Hikes Point Paint & Wallpaper has been acquired by Dages Paint
ABOUT THE DEAL:
Hikes Point Paint & Wallpaper (also referred to as the “Company” and “Sellers”) has been acquired by Dages Paint (the “Buyers”).
Established in 1976 and headquartered in Louisville, Kentucky, Hikes Point Paint & Wallpaper has become the preeminent, independent retailer of high-quality paint and decorating supplies in the region. With three locations, the Company is the largest Benjamin Moore account in the area, and has committed to achieving the highest degree of customer satisfaction among contractors and DIYs alike.
Dages Paint Company has been aptly utilizing the slogan, “Keeping Louisville Colorful,” since 1930, making it the oldest, independent paint store in Louisville. For three generations now, it has been owned and operated by the original Dages family. As an independently-owned store, Dages offers its customers a level of service rarely found today. They are proud to deliver the kind of specialized attention and help that customers simply won’t find in larger chain stores. Dages’ store professionals are trained specialists whose experience and helpful advice ensures the success of every project.
Allston Advisory Group served as the exclusive financial advisors to the Sellers, Hikes Point Paint & Wallpaper. Allston established a valuation assessment of the Company, prepared a thorough confidential memorandum, assisted with the Buyer’s due diligence, helped the Buyers obtain financing for the transaction with modest collateral available through an SBA Guaranteed Loan, and facilitated the confidential sale process on behalf of the Sellers. Consequently, the transaction satisfied the Seller’s desires for liquidity as well as provide employees with an established, team and customer-focused new owner.
ABOUT ALLSTON ADVISORY GROUP, LLC:
Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.
For additional information on this deal, please contact one of our advisors.