DALLAS, Jan. 19, 2016 /PRNewswire/ -- Today David Sutherland, CEO and Ann Sutherland, President of Perennials and Sutherland, LLC announce their opportune new partnership with Austin-based investment firm Acacia Partners. The partnership, finalized December 31, 2015, will seek to drive growth and expansion within the Perennials and Sutherland, LLC for years to come.
"After owning the company for almost 40 years, we had a very high-standard for a potential new partner," said David Sutherland. "The Acacia team has a very different approach from traditional investment groups, and it aligned perfectly with our company's culture. We wanted to make sure we didn't change the culture that we have fostered which has served us so well. We look forward to continuing to operate and manage the business with a significant ownership level while utilizing the resources that Acacia will bring to the table."
Acacia Partners is a private investment firm that invests in middle-market companies seeking equity capital. Unlike traditional investment firms, Acacia does not have a fixed investment mandate, holding a higher degree of flexibility regarding investment structure and time horizon. Acacia only partners with family-owned or owner-operated businesses.
"Acacia is excited to partner with David and Ann Sutherland to help continue the company's current growth trajectory. They have built three world-renowned brands with sterling reputations in their category. We believe their products will continue to resonate with new customers, and we expect this to drive growth for many years to come," stated Brad Johl, Jeff Sokol and Greg Maletsky, partners of Acacia. "We could not be more excited about this collaboration and we look forward to an even more successful future.
Perennials and Sutherland, LLC is comprised of three business segments; Perennials Fabrics, Sutherland Furniture and David Sutherland Showrooms. Perennials Fabrics is recognized by interior designers and high-end retail customers as the leader in luxury performance fabrics. Perennials combines the look and feel of high-quality, natural materials with the properties of more durable performance fabrics including resistance to stains, water, UV rays, mold and mildew. Sutherland Furniture has created the preeminent outdoor luxury furniture brand through partnerships with the world's leading designers, along with utilizing the highest quality materials. David Sutherland Showrooms are full-service, multi-line showrooms which serve the professional interior design market in eight showrooms and studios across the United States.
About Perennials and Sutherland, LLC:
Based in Dallas, Texas, Perennials and Sutherland, LLC is comprised of Perennials Fabrics, Sutherland Furniture and David Sutherland Showrooms. An icon of the design industry, David Sutherland, CEO of Perennials and Sutherland, LLC, has an ingenious talent for curating the finest interior and exterior collections of luxury furniture, fabrics and accessories. The Perennials and Sutherland group of companies are acknowledged leaders in the international design industry.
SOURCE Perennials and Sutherland, LLC