Trivest Completes Recapitalization of Ellery Homestyles
Posted on January 6, 2011 by
MIAMI--Trivest Partners, a private investment firm, has finished its recapitalization of Ellery Homestyles, the manufacturer of window treatments, bedding and throws.
Budd Goldman, Ellery's founder and chief executive officer, remains as leader of Ellery's daily operations. Both Goldman and Trivest provided equity for this transaction, and Goldman told HFN that his interest in Ellery is "a meaningful percentage of the total capital." Also, Bruce Garfinkel remains as Ellery's president, and Goldman said there will be no changes in Ellery's personnel or day-to-day operations.
"Our partnership with Trivest will be instrumental in helping Ellery successfully execute numerous strategies for continued growth, including existing product-line expansion, new product development and a significant focus on the e-commerce channel," Goldman said.