Winston Furniture Company, Inc. Acquires the Lyon-Shaw Division of B.B. Walker Company
Winston Furniture Company, Inc., a River Capital portfolio company, has announced its acquisition of the Lyon-Shaw division of B.B. Walker Company (“Lyon-Shaw”). Lyon-Shaw, based in Salisbury, North Carolina, is a manufacturer of wrought iron and tubular steel casual furniture. River Capital, headquartered in Atlanta, Georgia, is a private investment firm. The purchase price was not disclosed.
River Capital is one of the oldest firms of its type in the Southeast and has acquired companies in a broad range of industries with combined annual revenues in excess of $600 million. River Capital primarily invests in light manufacturing, distribution and select service companies with purchase prices of $10 million to $50 million. For add-on acquisition candidates, the firm will consider companies with a purchase price less than $10 million.