Rock Hill Capital Group has completed a recapitalization of Kiva Kitchen & Bath Holdings, LLC, a leading re-seller and installer of high-end household appliances, plumbing fixtures, hardware, countertops and cabinets. Kiva is headquartered in Houston, TX and sells through 12 showrooms located throughout Texas and Southern California.
Kiva was founded by Tolar N Hamblen and James A Cozby in 1998 and has grown through acquisition of local appliance retailers and organically by establishing long-term relationships with local builders/developers, architects and interior designers. Kiva’s annual revenues were approximately $80 million in 2010.
“We are pleased that Tolar and Jim selected Rock Hill as their new equity partner,” says Randall B Hale (pictured), Founder and Managing Director of Rock Hill Capital Group. “Tolar and Jim represent exactly what we look for in a partner, seasoned operators with a proven track record of success in building a business. Kiva is well positioned to take advantage of what we believe to be improving economic conditions in the residential housing and multi-family market sector. We are excited to have the opportunity to be a part of Kiva’s continued growth and success.”
