ST. LOUIS, Jan. 31, 2023 /PRNewswire/ — Broadview Group Holdings, LLC (“Broadview”), a pacesetter in direct middle-market investing, introduced immediately its funding in Coffman Stair Elements (“Coffman” or the “Firm”) in partnership with Hunters Gate Holdings, LLC. Phrases of the transaction weren’t disclosed.
Based in 1874, Coffman has been a nationwide chief in residential stair components distribution in the US for greater than 148 years. The Firm serves a extremely diversified buyer base of lumberyards, skilled sellers, stair builders and installers, and residential enchancment retailers. With three strategically positioned distribution services in Texas, Georgia, and New Jersey, the Firm maintains a robust foothold east of the Rocky Mountains, enabling the Firm to service clients in lots of the largest, quickest rising inhabitants facilities in the US.
“Coffman’s management staff has an distinctive repute of their markets, and the Firm’s market management is due largely to a tradition targeted on differentiated and extremely dependable customer support.” stated Clay Hunter, Co-Founder and Chief Govt Officer at Broadview. “We imagine the structural undersupply of single-family housing within the U.S. should, over the long-term, appropriate, offering Coffman a strong basis from which to construct additional scale. Our distinctive construction, everlasting capital base, and long-term funding horizon enable us to assist excellent companies like this when others discover it tough. We’re thrilled to welcome Coffman to the Broadview platform and look ahead to supporting Coffman as they embark on their subsequent stage of strategic progress.
“Broadview brings an extended observe report of investing and working expertise, assist, and sources that can allow us to speed up our progress,” stated Derek Barksdale, Coffman’s president. “Broadview shares our imaginative and prescient to develop Coffman nicely past its present scale by way of initiatives that create worth for our clients and thru the execution of strategic acquisitions. Constructing a premier market chief takes time. Broadview’s everlasting capital base and long-term funding method have been clear differentiators as we chosen our splendid subsequent associate.”
ABOUT BROADVIEW GROUP
Broadview Group invests in and companions with profitable enterprise homeowners and growth-oriented management groups to assist scale and create important and sustainable worth in area of interest manufacturing, specialty distribution, enterprise providers, and B2B meals and agriculture companies. Broadview’s everlasting capital base and long-term perspective allow true alignment with its companions and portfolio corporations. Broadview Group’s principals have a long time of expertise main and scaling companies and offering strategic perception and different experience as executives, lead traders and board members in quite a lot of companies and industries.
ABOUT COFFMAN STAIR PARTS
Based in 1874, Coffman Stair Elements is the oldest and one of many largest distributors of residential stair components in the US. From its headquarters in Plano, TX and extra services in Austell, GA and Edison, NJ, Coffman offers a extremely diversified buyer base a one cease store for residential, inside stairway design and building, supplying a whole assortment of wooden and iron stair components and associated equipment required to assemble staircase methods.
Contact:
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SOURCE Broadview Group Holdings
