Stump & Company and Choate Hall & Stewart LLP advised the Seller on the transaction. Kirkland & Ellis LLP advised Aterian.
Aterian Investment Partners (“Aterian”), a private equity firm, announces that one of its affiliates, Standard Furniture Manufacturing Company, LLC (“Standard”) has acquired Albany Industries, Inc. (“Albany”) to expand into the stationary upholstery market, collectively becoming one of the largest value-oriented residential furniture players in North America.
Founded in 1995 by respected and admired industry veterans, Hugh and Richie McLarty, Albany has established itself as a leading and trusted manufacturer of value-oriented stationary upholstery furniture. The business has a manufacturing footprint in Mississippi, Virginia, Vietnam, and Mexico with over 600 employees. Albany consistently provides its customers with high-quality sofas, sectionals, and recliners, at affordable prices utilizing its best in class international and domestic supply chain.
Choate advised Albany Industries, Inc. with a team including Brian P. Lenihan (Picture) and Rees M. Hawkins.
Law Firms: Choate;
Clients: Albany Industries Inc.;