BlackArch Advises on Sale of LEE Industries to American Leather

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BlackArch is pleased to announce the sale of LEE Industries, Inc. to American Leather, a portfolio company of Capital Partners.

BlackArch Advises on Sale of LEE Industries to American Leather

BlackArch is pleased to announce the sale of LEE Industries, Inc. (“LEE” or the “Company”) to American Leather, a portfolio company of Capital Partners.

Founded in 1969 and headquartered in Conover, North Carolina, LEE (http://www.leeindustries.com) is a designer, manufacturer and distributor of premium-branded leather- and fabric-upholstered furniture for the national, regional, local and trade-only retail channels. The Company differentiates itself with an expansive lineup of made-to-order, fully customizable furnishings, industry-leading design capabilities and a U.S.-based, environmentally sustainable manufacturing process.

BlackArch served as the exclusive financial advisor to the LEE shareholders.

Bill McKinney, Executive Vice President of Manufacturing and Finance, commented: “The BlackArch team delivered the best possible outcome for our company’s shareholders, which was a result of managing the sale process with professionalism and an unmatched attention to detail. BlackArch not only fulfilled its promise to LEE on a business level, they were personally invested in our process and worked tirelessly day and night, seven days a week in guiding our team across the finish line. We truly believe that the outcome achieved would not have been possible with any other investment bank. BlackArch was prepared for the challenges presented by our unique dynamics and they clearly knocked it out of the park for our shareholders.”

Ginny Coley Collett, Executive Vice President of Sales and Marketing, added: “’In search of Excellence’ is a phrase that comes to mind when thinking of my experience with BlackArch. They did an excellent job at managing our expectations and preparing us throughout the entire process. They studied our business and made it their mission to understand our people, our customers, our processes and our product. I cannot imagine a more professional team that truly cares about helping their clients find great partners.”

About BlackArch

BlackArch is a leading middle-market investment bank offering a full spectrum of advisory services to financial sponsors, private companies and diversified corporations. BlackArch addresses the needs of owner-operators, founders and shareholders of private companies with specialized services that include M&A advisory, strategic advisory and private capital solutions. Headquartered in Charlotte, NC, with offices in Houston, TX, BlackArch features a total of 12 industry-focused practices that cover all sectors of interest to middle-market investors; BlackArch professionals have closed more than 350 transactions in 16 countries on four continents. Please visit our website, http://www.blackarchpartners.com, for more details.

Securities offered through BlackArch Securities LLC. Member FINRA and SIPC. Testimonials may not be representative of the experience of all clients. Testimonials are not a guarantee of future performance or success.

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Kelly Bentubo