The Cotswold Company acquired by True Capital
Online furniture retailer The Cotswold Company has been acquired by private equity company True Capital.
The existing management team will continue to lead the company through its next stage of growth while True Capital will utilise its sector specialist expertise to help further accelerate online growth, expand product and category ranges and increase the company’s showroom presence across the UK.
Founded in 1996, The Cotswold Company was acquired by Blackbird Retail Holdings in 2009. The company sells oak, pine and painted furniture and handles over 100,000 orders every year from its 170,000 square foot warehouse in Wednesbury.
The business, which generates annual revenues in excess of £35 million, has delivered strong compound annual sales and EBITDA growth over the last four years.
Matt Truman, chief executive and co-founder of True Capital said: “In The Cotswold Company we identified a strong business exposed to the right structural growth trends, with excellent financial metrics, driven and executed by exceptional founders and a world class management team.”
True Capital said Gordon Segal, founder of the US based furniture retailer Crate & Barrel and a significant investor in the True Capital fund, will play an active role in the company, particularly around product, real estate and supply chain.
Truman added: “Gordon Segal’s involvement in this acquisition is another great example of our sector ecosystem and I am sure he will prove to be a fantastic asset for the company going forward. We are looking forward to working closely with Kevin and the management team to build and scale the business over the coming years to become a true market leader.”
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