Cleary Gull Inc. advises Signature Seating on its sale to Lippert Components, Inc., a wholly-owned subsidiary of Drew Industries Incorporated
Cleary Gull Inc. (“Cleary Gull”) is pleased to announce that Roehm Marine, LLC d/b/a Signature Seating (“Signature”), a portfolio company of Centerfield Capital Partners, has been sold to Lippert Components, Inc. (“LCI”), a wholly-owned subsidiary of Drew Industries Incorporated (“Drew”) (NYSE: DW). The acquisition of Signature provides LCI entrance into the marine furniture market. Cleary Gull acted as exclusive financial advisor to Signature in this transaction.
Signature Seating, located in Fort Wayne, Indiana, is a leading designer and manufacturer of furniture solutions for leading pontoon boat Original Equipment Manufacturers. Signature is responsible for providing its customers with innovative, fresh furniture designs including the latest colors, patterns, and textures. Signature’s integral role in pontoon boat design and deep relationships throughout the supply chain makes it a strategic partner to its top customers.