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- American Bath Group
American Bath Group Acquisition, Valuation, Funding & Investors
American Bath Group was acquired by Centerbridge Partners for $1.9B in October 2020.
American Bath Group acquisition price
$1.9B
Acquired by Centerbridge Partners · Oct 2020
Cumulative funding American Bath Group raised
$2M
across 1 funding round
About American Bath Group
American Bath Group is a Savannah, Tennessee-headquartered manufacturer of bathtubs, showers, and bathing products founded in 2014. The company produces fiberglass reinforced plastic, sheet molded compound, and acrylic units for residential, commercial, assisted living, senior care, and premium showroom markets across the United States.
Founded
2014
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Valuation
$1.9B (acquired Oct 2020)
American Bath Group Acquisition
American Bath Group was acquired by Centerbridge Partners for $1.9B on 8 October 2020.
Before the acquisition American Bath Group had raised $2M across 1 funding round.
American Bath Group is a leading North American manufacturer of showers, bathtubs, integrated tub/showers, shower bases, jetted whirlpools, spas, and related accessories sold through a portfolio of well-recognized brands to professional installers and consumers. In October 2020, Centerbridge Partners, a private investment firm with approximately $28 billion in capital under management, announced a definitive agreement to acquire American Bath Group from Lone Star Funds, a private equity firm that had owned the company for four years. The transaction valued the company at $1.85 billion and was structured with $1.3 billion in senior secured credit facilities, $335 million in unsecured notes, and $617 million in equity contribution from Centerbridge, with American Bath Group's management team retaining a significant ownership interest in the business. The acquisition closed in the fourth quarter of 2020 and was financed by a consortium of major banks including Credit Suisse, RBC Capital Markets, Bank of America, BMO Capital Markets, Truist Securities, Barclays, and UBS Investment Bank, with pro forma net secured leverage of 4.6x and total net leverage of 5.9x.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 8 Oct 2020 | PE buyout | $1.9B |
American Bath Group Funding History
American Bath Group has raised a total of $2M across 1 funding round.
American Bath Group funding rounds
| Date | Stage | Raised |
|---|---|---|
| Jul 2015 | Seed | $2M |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by American Bath Group
American Bath Group has acquired 1 company to date.
Last acquisition by American Bath Group was on December 21st 2020. American Bath Group acquired DreamLine for undisclosed valuation.
Latest Acquisitions by American Bath Group
| Description | DreamLine is a manufacturer of frameless shower doors, enclosures, tub doors, and acrylic bases for residential bathrooms. Operating from New York, the company offers over 200 ready-to-install models alongside custom options in various finishes like chrome and matte black. DreamLine serves the North American market through distributors such as Home Depot and independent showrooms. Founded in 2004, it has earned awards for design excellence and holds multiple patents on shower hardware systems. |
| HQ Country | |
| HQ City | - |
| Deal Date | 21 Dec 2020 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all American Bath Group acquisitions and their M&A valuation multiples. Start Free Trial | |
American Bath Group Competitors
American Bath Group competitors include listed companies like Fortune Brands, Systemair, Borusan Boru and East Pipes Integrated, and private ones like Nexii and Katerra.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $4.5B | $708M | $4.7B | 1.7x | ||
| Publicly listed | $1.3B | $159M | $1.8B | 1.5x | ||
| Publicly listed | $1.5B | $92M | $1.9B | - | ||
| Publicly listed | $613M | $171M | $1.8B | 2.4x | ||
| Private | - | - | $1.6B | - | ||
| Private | - | - | $3B | - |
American Bath Group Public Comps
American Bath Group is no longer listed, but its public comps include Systemair, Borusan Boru, East Pipes Integrated, Vohringer Home Technology, Volution Group, SHO-BOND Holdings Co, Forbo Holding, Higold Group, Welspun Living and Tecnoglass.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.3B | $159M | 1.5x | 1.5x | 12.2x | 11.0x | |||
| $1.5B | $92M | 1.4x | - | 22.9x | - | |||
| $613M | $171M | 2.5x | 2.4x | 9.1x | 8.9x | |||
| $54M | ($8M) | 36.3x | 42.9x | (238.9x) | - | |||
| $563M | $117M | 3.4x | 3.0x | 16.5x | 11.7x | |||
| $583M | $145M | 2.5x | 2.6x | 10.0x | 10.6x | |||
| $1.3B | $167M | 1.2x | 1.2x | 9.9x | 9.4x | |||
| $536M | $134M | 3.4x | 3.0x | 13.4x | 12.1x | |||
This data is available for Pro users. Sign up to see all American Bath Group competitors and their valuation data. Start Free Trial | ||||||||
Common questions about American Bath Group
| When was American Bath Group founded? | American Bath Group was founded in 2014. |
| Where is American Bath Group headquartered? | American Bath Group is headquartered in Savannah, GA, United States. |
| Is American Bath Group publicly listed? | No, American Bath Group was acquired by Centerbridge Partners in October 2020. |
| Who acquired American Bath Group? | American Bath Group was acquired by Centerbridge Partners in October 2020. |
| How much was American Bath Group acquired for? | American Bath Group was acquired for $1.9B in October 2020. |
| How much funding has American Bath Group raised? | American Bath Group has raised $2M across 1 funding round. |
| What was American Bath Group's last funding round? | American Bath Group's last funding round was a $2M seed round in July 2015. |
| Which companies are comparable to American Bath Group? | Companies comparable to American Bath Group include Fortune Brands, Systemair, Borusan Boru, East Pipes Integrated, Nexii and Katerra. |
| How many companies has American Bath Group acquired? | American Bath Group has acquired 1 company, including DreamLine. |
See companies similar to American Bath Group
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