Patriarch Partners Purchases Croscill
November 13, 2008
NEW YORK, New York – Patriarch Partners, LLC has announced its purchase of Croscill, Inc. and affiliates on Monday, Nov. 10.
Since its 2000 founding, Patriarch has evolved into a global investment firm that concentrates on direct investments in operation companies, manages funds with over $6 billion of equity and secured loan assets in 65 companies and controls interests in approximately two thirds of these.
Departing CEO Doug Kahn wished Patriarch the best of luck in the years ahead. "Their understanding of turbulent markets should help them position the company for long-term success," said Kahn. "Croscill employees, customers and suppliers will find new ownership that shares our commitment to continuing a rich legacy of innovation and product excellence."
Croscill has been a home bedding industry staple for years, setting the standard for home fashion. Patriarch plans to operate Croscill's core business operations, building upon the strength of the core brand and expanding its distribution internationally and coordinating with other consumer platform companies in its portfolio.
Since its 2000 founding, Patriarch has evolved into a global investment firm that concentrates on direct investments in operation companies, manages funds with over $6 billion of equity and secured loan assets in 65 companies and controls interests in approximately two thirds of these.
Departing CEO Doug Kahn wished Patriarch the best of luck in the years ahead. "Their understanding of turbulent markets should help them position the company for long-term success," said Kahn. "Croscill employees, customers and suppliers will find new ownership that shares our commitment to continuing a rich legacy of innovation and product excellence."
Croscill has been a home bedding industry staple for years, setting the standard for home fashion. Patriarch plans to operate Croscill's core business operations, building upon the strength of the core brand and expanding its distribution internationally and coordinating with other consumer platform companies in its portfolio.
