River Capital and Management Acquire Winston Furniture Company, Inc.
River Capital, an Atlanta-based private investment firm, has partnered with management to acquire Winston Furniture Company, Inc. (“Winston Furniture”), from Marathon Corporation. The purchase price was not disclosed.
Headquartered in Haleyville, Alabama, Winston Furniture designs, manufactures and sells casual furniture for both outdoor and indoor use. The Company’s products are constructed of aluminum, wrought iron and tubular steel and offered in numerous style collections.
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.