Venture Capital Firm Acquires Hardware Supplier Dimora
DALLAS, TX — Clearlake Capital Group, L.P., a Santa Monica, CA-based investment firm, has signed a definitive agreement to acquire Dimora Brands, a leading provider of branded specialty hardware aimed largely at the kitchen and bath market, corporate officials announced. Financial terms of the transaction were not disclosed.
Dimora Brands, a Dallas-based supplier of high-end decorative and functional cabinet and door hardware, faucets, accessories and related products, was created in 2010 by the merger of Top Knobs and Hardware Resources. Its brands include Top Knobs, Atlas Homeware, Vesta, Watermark Designs, Water Street Brass, Du Verre, Hardware Resources, Jeffrey Alexander, Elements, Task Lighting, North Point Cabinetry and KasaWare. Operating divisions serve kitchen and bath dealers, custom cabinet makers, independent hardware stores and other leading specifiers.
“We are excited to partner with Clearlake and are thankful for The Jordan Company’s support over the last four years,” said Dimora Brands CEO Greg Gottlieb. “Our robust operating model and sourcing infrastructure have positioned Dimora Brands to become the leading provider of specialty hardware and home accessories.
“We believe that Clearlake’s deep experience in building products distribution and operational insights will advance the company into its next chapter of continued success,” Gottlieb added.