The Edgewater Funds Announces the Sale of Evriholder
The Edgewater Funds (“Edgewater”) is pleased to announce the recent sale of its ownership interest in Evriholder Acquisition, Inc. (“Evriholder” or the “Company”).
Founded in 1995, Evriholder is a designer, developer and distributor of household, kitchen, and personal care products to a large customer base across key brick and mortar and online channels throughout North America and internationally. Evriholder serves as a strategic partner to the country’s leading retailers with strong brand recognition and a reputation within the industry for consistent product innovation, responsiveness, high-quality customer service and rapid speed to market capabilities. The Company’s broad portfolio of 3,000+ innovative products can be found in leading mass, off-price, specialty, supermarket and e-Commerce retailers encompassing approximately 100,000 doors in over 35 countries across the world. The Company’s headquarters are in Brea, CA with additional offices in Ningbo, China and Montreal, Canada.
Evriholder, led by Chief Executive Officer Ivan Stein, partnered with Edgewater and its affiliates in October 2018. During the investment period, the Company, with Edgewater’s support, diversified its customer base, streamlined logistics, improved reporting capabilities, grew its product offering, solidified its supplier base and completed the highly strategic acquisition of Murray Sales Inc. (d/b/a “Joie”). Together these initiatives resulted in Evriholder delivering significant revenue and profitability growth.
Edgewater partners with outstanding management teams to accelerate growth in their business. We are a flexible partner and can execute control and non-control investments. For more information, visit the Edgewater website: www.edgewaterfunds.com or contact us at email@example.com for any questions or information.