Mayfair Capital Partners (Mayfair), the private investment division of Oxford Financial Group (Oxford) has sold outdoor furniture specialist POLYWOOD to an investor group led by Arsenal Capital Partners (Arsenal), in partnership with BayPine.
Financial terms of the transaction have not been disclosed.
Headquartered in Syracuse, Indiana, POLYWOOD produces high-density polyethylene (HDPE) outdoor living products including rocking and occasional chairs, benches, swings, dining sets, and deep seating used in residential back yards, patios, and decks as well as restaurants, cruise ships and hotels.
The company’s products offers customer an alternative to traditional material options such as wood, wicker, and metal.
Piper Sandler Companies acted as lead financial advisor to POLYWOOD with Moelis & Company also acting as financial advisor to the company and Nelson Mullins Riley & Scarborough LLP serving as legal counsel. Baird acted as financial advisor to Arsenal and BayPine and Kirkland & Ellis LLP served as legal counsel.
