Merit Capital Partners recently partnered with The Dorman Group of Companies and the Company’s CEO, Alan Galbraith, to acquire John Richard Collection, Inc. (“John Richard” or the “Company”). This transaction represents the 14th platform investment by Fund VI.
John Richard, founded in 1980 and headquartered in Greenwood, MS, is a leading designer and manufacturer of high-end home furnishings. The Company offers a variety of distinctive products with over 6,000 SKUs across multiple categories, including occasional furniture, lighting, home accessories, wall art, mirrors, botanicals and upholstered furniture. John Richard sells its products through three main channels: stocking dealers / retailers, e-commerce, and interior designers.
Joe Polaneczky, a Principal at Merit, said, “John Richard represents an exciting opportunity to partner with a proven leader in the high-end home furnishings market. Over its 40 year history, John Richard has been well known for its wide product assortment and unique, quality designs. We are proud to partner in this investment alongside the Dorman Group, with whom Merit has a 20+ year relationship, and the Company’s talented leadership team led by Alan Galbraith.”
Merit provided subordinated debt and equity in this investment. Please contact Terry Shipp or Joe Polaneczky for more details.