Kingsdown, Incorporated
Mattress Industry Transaction
Kingsdown, Incorporated
Kingsdown, Incorporated was originally formed as The Mebane Bedding Company in 1904 in Mebane, North Carolina. Over the years, Kingsdown has launched many innovations such as the Sleep to Live Institute, the DormoDiagnostics and bedMatch technology and most recently the Body Perfect Sleep System. Kingsdown manufactures in geographically dispersed factories throughout the U.S., ships product domestically and internationally and additionally has a very successful international licensee program. Kingsdown was privately owned with most of the stock being held for multiple generations by local families. Additionally, the Company had substantial ownership vested in an Employee Stock Ownership Program. Mann, Armistead & Epperson, Ltd. served as a financial advisor to management and to the Board of Directors for numerous years and then acted as the Company’s exclusive investment banker during a merger and recapitalization with its one of its original licensees, located in Canada and backed by private equity. This transaction provided liquidity for the shareholders and the ESOP while providing additional capital for continued domestic and international expansion.
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