ClearLight Partners Acquires Majority Interest in Evriholder

NEWPORT BEACH, Calif.-Private equity firm ClearLight Partners has acquired an ownership interest in Evriholder Products, LLC, a provider of impulse-purchase housewares. With a product portfolio spanning storage and organization, cleaning, bath and personal care, barware and kitchen categories, Evriholder will use the investment from ClearLight to fund a range of growth initiatives, including new product and program development and acquisitions.

"Working with Michael Kaye and Jay Shepherd of ClearLight Partners over the last few months has been wonderful," said Gary Seehoff, CEO of Evriholder. "We are extremely impressed and grateful for the support and confidence they are showing in us; their resources are tremendous and we look forward to growing the company strategically with their guidance." Seehoff and Ivan Stein, Evriholder's president, have invested alongside ClearLight, Seehoff told HFN. He also stressed that there will "be no change in business operations...We've had wonderful growth and there will be no tinkering with that."

The investment will allow the company to become "bolder" with acquisitions, Seehoff said, and it will entertain purchasing "companies large or small, if they are involved in the same core track as we are." The company last purchased Drake-Williams, which markets bath, shower and spa products nationwide, in April.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN August 2017 cover

    HFN's DIGITAL EDITION

    August 2017


    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    ALSO IN THIS ISSUE:

    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.