Adam Wuest, Inc.
Mattress Industry Transaction
Adam Wuest, Inc.
Founded in 1850 in Cincinnati, Ohio, Adam Wuest is a leading producer of Serta, Inc. brand mattresses and boxsprings. At the time of the transaction, Adam Wuest was one of the eleven regional manufacturers licensed to manufacture the full-line of Serta products. Our firm first became involved with Adam Wuest subsequent to our $80.0 million divestiture of Dixie Bedding, a sister Serta licensee company. Our role was to assist Adam Wuest, a sixth generation family owned business, through a transfer of ownership with Serta licensees going through a roll-up by two different private equity firms. Mann Armistead & Epperson, Ltd. was asked by the Company to prepare materials and solicit the interest of those two private equity firms. Within sixty days, our firm was successful in transferring ownership of Adam Wuest for $62.0 million in cash to an affiliate of CitiCorp Venture Capital (CVC).
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