BDO Capital Advisors, LLC (BDO Capital) is pleased to announce the sale of Coastal Industries, Inc. (Coastal) to American Bath Group, LLC (ABG), a leading manufacturer of bathtubs, showers, shower doors and related products. The transaction closed on October 4th and terms of the deal were not disclosed.
BDO Capital served as exclusive financial advisor to Coastal on this transaction, which builds on the firm’s experience working with entrepreneur-owned companies in the manufacturing sector. Valentina Midura, Senior Managing Director, led the engagement for BDO Capital.
Founded in 1972, Coastal offers a broad array of high-quality shower and bath products including swinging and sliding doors, fixed panels, tub doors, room dividers and hardware. The Company distributes its products through three Company-owned regional distribution centers, online retailers and an international network of dealers.
American Bath Group is a leading manufacturer of bathtubs, showers, shower doors, and related products in North America. ABG is a portfolio company of Centerbridge Partners, L.P., a private investment firm with offices in New York and London that manages approximately $31 billion in capital across 10 funds.