HG Holdings, Inc. (North Carolina)

HG Holdings, Inc. (North Carolina)

HG Holdings, Inc. (North Carolina)

Overview
Date Founded

1924

Headquarters

1641 Fairystone Park Highway,Stanleytown, VA 24168

Type of Company

Public

Employees (Worldwide)

109

Industries

Investment Services & Portfolio Management
Other Business & Consulting Services

Company Description

HG Holdings, Inc. (North Carolina) engages in the design, marketing, and distribution of the wood residential furniture through the brick-and-mortar furniture retailers, online retailers, and interior designers worldwide. It operates through the Stanley Furniture and Stone & Leigh brands, and also under a licensing agreement with Coastal Living magazine. The company was founded by Thomas Bahnson Stanley in 1924 and is headquartered in Charlotte, NC.

Contact Data
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Executives & Employees

Chairman of the Board & Chief Executive Officer

Vice President of Sales-Brick & Mortar

Vice President-Interior Design Sales

Vice President of Sales-Interior Design

Board of Directors

Chairman of the Board & Chief Executive Officer at HG Holdings, Inc. (North Carolina)

Managing Member at Willow Oak Advisory Group LLC

Chief Financial Officer at Serta Simmons Bedding LLC

General Partner at HALE PARTNERSHIP FUND, L.P.

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HG Holdings, Inc. (North Carolina)
Owners & Shareholders
Details Hidden

Solas Capital Management typically invests a large majority of their clients' assets in equity and equity-related securities that may be affected by business, financial market or legal uncertainties. The firm's investment approach focuses on fundamental value with respect to specific securities, both in long and short strategies. The strategy is designed to achieve absolute investment returns and preserve capital, regardless of market conditions. Solas Capital's objective is to avoid significant net exposure to the market as a whole, and to various aspects of the market, while focusing on identifying specific investment situations which represent the best opportunities for optimal risk-adjusted returns.Solas Capital uses primary research and fundamental bottom-up analysis to develop a deep, fundamental view of companies and to identify opportunities across investment instruments. They seek to identify companies which will out-perform, as well as those that will under-perform, in any given industry sector and across a wide range of global markets. Their value-oriented strategy is consistent in approach and does not depend on market environment. Solas Capital typically maintains low net exposure and does not vary exposure or attempt to predict market movements in the broad market.

Details Hidden

Solas Capital Management typically invests a large majority of their clients' assets in equity and equity-related securities that may be affected by business, financial market or legal uncertainties. The firm's investment approach focuses on fundamental value with respect to specific securities, both in long and short strategies. The strategy is designed to achieve absolute investment returns and preserve capital, regardless of market conditions. Solas Capital's objective is to avoid significant net exposure to the market as a whole, and to various aspects of the market, while focusing on identifying specific investment situations which represent the best opportunities for optimal risk-adjusted returns.Solas Capital uses primary research and fundamental bottom-up analysis to develop a deep, fundamental view of companies and to identify opportunities across investment instruments. They seek to identify companies which will out-perform, as well as those that will under-perform, in any given industry sector and across a wide range of global markets. Their value-oriented strategy is consistent in approach and does not depend on market environment. Solas Capital typically maintains low net exposure and does not vary exposure or attempt to predict market movements in the broad market.

Recent Transactions
Details Hidden

Churchill Downs LLC purchases Stanley Furniture Co., Inc. /Operating Assets from HG Holdings, Inc. (North Carolina)

Details Hidden

Charterhouse Group, Inc., Stanley Interiors Corp. /Private Group purchase HG Holdings, Inc. (North Carolina) from Clayton Dubilier & Rice LLC

Insider Transactions
Transaction Advisors
Escrow Agent

Advised onChurchill Downs LLC purchases Stanley Furniture Co., Inc. /Operating Assets from HG Holdings, Inc. (North Carolina)

Legal Advisor

Advised onChurchill Downs LLC purchases Stanley Furniture Co., Inc. /Operating Assets from HG Holdings, Inc. (North Carolina)

Investment Advisor

Advised onChurchill Downs LLC purchases Stanley Furniture Co., Inc. /Operating Assets from HG Holdings, Inc. (North Carolina)

Legal Advisor

Advised onChurchill Downs LLC purchases Stanley Furniture Co., Inc. /Operating Assets from HG Holdings, Inc. (North Carolina)

Key Stats and Financials As of 2017
Market Capitalization
$8.39M
Total Enterprise Value
$10.8M
Earnings Per Share
$-0.54
Revenue
$45.2M
Net Profit
$-7.71M
EBITDA
$-7.74M
EBITDAMargin
-17.14%
Total Debt
$0
Total Equity
$12.2M
Enterprise Value Sales
0.24x
TEVNet Income
-1.4x
Debt TEV
0x
Three Year Compounded Annual Growth Rate Of Revenue
-9.34%
Five Year Compounded Annual Growth Rate Of Revenue
-14.45%
Political Donations
$1,000
2009
Investors
Details Hidden

Charterhouse Group focuses on actively acquiring and managing middle-market companies in the business services, healthcare services and consumer products and services sectors. The firm seeks to invest in established, middle-market businesses with enterprise values of $50 million to $300 million through a variety of private equity transactions. While their concentration is on buyouts and build-ups, they also pursue growth capital financing opportunities. In addition, Charterhouse always considers prospective platform investments where the enterprise value is initially less than $50 million if the company is well-positioned for rapid growth through a build-up strategy in which add-on acquisitions are identifiable and achievable within the specific industry. In addition, in select instances the firm participates in larger transactions through co-investments with their limited partners, strategic corporate partners or with other financial investors where they are able to utilize one of their 'Charterhouse Entrepreneurs' to play a significant management or board director role.Currently, Charterhouse also sources a significant number of opportunities to make minority preferred stock investments in entrepreneur-owned, closely-held and sponsor-controlled deals, as well as in public entities. The firm is interested in exploring these types of non-control situations, with emphasis on situations in which high-quality companies are unable to tap the strained financial markets. Charterhouse generally seeks to invest at least $20 million in such opportunities.When considering investment opportunities, Charterhouse typically looks for the following: (1) superior, highly motivated management teams with proven track records of success in the same or within a related industry (2) favorable industry dynamics that will support revenue and earnings growth (3) leading positions in a sizable or rapidly growing and/or shifting market (4) sustainable competitive advantages such as brand recognition or proprietary products, services, processes or customer relationships (5) scalable business models and (6) the ability to exert significant board influence or control.The firm seeks to invest in middle-market businesses through a variety of private equity transactions including buyouts, buildups and growth capital. They look for companies with enterprise value between $75 million and $300 billion. They always consider smaller investments and they participate in larger transactions through co-investments with their limited partner base or through other strategic relationships.

Details Hidden

Founded in 1978, Clayton, Dubilier & Rice LLC is a private equity firm located in New York City. The firm is a subsidiary of Clayton Dubilier & Rice Holdings LP. Their investors include financial institutions, university endowments and corporate and public pension funds.

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