SAN JOSE, Calif. - September 8, 2020 - (Newswire.com)
An investor group led by The Courtney Group, Incorporated has acquired a controlling interest in Peninsulators Inc. along with its affiliates Peninsulators Northwest and A Shade Above.
Based in San Jose, California, Peninsulators is a leader in the sale and installation of commercial window coverings. Founded in 1985, Peninsulators has long served many of the leading technology companies in Silicon Valley, and expanded to serve these companies in Seattle, Washington. Peninsulators is known for providing solutions within the office, health care, hospitality, education, and public sectors. In addition to its commercial clients, the Company, through the A Shade Above division, provides homeowners with high-end window coverings, audio visual systems, and home automation solutions.
Partners Tom Courtney, Alan Macksey and Ed McKenna, Ph.D. of The Courtney Group led the transaction and will assist the Company in establishing and executing its strategic growth plan. Other investors include Lake Country Capital, a debt and equity provider based in Minneapolis, MN and Los Angeles, CA.
Co-Founder and CEO Ross Haisley, along with Co-Founder and COO John Thomas, will maintain an ownership stake and continue in their full-time management roles. Mr. Haisley commented, “We are pleased to have partnered with The Courtney Group and are excited about what they can bring to the table. Their experience in backing founder-owned businesses and their expertise in strategic acquisitions, geographic expansion, and technology will be invaluable as we seek the next level of success.” Mr. Thomas added, “We founded Peninsulators 35 years ago in a garage, but, from the very beginning, have enjoyed a reputation for excellent work and attention to detail. We intend to maintain and build on that foundation as we work with The Courtney Group to pursue new strategic growth initiatives.”
Tom Courtney said, “Peninsulators is an outstanding company with proven leadership. We are looking forward to a strong partnership, and we have identified many exciting opportunities for growth.”
About Peninsulators
Since 1985, Peninsulators has raised the bar in the window coverings industry thanks to its innovative thinking, reliability and experience. With offices across the West Coast, their team of experts are ready to provide customers with unique solutions. From manual and motorized shades, to exterior solutions, and fully automated buildings – no project is too small or too difficult. For more information, visit: www.peninsulators.com.
About A Shade Above
A Shade Above offers integration systems for the highest quality home automation products. Since 2010, A Shade Above has been solving problems for architects, designers, contractors, and homeowners who want their spaces and lives to be effortless – all at the touch of a button. For more information, visit: www.ashadeabove.com.
About The Courtney Group, Inc.
The Courtney Group, Incorporated is a private investment firm based in Newport Beach, California. Since 1999 the firm has acquired or invested in 22 companies. The Courtney Group seeks to invest in companies with revenues of $10 million to $500 million, cash flow of $2 million to $50 million, with equity investments of $1 million to $200 million. For further information, visit: www.thecourtneygroup.com.
About Lake Country Capital
Lake Country Capital (LC2) is a debt and equity investment firm providing transitional and growth capital to U.S.-based lower middle-market companies. The firm works in partnership with management teams, business owners and private equity firms to finance growth initiatives, recapitalizations and ownership transitions. For more information, visit: www.lakecountrycapital.com.
Related Links
Peninsulators Website
The Courtney Group Website
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Original Source: The Courtney Group Leads Acquisition of Peninsulators
