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/PRNewswire/ Seven Point Equity Partners, LLC ("Seven Point"), a private investment firm based in Miami, today announced the closing of RS7 Continuation.
American Bath Group Completes Acquisition of DreamLine
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ARLINGTON, Texas, Dec. 21, 2020 /PRNewswire/ American Bath Group, LLC ( ABG ), a leading manufacturer of showers, bathtubs, and related accessories and a portfolio company of Centerbridge Partners, today announced the closing of the acquisition of DreamLine ( DreamLine or the Company ) from affiliates of MPE Partners ( MPE or Morgenthaler Private Equity ).
DreamLine is a leading provider of branded premium glass shower doors, enclosures, and accessories under the DreamLine and Arizona Shower Door brands. These products are highly complementary with ABG s portfolio and strategy. DreamLine will operate as a division of ABG, and Chris Yankowich will remain as President of DreamLine.
MPE Partners Announces The Sale Of Glass Technology Concepts, LLC
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CLEVELAND and BOSTON, Dec. 22, 2020 /PRNewswire/ MPE Partners ( MPE or Morgenthaler Private Equity ), a preferred partner for entrepreneur- and family-owned companies, announced the sale of Glass Technology Concepts, LLC ( DreamLine or the Company ) to American Bath Group, LLC ( ABG ). 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.
Chris Yankowich, CEO of DreamLine, remarked, MPE has been a great strategic partner to DreamLine as we transitioned from entrepreneur ownership and executed on an aggressive growth plan, integrated our first acquisition, and developed our best-in-class employee base. We have very much enjoyed the partnership with MPE and a