LOS ANGELES, June 4, 2012 /PRNewswire/ -- Brentwood Associates ("Brentwood"), a leading consumer-focused private equity investment firm, announced it has completed the sale of Array Marketing Group ("Array"), a leading designer, manufacturer and distributor of visual merchandising solutions for prestige brands and specialty retailers, to TorQuest Partners ("TorQuest") in partnership with the company's management team. Terms of the transaction were not disclosed.
Since acquiring Array, Brentwood has worked with the Array management team to develop best-in-class visual merchandising solutions, expand the breadth of industry verticals served, and enhance the company's leading market position. Under Brentwood's ownership, Array built partnerships with key prestige brands, designed award winning retail locations throughout North America and was recognized by its clients as the visual merchandising partner of choice.
Roger Goddu, partner at Brentwood, commented, "We are extremely proud of Array's achievements, having tripled sales volume and built an impressive portfolio of prestige clients during our investment period. We are grateful to Tom Hendren, Array CEO, and the entire Array team. With an unyielding focus on quality and customer service, Array has built an impressive portfolio of prestige clients, who are loyal business partners and have been instrumental in the company's growth. We wish Tom, Array, and TorQuest much continued success."
Eric Reiter, partner at Brentwood, added, "Array's leading position as the partner of choice for prestige cosmetics brands and leading specialty retailers seeking best-in-class visual merchandise solutions is driving the company's strong current momentum. Array is well positioned to capitalize on industry trends that are making its solution set increasingly relevant."
"It has been a pleasure partnering with the Brentwood team as we worked diligently to build the market leader that Array represents today," commented Tom Hendren, CEO of Array. "With our tremendous pace of growth over the last decade, Brentwood has been a value-added partner at every step of our company's evolution."
BMO Capital Markets acted as financial advisor to Array and Brentwood in connection with the transaction.
Array Marketing Group
Array Marketing Group (www.arraymarketing.com) is one of the largest North American providers of visual merchandising solutions to prestige brands, delivering high-end, fully integrated store fixtures and merchandising displays. The company offers a complete suite of services from conceptual design and development to engineering, procurement, production and on-site implementation of retail display environments. Array's blue-chip clients include leading branded consumer, apparel and retail companies.
Brentwood Associates is a leading consumer-focused private equity investment firm with over $650 million of capital under management and a thirty-year history of investing in leading middle-market growth companies. Brentwood focuses on investments in growing businesses where it is able to leverage its extensive experience in areas such as: branded consumer products; consumer services; direct marketing, including direct mail and e-commerce; education; health and wellness; restaurants; and specialty retail. Since 1984, Brentwood's dedicated private equity team has invested in 40 portfolio companies with an aggregate transaction value of over $5 billion. With significant experience in both investing and brand building, Brentwood is a value-added partner with entrepreneurs and executives building world-class companies. For more information about Brentwood, please visit www.brentwood.com.
SOURCE Brentwood Associates