PHOENIX — Home Brands Group Holdings Inc., the parent holding company of Re-Bath, the nation’s largest bathroom remodeling franchise, has been acquired by TZP Group LLC, a New York-based private equity firm, and a group of co-investors, the company announced. Financial details of the transaction were not disclosed.
“We are thrilled to partner with Re-Bath and its terrific management team, serving a group of committed franchisees across the U.S.,” said Vlad Gutin, a partner at TZP.
“Re-Bath complements our growing portfolio of leading consumer brands (and) we believe that Re-Bath’s unique, high-quality service offering, loyal customers, best-in-class products of leading brands and partnerships with premier, national retailers, coupled with TZP’s relationships and resources, can accelerate Re-Bath’s growth,” Gutin added.
Re-Bath, headquartered in Phoenix, operates more than 100 locations across North America, according to the company, which offers complete bathroom remodels, tub and shower updates, plus aging and accessibility solutions.
“We are excited to embark on our next chapter of growth with TZP’s investment representing a strong validation of the growth and success we’ve achieved and where we are headed,” said Re-Bath CEO, Brad Hillier. “Through this investment, we will be able to leverage TZP’s expertise and resources to further expand our brand to a wider audience and better serve our customers, franchisees, partners and employees.”