Cotton Creek Capital Management II LLC is set to buy bathroom products company Royal Baths Manufacturing Co Ltd.
Terms of the deal were not disclosed, but Dallas-based Cotton Creek typically acquires companies with Ebitda of up to $15 million. The firm has invested in AirReady Holdings Inc., Graco Supply Co. and Magnablend Inc.
The private equity firm purchased the Houston-based target through its second fund, Cotton Creek Capital Partners II LP. The transaction wraps up an auction process that began when Linsalata Capital Partners Inc. decided to sell Royal Baths after a holding period of roughly 10 years.
Royal Baths had annual sales of roughly $35 million at the time it was purchased by Linsalata in November 2003.
The Houston-based target makes a variety of acrylic and bathroom products, including bathtubs, vanity tops, sinks, shower walls and bases. The company has additional facilities throughout Texas, including Austin, Dallas and San Antonio. Royal Baths also distributes out of Orlando, Fla.