NAMPA, Idaho & BOSTON–(Small business WIRE)–Thomas H. Lee Associates, L.P. (“THL”), a leading non-public equity organization investing in growth corporations, declared right now that it has acquired a greater part fascination in Household of Design LLC (the “Company”), a main company of robotic automation devices and software package for the residential design marketplace. THL’s financial investment will improve Home of Design’s existing capabilities and provide money and sources for upcoming advancement investments. Property of Design’s co-founders will hold minority positions in the Company. Terms of the transaction ended up not disclosed.
Established in 2012 and based mostly in Nampa, Idaho, Property of Design is a foremost supplier of automated answers for the constructing parts and residential offsite design industries. The Enterprise models and engineers robotic units that boost component manufacturers’ manufacturing output and capability when minimizing the issues of labor shortages. Proprietary software makes Residence of Design’s procedure the only entirely automated process that can develop complex variable trusses and wall panels without having robot retraining or resetting.
THL’s financial investment in Home of Design will accelerate the Company’s potential to establish on its primary robotic engineering and software platform and speed up new product or service innovation for its consumers.
“Our partnership with THL is a monumental milestone for the Corporation,” claimed Shane Dittrich and Ryan Okelberry, Co-Founders of Property of Style and design. “THL brings the expertise and sophistication desired to attain the next stage in our Company’s growth, and we have a shared eyesight for how to get there. We are thrilled to partner with THL and leverage their deep automation skills and economical and operational sources to gasoline Residence of Design’s advancement technique.”
“We are thrilled to lover with the House of Style group,” said Mike Kaczmarek, Running Director at THL. “Persistent labor scarcity in the construction field is driving larger need to have for automated solutions, and House of Design’s offerings aid deal with labor scarcity and worker protection worries though supplying an eye-catching ROI to the consumer. THL is energized to guidance Dwelling of Design and style in repeatedly escalating and innovating its products choices to assist prospects raise manufacturing throughput and revenue.”
Stifel acted as economical advisor, Kirkland & Ellis LLP acted as authorized advisor and PwC acted as accounting and tax advisor to THL. PEAK Technological know-how Associates, a San Francisco primarily based expense financial institution, acted as the exceptional economical advisor and Stoel Rives acted as authorized advisor to Property of Style and design.
About Residence of Design and style
Home of Structure has established alone as a considered leader and leading supplier of robotic answers, dynamic program applications, and technique integration companies. Via a multitude of successful automation initiatives throughout varied industries, Residence of Style and design is regarded as an ground breaking, collaborative lover fully commited to the accomplishment of the shoppers it serves.
Launched in 2012 by two engineers, Residence of Design has developed to 100+ workforce and one of the biggest robotic integrators in the West. More than the previous ten decades Home of Design and style has been regarded nationally for its innovation in the robotics sector and as a compact business chief in Idaho. The company’s vision is to guarantee that execution matches method, emerging possibilities are captured, and workforce customers mature, prosper and their get the job done changes the planet.
For far more info, remember to take a look at www.thehouseofdesign.com.
About Thomas H. Lee Partners
Thomas H. Lee Associates, L.P. (“THL”) is a premier personal equity organization investing in middle market growth providers exclusively in a few sectors: Economical Services, Health care and Know-how & Company Alternatives. THL partners deep sector experience with dedicated inside running resources to renovate and develop wonderful companies of lasting value in partnership with administration. The Firm’s area experience and assets aid to create excellent companies with an goal to speed up expansion, boost operations and push very long-term sustainable value. Because 1974, THL has raised far more than $30 billion of equity capital, invested in about 160 providers and concluded far more than 500 add-on acquisitions symbolizing an aggregate business value at acquisition of around $210 billion. THL invests in automation businesses by its flagship private equity fund and a devoted automation fund. For extra details, please check out www.thl.com.