Clearlake Capital Group today announced it has signed a definitive agreement to acquire TKE Holdings, Inc., dba Dimora Brands, a leading provider of branded specialty hardware and home accessories, from affiliates of The Jordan Company.
Financial terms of the transaction were not disclosed.
Founded in 2006, Clearlake Capital Group is an investment firm operating integrated businesses across private equity, credit and other related strategies.
With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.®
The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has approximately $70 billion of assets under management, and its senior investment principals have led or co-led over 300 investments.
The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, United Kingdom and Dublin, Ireland.
Dimora Brands, a Dallas-based designer, manufacturer and seller of high-end hardware and home accessories, was created in 2010 by the merger of Top Knobs and Hardware Resources.
Since then, the Company has become an industry leader by delivering a premium product offering that appeals to a diverse set of aesthetic styles and price points. Dimora Brands achieved its strong reputation through consistent successful launches of new kitchen and bath decorative and functional products, as well as through acquisitions of other leading companies with complementary product lines.
Underlying the Company’s significant track record of excellence is a robust logistics operation that delivers over 29,000 SKUs across the United States.
The Company was advised by Baird, and Clearlake was advised by Deutsche Bank.