Main Street Capital Corp. (NYSE: MAIN) has completed its acquisition of Robbins Brothers, a jewelry retailer serving the bridal market, from Comvest Partners. The sale includes Robbins Brothers executive management and other co-investors joining Main Street in the acquiring party.
Robbins Brothers is an independent regional bridal jeweler offering quality diamond engagement rings, wedding brands, settings and fashion jewelry. While the firm was a portfolio company of Comvest, BR built out its professional executive team, scalable jewelry platform and operational infrastructure.
“Our partnership with Comvest has played a pivotal role in the professionalization of our business, helping deliver strong growth as we broadened our product offering, invested in our stores, and scaled very profitably,” said Marc Friedant president and CEO of Robbins. “We are excited about our new partnership with Main Street Capital, which we are confident will enable our next phase of growth.”
Duff & Phelps, A Kroll Business, and Capstone Partners acted as financial advisors, and McDermott Will & Emery LLP acted as legal advisor to Robbins Brothers.