California Faucets, Inc. (“California Faucets”) announced it has been acquired by American Bath Group (“ABG”), a leading platform of branded bathware products. California Faucets is a leading designer and manufacturer of artisan-crafted, decorative kitchen and bath faucets, fixtures, and accessories. California Faucets will continue to be led by its current management team. This transaction is the successful culmination of an initiative led by Bigelow LLC.
Founded in 1988, California Faucets sells a wide portfolio of artisan-crafted, award-winning, decorative kitchen and bath faucets, fixtures, and accessories through independent showrooms nationwide. California Faucets’ products are designed, assembled, and hand-finished in their facility in Huntington Beach, CA. The Company is a recognized leader in the luxury category, with an extensive distribution network of kitchen and bath showrooms and deep relationships with the architect and design community.
“We are thrilled to have selected ABG as our new home. Finding a partner who understands the unique needs of our growing business and shares our long-term vision has been incredibly important. ABG brings the experience, commitment, and resources to help us reach our full potential, while honoring our Company’s history and preserving the culture that means so much to our family and team.” Jeff Silverstein, Shareholder & CEO California Faucets, Inc.
American Bath Group is a leader in the North American bathware industry, operating approximately fifty facilities across North America. Their expansive product portfolio is supported by more than twenty brands and includes shower products (enclosures, walls, doors, bases), tub showers, bathtubs, spas and other related products. ABG sells its products through numerous channels, including wholesale, retail, commercial, showroom and e-commerce, among others. ABG is a portfolio company of Centerbridge Partners, L.P.
“California Faucets brings exceptional expertise, a world-class luxury product line, and strong leadership to our growing portfolio of brands. Their focus on artisan craftsmanship, customer service, culture, brand excellence, and creative innovation is a natural complement to ABG. We are excited to expand our presence in the faucet category and partner with the management team to ensure California Faucets reaches its full potential over the long term.” Rick Stonecipher, Founder & CEO American Bath Group
Originally established in 1935, Bigelow LLC is widely known as the M+A Advisory Boutique that deals exclusively with private Entrepreneur Owner-Managers. Bigelow has a reputation for having a unique understanding of the special requirements of the owner-managed, entrepreneurial operating company in building and ultimately capturing Enterprise Value.
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