partners with growth-oriented, lower-middle-market companies.

Oaklins TM Capital in the US served as the exclusive financial advisor to Sullivans Brands, a portfolio company of Fort Point Capital, in its sale to ICV Partners.

Service

M&A sell-side

Parties

“It was an honor for Fort Point Capital to work alongside a top-tier management team and be part of the Sullivans Brands story, helping to build an industry heavyweight in the gift and home décor sector. Oaklins TM Capital was an important partner in articulating the Sullivans investment thesis to the market and in building the case for the company’s continued momentum. The team’s long-standing expertise in the gift and home décor sector proved to be invaluable to our process. This industry insight paired with their senior level dedication helped to create a great outcome for the Sullivans and Fort Point team.”

Brooke Ablon

Partner and co-founder, Fort Point Capital

Talk to the deal team

Craig M. Gibson

Managing Director

Boston, United States
Oaklins TM Capital

View profile Get in touch

Philip S. Krieger

Managing Director

Atlanta, United States
Oaklins TM Capital

View profile Get in touch

Peirce Sullivan

Associate Director

Boston, United States
Oaklins TM Capital

View profile Get in touch

Related deals

iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets

Private Equity | Construction & Engineering Services | Energy | TMT

iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets

iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.

Learn more

Terra Holding S.r.l. has launched a voluntary public tender offer for Gibus S.p.A.

Consumer & Retail

Terra Holding S.r.l. has launched a voluntary public tender offer for Gibus S.p.A.

Terra Holding S.r.l. has initiated a voluntary public tender offer for the shares of Gibus S.p.A.

Learn more

Chequers Capital has acquired Gourmet Italian Food to strengthen presence in the ready meals sector

Private Equity | Food & Beverage

Chequers Capital has acquired Gourmet Italian Food to strengthen presence in the ready meals sector

Chequers Partenaires S.A., acting as the management company of the private equity fund Chequers Capital XVIII SLP, together with management, has completed the acquisition of 100% of the share capital of Gourmet Italian Food S.p.A. (GIF). The company was previously owned by Alcedo SGR S.p.A. through the Alcedo IV Fund, FVS SGR S.p.A. through the Sviluppo PMI Fund, and minority shareholders.

Learn more