Pacific Northern recapitalizes with the help of hedge fund firms
One of the world's leading designers and manufacturers of product display and fixtures in the luxury retail industry, Pacific Northern Inc., recently announced it had completed the recapitalization with management together with an investor group comprising of Barton Creek Equity Partners and Tuckerman Capital.
The management team of Pacific Northern would be retaining a significant portion of the company ownership in order to deliver innovative, manufacturing and professional design services to its customer list. Joining the management team and Pacific Northern would be Barton Creek Equity Partners and Tuckerman Capital in its goal to continue in its improvement and expansion of service offerings to the world's leading brands and retailers.
Pacific Northern was established back in 1987 and holds its headquarters in Dallas, TX. It operates manufacturing facilities in Asia as well as undertakes sales activities in the American, European and Asian markets. The company also works hand in hand with the best known watch, jewelry, clothing and accessory brands together with retailers that deliver high quality product displays with in-store fixtures. The products coming from Pacific Northern is a critical component of brand development for product launches, store refreshers as well as new store rollouts.
According to Pacific Northern Founder & CEO Edith Lee, "We are excited to have Barton Creek and Tuckerman Capital as our new partners. Their experience and expertise helping founders and management teams build and grow great companies that serve customers exceedingly well are an excellent for for the next stage of our growth."
For its part, Barton Creek Equity Partners Ron Duncan said, "Eddie, his family, and the PN team have built a top notch company that provides critical services to world class customers in several luxury goods markets. A number of opportunities exist to expand and improve the company's offerings and we are thrilled to work with the tram to pursue these growth and development opportunities."