Southern Motion, Inc.
Furnishings Industry Transaction
Southern Motion, Inc.
Southern Motion, Inc., founded in 1969, is a privately held business headquartered in Pontotoc, Mississippi that designs, manufactures and markets upholstered motion furniture. The Company, which operates multiple facilities and employs approximately 1,500 workers, is vertically integrated with its own frame and cushion plants and is considered to be a leader in product development. Many of the original investors remained stockholders in the Company and desired some form of liquidity for their investment while some of the senior management team desired to remain as investors. Mann, Armistead & Epperson, Ltd. was engaged by the Board of Directors as its exclusive financial advisor to explore various strategic options which would satisfy the multiple objectives of all parties involved. After conducting a wide spread sell-side process, the Company was successfully recapitalized by Gain/Line Capital Partners along with senior management. This transaction provided liquidity for those long-standing original investors and also an opportunity for management to continue to be equity owners, operate the Company, and take advantage of market opportunities.
Contact us to start a conversation.
More Furnishings Industry Transactions
How we can help.
Learn more about what we can do for your business, no matter what stage of the business life cycle you’re in.