Royal Baths Manufacturing Company Expands Texas Operations
Austin, Texas – October 17, 2014 – Cotton Creek Capital Management II, LLC is pleased to announce that portfolio company, Royal Baths Manufacturing Company, Ltd. (“Royal”), has expanded its operations in Central Texas. Through the acquisition of a 25,000 square foot distribution and stone fabrication facility in Buda, TX, Royal will combine operations with recently acquired CounterSource and continue to serve a diverse customer base including production and custom builders, as well as multifamily and commercial developers. The facility significantly expands capacity and positions the business to capitalize on economic growth in the Central Texas region. From this new location, Royal will supply acrylic, cultured marble, natural stone, and laminate kitchen and bathroom products.
Royal is the second platform investment from Cotton Creek Capital Partners II, L.P., Cotton Creek’s second standalone private equity fund, and represents a continuation of its investment strategy of partnering with privately-held lower, middle-market businesses in the Southern United States.
About Royal Baths
Royal was founded in 1969 as a supplier of bathroom products to the residential construction market. Royal has been built on the philosophy of providing a superior value to the customer. This includes offering high quality bathroom products with on time delivery and excellent service for a fair price. With a broad product line that includes both acrylic and cultured marble products, Royal has pioneered a unique, direct to builder strategy. This approach is supported by custom manufacturing and installation services via facilities throughout Texas and Florida.
In June 2014, Royal acquired Dallas, TX-based The CounterSource, Inc. (“CounterSource”). CounterSource is a custom countertop provider with facilities in Dallas/Fort Worth and Austin, Texas. The addition of CounterSource gives Royal additional scale, breadth, and capabilities to serve its customer base and expands its product offerings to include laminate, natural or engineered stone, and solid surface countertops.
For more information, visit the Royal Baths and CounterSource websites at www.royalbaths.com and www.countersource.net.
About Cotton Creek Capital
Cotton Creek Capital is a Texas-based private equity firm focused on investing in and growing established lower middle market companies in manufacturing, value-added distribution, industrial services, energy, business services, healthcare services and consumer staples. The firm invests in companies with enterprise values between $15 million and $200 million partnering with management teams on a variety of transactions, including buyouts, recapitalizations, buy-and-builds, and corporate divestitures. Cotton Creek Capital has offices in Dallas, Fort Worth, and Austin and is affiliated with Brownlie & Braden, LLC, a provider of financial advisory services to high net worth families for over 20 years. For further information, visit Cotton Creek's website at www.cottoncreekcapital.com.
Media Contact:
Elizabeth Hatfield
P: 214-242-0700
ehatfield@cottoncreekcapital.com