Capstone Partners served as exclusive financial advisor to Sullivan Holding Company (“Sullivans”), a portfolio company of Fort Point Capital, in its sale to ICV Partners.
Based in Sioux Falls, South Dakota, Sullivans (www.sullivangift.com) is a market leading designer and distributor of everyday and seasonal home décor, garden and outdoor products.
Sullivans leverages its reputation for quality, distinctive designs and customer care to serve a diverse and loyal customer base of independent gift and décor retailers, leading national accounts and the e-commerce channel, including direct-to-consumer.
Fort Point Capital is a private equity firm based in Boston, Massachusetts that partners with growth-oriented, lower-middle-market companies.
ICV Partners is a Miami-based private equity firm that partners with businesses in the business service, food & beverage, consumer and healthcare sectors.
It was an honor for Fort Point Capital to work alongside a top-tier management team and be part of the Sullivans Brands story, helping to build an industry heavyweight in the gift and home décor sector. [Capstone Partners] was an important partner in articulating the Sullivans investment thesis to the market and in building the case for the Company’s continued momentum. [Capstone Partners]’s long-standing expertise in the gift and home décor sector proved to be invaluable to our process. This industry insight paired with their senior level dedication helped to create a great outcome for the Sullivans and Fort Point team.
