Bunker Hill Capital, a Boston based private equity firm, has acquired Dyno Holdco, the exclusive licensee of the Singer brand for sewing accessories and one of the largest producers and marketers of holiday decorative home products in North America, from TG Capital Corp.
The exclusive license enables Dyno to sell a large and diverse portfolio of sewing products, including cutting instruments, fasteners, needles, thread and a wide variety of other sewing related notions and accessories from an iconic sewing and craft brand. Dyno’s sewing business is complemented by its holiday decorative home products that include holiday-oriented home décor, holiday decorations and ornaments, tree stands, decorative bows, light-hanging accessories and storage solutions. Like its sewing products, a portion of Dyno’s holiday products are marketed under proprietary or licensed brands, or are protected by product design patents.
Jim Moynihan, chief executive of Dyno, says: “We are excited about the opportunity to partner with Bunker Hill Capital to continue to grow the company’s diverse portfolio of sewing, craft and holiday products. The management team believes that Bunker Hill Capital provides the company with extensive strategic expertise that will accelerate our growth both domestically and internationally. Importantly, we share a common vision of becoming the market leader in each of our core businesses.”
Headquartered in Pompano Beach, Florida, and with offices in Chicago, Illinois and Hong Kong, Dyno has achieved strong revenue and earnings growth driven by its Singer license and expansion into new holiday product categories both organically and through acquisition.
Mark DeBlois, a managing partner of Bunker Hill Capital, says: “Dyno’s two major product categories sell to a substantially similar demographic mix of consumers at recession resistant price points and offer both organic and acquisitive growth opportunities. We are excited to partner with Jim Moynihan and his team.”
