Cleveland, OH and Boston, MA – MPE Partners (“MPE” or “Morgenthaler Private Equity”) announced today an investment in DreamLine (“DreamLine”, “Bath Authority, LLC” or “the Company”), a market leading, technology-driven designer, manufacturer, and marketer of premium shower products including frameless glass shower doors, shower enclosures, tub doors, and acrylic shower bases.
DreamLine offers over 4,000 products across over 60 models including a number of top selling frameless shower doors. DreamLine’s disruptive technology has enabled it to offer a large variety of stock shower doors to meet the diverse style and appearance preferences of consumers, designers and builders, at a fraction of the cost of custom shower door options. DreamLine will continue to invest in cutting edge technology to enhance its market leading position.
MPE partnered in the transaction with Founders Valery Shtraks, Michael Minkovich and Mike Korsky. Joe Machado, Partner at MPE, said, “The DreamLine brand, investment in product and process technology and global manufacturing, and fulfillment capabilities create a formidable combination in the marketplace.” Graham Schena, Principal at MPE, said, “We are excited to partner with DreamLine and help them achieve their next phase of growth.”
Mike Korsky added, “On behalf of Val, Michael and myself, we are very excited to partner with MPE and believe with their support we will continue to differentiate ourselves from our competitors by leveraging our significant investment in people, process and technology.”
LBC Credit Partners and the AEA Middle Market Debt Funds provided financing to support the transaction.
Headquartered in Warminster, Pennsylvania, DreamLine is a market leading, technology-driven designer, manufacturer, and marketer of premium shower products including frameless glass shower doors, shower enclosures, tub doors, and acrylic shower bases. DreamLine offers over 4,000 products across over 60 models including top selling frameless shower doors. For more information please visit www.DreamLine.com.
About MPE Partners
MPE Partners (“MPE” or “Morgenthaler Private Equity”) seeks to be the preferred partner for entrepreneur- and family-owned companies. Based in Cleveland, OH, and Boston, MA, MPE invests in profitable, lower middle market companies with EBITDA between $5 – $20 million. MPE has two primary target investment areas: high-value manufacturing and industrial services. For more information, please visit www.mpepartners.com.
Graham Schena at firstname.lastname@example.org