Excelsior Capital Partners has assumed a majority ownership interest in Via Seating, a manufacturer of cutting-edge and ergonomically designed office chairs and lounge seating, through a balance sheet restructuring.
The transaction enables Via to continue growing through new and innovative product lines.
Based in Reno, Nevada, Via offers an extensive family of chairs to fit its customers’ unique needs for design, form and function, while maintaining an industry-leading quick-ship program that guarantees a 48-hour turnaround. The company’s products are highly customisable and include executive chairs, task chairs, conference room chairs, stackable chairs, and modular lounge seating that can be configured into a variety of chair or sofa formations.
“CEO Chas Hepler has done an impressive job expanding Via’s product offering and we look forward to supporting the team to achieve their growth plan,” says Ravi Bhagavatula, Managing Partner of Excelsior Capital Partners. “We are confident that we have a winning combination with the strength of the Via brand and the passion for quality and innovative design exhibited by Chas and his team.”
“In the last year and a half, we have made significant strides improving our business model, launching new products, adding key team members, strengthening our channel and distribution network, and improving growth,” says Chas Hepler, CEO of Via Seating. “With the support of a new, strong financial owner, I am confident that we will further strengthen our position and be better able to pursue an even more aggressive implementation of our plan.”
