Management Buyout

Manufacturer of education and office furniture completes management buyout

MooreCo, Inc., headquartered in Temple, Texas, is a leader in the educational and commercial markets for visual communication products, technology support equipment and furniture. With state of the art equipment, highly trained employees, and excellent logistics and shipping systems, MooreCo has established a widely-recognized reputation for quality and reliability. Most recently, MooreCo integrated Vanerum Stelter from Belgium into its family of brands, expanding their product offering into the architectural and design marketplace.

In late 2016, Greg Moore, President and CEO of MooreCo, sought a financial partner to support the management buyout of MooreCo from Webster Capital as well as the recapitalization of the company. Working closely with the management team to assess their needs, Prudential Capital Group structured a one-stop financing solution incorporating senior debt, subordinated debt and structured equity.

The management team selected to partner with Prudential Capital Group based on it’s long-term, relationship-based investment strategy and ability to craft a one-stop financing solution that met the team’s goals. The completion of the transaction will allow MooreCo to explore future growth opportunities as well as strengthen its position in existing markets.

Westlake Securities, a Texas-based investment banking firm, served as financial advisor and placement agent on the transaction.