Littlejohn & Co., a Greenwich, Connecticut–based private investment firm, has entered into an agreement to acquire the Brown Jordan furniture brand. The transaction has been approved by the boards of directors of both of the companies. It is expected to close at the end of January 2017.
Brown Jordan, which is based in St. Augustine, Florida, generates more than $300 million in sales and serves markets including hospitality, leisure, multi-family, corporate, restaurant and other commercial environments through its Brown Jordan, Charter, Texacraft and Tropitone branches.
Goldman Sachs and Société Générale have provided debt financing commitments and Moelis & Company served as exclusive financial adviser for Brown Jordan.
