Silver Threads Completes Asset Sale to Prime Hospitality Group

Josh Curtis
Managing Director
Footprint Capital
jcurtis@footprintcapital.com
Phone 614.327.8746

230 West Street
Suite 700
Columbus, OH 43215

TRANSACTION INFORMATION

Footprint Capital (“Footprint”) served as the sell-side advisor on the asset sale of Silver Threads, Inc. (“Silver Threads”) to Prime Hospitality Group, (“Prime”) a portfolio company of Allegheny Financial Group, Ltd. (“AFG”). Carrie Perini, the founder and CEO of Silver Threads remains an owner and continues to run the day-to-date operations. This transaction met the strategic objectives of both companies due to their complementary product offering, sales and marketing channels, and meaningful client base in the hotel and hospitality space. Furthermore, it provided Ms. Perini with a long-term management transition plan.

ABOUT SILVER THREADS

Silver Threads, Inc. operates a state of the art manufacturing and design facility to supply a comprehensive suite of window covering products and related soft goods fabrication services to a blue-chip network of hospitality, senior living, retail, commercial and residential clients in the Eastern United States and Canada. For over 35 years the Company has provided an industry leading level of quality and developed strong relationships at many procurement touch points throughout the construction and renovation industries. For more information, visit: www.silverthreadsinc.com

ABOUT PRIME HOSPITALITY GROUP

Prime Hospitality Group is a leader in case goods for hotels and motels. The company has facilities in Tennessee and Mississippi. For more information visit: www.primehospitalitygroup.com.

ABOUT FOOTPRINT CAPITAL

Footprint is a boutique investment bank focused on advising owners and operators of privately held companies in the middle market. Footprint’s services include sell-side and buy-side merger and acquisition advisory, ownership transition planning, capital raising, and strategic management consulting.