Stout announced that its client, Orian Rugs, Inc. (“Orian”), has been acquired by Sage Park. Sage Park is an operations-focused private equity firm that invests in complex transactions and special situations with businesses operating in a diverse set of end markets. Stout served as exclusive financial advisor to Orian in connection with this transaction.

Orian was founded in 1979 and is headquartered in Anderson, SC. The Company is a vertically integrated designer and manufacturer of synthetic woven rugs and specialized yarn products. Orian’s yarns are sold through customers servicing upholstery, automotive, construction, and marine end markets, and its rugs are sold through multi-channel retailers, including big-box, specialty, and third-party e-commerce marketplaces.

Charlotte-based ABTV, a market-leading turnaround management firm, provided Orian with interim management and strategic advisory services.

“We are extremely excited to have helped complete this transaction with Stout and Sage Park,” said Ed Sanz, ABTV’s Managing Partner. “Stout conducted a very thorough and rigorous process in a tough environment, ultimately working with Sage Park’s experienced team to close the deal and not only take care of the company’s creditors, but also return capital to its owners. We are confident that with Sage Park’s support, Orian will thrive and expand to meet the needs of its diverse customer base.”

“We were thrilled to partner with ABTV and Sage Park on the Orian transaction. ABTV was instrumental in restructuring and stabilizing Orian’s operations, which was critical in effectuating a successful sale. Sage Park, with its deep operational experience and long track record of successful investments in special situations, ensures Orian has the requisite platform and resources to continue providing ‘best-in-class’ yarn and rug products to its customers,” said Luis Pillich, Managing Director in Stout’s Special Situations group. “The deal epitomized Stout’s rigorous investment banking process, which maximized the value of Orian, saved over 250 jobs, and enabled Orian to continue building on its 45-plus year legacy in textiles.”

Stout’s Rob von Furth, Andrew Masotta, and Ravi Jagabattuni assisted in executing the deal.

ABTV served as financial advisor, while Nexsen Pruett served deal counsel to Orian. Howard & Howard Attorneys served as deal counsel for Sage Park.

See more information on our Investment Banking services.