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– August 31, 2010: Agora Capital LLC has completed its acquisition of Antique & Vintage Woods of America (“AVW”). |
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Agora Capital LLC (“Agora”) is pleased to announce the acquisition of Antique & Vintage Woods of America (”AVW”). Located in New York’s historic Hudson Valley, Antique & Vintage Woods of America is the Northeast’s leading supplier of antique and vintage reclaimed wood for custom wide plank flooring, paneling, and beams.Dedicated to sustainable building materials, AVW salvages and reclaims
historic wood and brick from century old barns, houses, gristmills,
factories, and mushroom facilities and incorporates the materials into new
and restorative construction projects. With over 2 million board feet of inventory, AVW can supply residential and commercial projects of any size.
Jamie Hammel, Agora Capital’s Managing Partner, commented, “I am excited to continue AVW’s tradition of providing high quality reclaimed building products to current and new customers across the Country. My partners and I plan to bring new energy to AVW to capitalize on its excellent reputation, superior product line, and existing relationships. We will focus on expanding product offerings and opening new locations across the United States, through wholesale distribution, retail
centers, and strategically located product show rooms to best serve designers, architects and contractors in both residential and commercial markets. We are pleased that the staff of AVW will be staying on and that we will have the benefit of the expertise of AVW’s owners, Dale Mitchell & Marilyn Miklau, as active consultants. We also intend for AVW to be a platform to acquire other related businesses.”
Dale Mitchell, President of AVW added, “Agora’s plan to expand the AVW footprint through new showrooms and distribution partners is consistent with my vision of the company’s future. I am pleased to be working with Jamie Hammel and Agora Capital in the growth of Antique & Vintage Woods of America.”
About Agora Capital
Agora Capital LLC is a private equity firm specializing in and operating middle-market companies. Agora invests in companies generating $2 million to $15 million in revenues and has EBITDA margins of 15% or greater. Agora Capital LLC was founded in July 2009 and is based in New York, New York. www.agoracap.com
About Antique & Vintage Woods of America
Founded in 1997, Antique & Vintage Woods of America is the Northeast’s leading supplier of antique and vintage reclaimed brick and wood materials for custom wide plank flooring and beams. The Company’s primary goal is to salvage historic building materials from old structures and to incorporate them into new and restorative construction projects. Since inception, AVW has been managed by its owners Dale Mitchell and Marilyn Miklau. www.antiqueandvintagewoods.com
If you would like more information about this transaction, contact Jamie Hammel
646-723-4640
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