Case Study

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Growth Private Equity Partnership of High-end Moving and Storage Business

  • Location: Headquartered in the Southeastern US
  • Sectors: High-end household moving & storage
  • Ownership: Privately Held
  • Situation Type: Private Equity Partnership

Company Overview:

High-end moving and storage business that focuses its service offering on interior design and decorator clients and their end customers. The Company provides receiving, storage, delivery, moving and install services to its customers.

Situation:

Brookline was engaged by the shareholder/founder of the Company to help bring on a private equity partner that would support the Company’s intention to grow through acquisition into additional markets.

Brookline's Tailored Approach:

Brookline helped mold the Company’s historical ad hoc success of operating in 7 markets into a model focused on growing into substantially more markets organically and through acquisition. Brookline led the process that created an opportunity for the founder to partner with a private equity group that has successfully covered that Southeastern US and had previously been a great partner for Brookline in the past. Brookline managed the diligence process and assisted legal counsel in negotiating all agreements to close the partnership transaction.

Result:

The business was recapitalized with a respected private equity group, which provided the founder with a substantial liquidity event and an opportunity to re-invest and participate in the upside in the partnership. This partnership plans to grow rapidly in several other geographies both organically and by way of acquisition.

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