From Home Furnishing Business
Four Hands Management Acquires Company
In the new structure, Briggs and the executive team became majority stakeholders of the company. Founder, Brett Hatton, and Kayne Capital will maintain minority interests.
“The team at Kayne Capital has been exceptional to work with over the past seven years” Briggs. “They have enabled us to make key decisions and execute a solid business strategy that has led to the tremendous growth and momentum we have achieved.”
Terms of the deal were not disclosed.
“We have enjoyed working with Matt and the Four Hands management team. They have been superb partners” said Doyle Burkett, a partner at Kayne Anderson. “They’ve done an impressive job of expanding the business, and we believe further opportunities remain. Consequently, we are excited to continue our partnership as they lay the path for the company’s future.”
Briggs said the deal is a milestone in the company's history, but he foresees no significant changes for Four Hands.
“Simply stated, it officially puts our team in charge of our own destiny," he said.