NEW YORK, Feb. 9, 2017 /PRNewswire/ -- Dominus Capital, L.P., a leading private equity firm based in New York, announced today the sale of Bentley Mills, Inc. to Lone Star, a global private equity firm. "Over the past four years, in partnership with Dominus, Bentley has experienced a complete brand renaissance," said Ralph Grogan, CEO of Bentley. "Dominus supported our growth from a legacy carpet manufacturer to a leading designer of iconic and award winning products. I would like to thank Dominus for their support and significant contribution to our success."
"By significantly augmenting the senior management team, investing in production technologies and capabilities, and releasing a complete new line of innovative product designs, Bentley has grown into the premier brand in the commercial carpet industry," said Ashish Rughwani, Partner at Dominus Capital. "Bentley is now very well positioned for its next stage of growth under Lone Star."
Gary Binning, Managing Partner of Dominus Capital added, "The Bentley investment is a representative transaction for Dominus. The investments that we have done over the past two decades are typically non-core subsidiaries or family-owned businesses that are all leaders in their respective niche markets and have the potential to more than double in size under the resources that we bring to them."
Dominus acquired Bentley in 2012 from Interface, Inc. and the investment yields over a 5.0x return for its investors.
About Bentley Mills, Inc.
Based in City of Industry, California, Bentley is a leading designer and manufacturer of premium broadloom and modular carpet tile to the specified commercial carpet industry. Founded in 1979, Bentley has become an iconic, award-winning brand in the premium carpet space, serving end customers across diverse corporate, hospitality, healthcare, government, retail, and education markets.
About Dominus Capital, L.P.
Based in New York, Dominus Capital is a leading middle-market private equity investment firm that focuses on management-led buyouts and growth capital investments in companies in the business services, light manufacturing and consumer sectors. Drawing on the experience, knowledge and network of its founders and a team of in-house operating executives, Dominus Capital works hand-in-hand with exceptional management teams to unlock the untapped potential of its portfolio companies. The firm takes a long-term and conservative approach to investing and has a consistent and successful track record of achieving significant growth at its portfolio companies. The Dominus Capital team members have executed over 50 transactions over the past 20+ years. For more information, please visit www.dominuscap.com.
SOURCE Dominus Capital
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