HOUSTON, TEXAS (January 14, 2016) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that The Pomeroy Collection, Ltd. (“Pomeroy”) has been acquired by Elk Group International (“ELK”). Through the acquisition of Pomeroy, ELK will further develop exclusive designs across a broader range of product categories.
Founded in 1994, The Pomeroy Collection of home furnishing products are created by an in-house design team, lead by Todd Pomeroy. The company primarily distributes product throughout North America in a variety of categories, including wrought iron and hand blown glass, lighting, decorative ceramics, fragrance, decorative pillows, seasonal, pet and garden.
ELK owns several of the furnishing industry’s well known style-oriented and specialty brands, including Dimond Home (formerly Lazy Susan), Dimond Lighting, GuildMaster, LampWorks, Mirror Masters, and Sterling.
“Pomeroy’s design driven products are offered at compelling values which fulfills the entry level price point gap in our offering” said Bradford Smith, CEO, ELK. “With now over 12,000 stocking SKUs, customers can access a multitude of products, across several brands in an even greater range of categories and price points,” continues Smith.
Pomeroy added, “ELK will provide a competitive edge in terms of operations and shipping, while allowing Pomeroy’s creative staff to focus on continued development of exciting new and unique product. Customers will also benefit through money saving programs such as consolidated shipments with the company’s other brands.”
About The Pomeroy Collection:
The Pomeroy Collection located in Houston, Texas was founded in 1994 by Todd Pomeroy, Mac Shaw, and Paul Pomeroy. What began as a quest to design the best wrought iron and handcrafted blown glass candle lighting products, produced solely in Mexico, soon grew to include distribution throughout the United States, as well as many countries worldwide. Todd Pomeroy, the Design Director and lead designer for the company, working with a small close-knit team of designers in Houston, creates products in a variety of categories including wrought iron and hand blown glass lighting, decorative ceramics, fragrance, serveware, drinkware, decorative pillows, fountains, and garden. Pomeroy’s designs are all created in house while production is sourced from a variety of trusted manufacturers throughout the world.
ELK Group International, headquartered in Nesquehoning, PA, is a premier designer and manufacturer of indoor and outdoor residential and commercial lighting fixtures, decorative accessories and furniture. Through our vast distribution network, we function as a single source provider for a variety of complimentary furnishing categories. Our award winning team of international designers and engineers create coordinating products with uncompromising detail while ensuring each item is crafted to exceptionally high standards of quality, innovation and design. ELK, founded in 1983 distributes over 9,000 products under ELK Lighting, Landmark Lighting, Alico, Nulco, Artistic, Cornerstone, Dimond Lighting, Dimond Home, GuildMaster, Sterling, Bailey Street, Mirror Masters, ELK Hospitality, Baldinger, Pomeroy and Lamp Works brands. Products are available at a network of fine lighting and furniture showrooms, electrical wholesale distributors, department stores and specialty home improvement companies throughout the world.
Statesman is a leading middle market investment bank with offices in Houston and Austin, Texas, providing merger and acquisition sell-side, buy-side, and general corporate financial advisory services to middle-market companies. The Statesman team managing this engagement included Managing Director Sid Shaver and Associate Walker French.