Robert Allen Group and Duralee Fabrics have merged to form the Robert Allen Duralee Group (The RADGroup). The Robert Allen Group had been owned by investment firm Altamont Capital Partners before the merge; the firm will continue as a financial partner in The RADGroup.
Longtime Duralee executive Lee Silberman is the newly named CEO of RADGroup. He shares, “We are in an industry that is constantly evolving. By leveraging the rich history and resources of these two design industry leaders, we have created the opportunity to reshape and improve the client experience in luxury home decor. The combined product lines, multiple brands and expanded product categories create one of the most extensive offerings in the market and secure our position as the full-service design resource. Our goal is to provide a complete product offering for today’s design professional—and to do it with a service level that is the best in the industry.”
The merger, which had been both whispered about and in the works for months, was made public today. The Robert Allen Duralee Group will be headquartered in Hauppauge, New York and will also maintain locations globally.
“We look forward to supporting the management team in their pursuit of the many exciting growth and innovation opportunities this merger presents,” says Steve Brownlie, managing director of Altamont.