Textiles Amalgamated Redeems Preferred Shares

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MONTREAL, Sept. 6, 2017 – Montreal-based Textiles Amalgamated Inc. (“Textiles Amalgamated”), a portfolio company of Brookside Capital Partners (“Brookside”), has completed a distribution to all shareholders. 

Brookside along with Desjardins Capital and key operating executives, acquired ownership in Textiles Amalgamated in 2015, and have each received a full redemption of their preferred share investment.  Brookside and the others continue to own common shares.  

“This is an excellent outcome for Brookside and Textiles Amalgamated”, said Brookside’s Managing Partner David Hass. “Textiles Amalgamated is truly an outstanding company led by a terrific CEO, Bobby Stoller, and an increasingly deep and talented management team. We look forward to building further on Textile Amalgamated’s success.” 

“Over the last two years, Brookside has worked closely with management on various initiatives that have resulted in enhancements to its online business and increased cash flow generation from its ready-made curtain operations,” said Arnie Gross, Managing Partner Brookside.