BBX Capital's Renin Acquires Colonial Elegance

October 22, 2020

Renin Holdings LLC, a wholly-owned subsidiary of BBX Capital, acquired substantially all of the assets of Colonial Elegance for approximately USD $39.0 million (plus estimated excess working capital of ~USD $5.1 million). The acquisition, funded with a credit facility and a USD $5.0 million equity contribution from BBX Capital, expands Renin's product offering and customer reach in barn doors, closet doors and stair parts across North America.

Buyers
Renin Holdings LLC, BBX Capital, Inc.
Targets
Colonial Elegance
Platforms
Renin Holdings LLC
Location
Quebec, Canada
Transaction Type
Addon

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