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High Road Capital Partners acquires York Wallcoverings

High Road Capital Partners has acquired York Wallcoverings, the fourth acquisition for the firm’s High Road Capital Partners Fund II. 

Founded in 1895, York Wallcoverings is a manufacturer of wallpaper, borders, murals, and RoomMates peel-and-stick removable and reusable wall decals. York’s portfolio of globally recognised proprietary and licensed brands includes Antonina Vella, Ashford House, Candice Olson, Carey Lind, Ronald Redding Designs, Waverly, and York.
 
York Wallcoverings’ products are sold through an extensive network of interior design firms and domestic and international distributors, and in online, specialty and big-box retail stores. The company sells its residential and commercial products in more than 85 countries with a market leadership position in North America and an expanding presence across Asia, Europe, Latin America and the Middle East.  
 
“York Wallcoverings has a strong competitive position, backed by 120 years of operating experience and expertise,” says Jeff Goodrich, High Road Partner. “Prospects are strong for the commercial and residential wallcovering markets, marked by an uptick in remodeling and new construction spending. York has many opportunities for growth, both organic and through acquisition or expansion into related product lines, and we are excited to partner with their exceptional management team.” 
 
High Road Principal Dan Gaspar, says: “York’s extensive manufacturing capabilities and printing technologies are unmatched in the industry. York uses rare and historic printing presses to achieve unique designs, as well as state-of-the-art presses and digital printing technologies.  These are crucial to delivering high-end, innovative stylings and customizable products to customers.”      
 
Carl Vizzi, President and Chief Executive Officer of York Wallcoverings, says: “For over a century, York has provided its customers with market-leading design capabilities and exceptional products, reflected in our portfolio of 15,000 wallpapers, with more than 5,000 proprietary designs and well-respected brands. We look forward to working with High Road and continuing the company’s successful expansion.” 
 
High Road’s acquisition of York Wallcoverings closed on 4 March , 2015. Vizzi will continue to lead the company post-closing. He and other members of York’s senior management team invested in the transaction alongside High Road. Jeff Goodrich and Dan Gaspar led the transaction for High Road, assisted by Jerry Anderson and James Karle. US Bank and M&T Bank provided senior debt financing for the transaction. Babson Capital Management provided subordinated debt and also invested equity alongside High Road. 

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