CHATTANOOGA, Tenn. (April 23rd, 2024) — FourBridges Capital Advisors announced today that American Bedding Manufacturers (ABM or the Company) has received a majority investment from Valesco Industries, a Dallas based private equity fund. FourBridges acted as the exclusive investment banker to ABM and negotiated and structured the transaction on behalf of owners Boyd and Dale Reynolds.

Founded in 1997 and located in Athens TN, ABM is a B2B niche manufacturer and distributor of mattresses, bed frames, and case goods for institutional end markets including youth camps, missions and shelters, military bases, and colleges and universities.

Valesco Industries is a Dallas-based private equity firm focused on making majority and minority investments in select growth-oriented middle-market businesses engaged in manufacturing, value-add distribution, and business services. ABM represents the second investment out of Valesco’s Fund III, which recently raised $434 million.

“We were pleased with the number of parties that FourBridges brought to the table,” said ABM co-founder and CEO, Boyd Reynolds. “We are excited to partner with Valesco Industries and believe American Bedding is poised to continue its strong history of growth with continued investment in key operational areas.”

Valesco completed a majority buyout from the founders, partnering with the existing management team to capitalize on the Company’s long-standing market position, favorable industry tailwinds, and highly achievable growth opportunities.

“What a classic American success story, where two brothers with no relevant industry experience can buy the assets of a bankrupt company and turn it into a dominant leader in the markets they serve,” said FourBridges Managing Director Andy Stockett. “At the same time, they built a company that provided numerous jobs and opportunities for friends, family and fellow church members in the Athens community.”

“It was a pleasure working with Boyd, Dale and Hali Reynolds,” added Andrew Allred, Vice President at FourBridges. “It was gratifying to see the amount of interest that was generated based on the company’s performance and reputation in the marketplace.”

Legal advisors to ABM and the ownership group were Laura McKinney and Eric Stocking at Chambliss, Bahner and Stophel P.C. Reese Veltenaar and David Wolfe of Acumen Wealth Advisors provided personal financial advisory services.

About American Bedding Manufacturers

American Bedding Manufacturers, Inc. is a family owned company founded in 1997 in Athens, TN by brothers Boyd and Dale Reynolds. What began as a small 3,000-square-foot facility has grown into a state-of-the-art 300,000-square-foot manufacturing facility. Today, the company is a leader in providing quality, comfortable bedding and furniture products to camps, shelters, missions and other institutions across America and globally. For more information, visit americanbeddingmfg.com.

About Valesco Industries

Valesco is a Dallas, Texas based private equity firm that focuses on making control and non-control investments in select growth-oriented small- and lower- middle-market businesses engaged in manufacturing, distribution, and business-to-business services. Valesco specializes in partnering with a company’s management team to support its growth objectives. As long-term industry veterans, the principals have capitalized and built numerous successful businesses, serving those companies in varying roles as investors, managers, advisors, and directors. For more information, visit valescoind.com.

About FourBridges

FourBridges Capital represents business owners who are thinking about selling their company, making an acquisition, or refinancing. The partners run a proven process to identify quality buyers, achieve the best value, and close a deal fast. For more information, visit fourbridgescapital.com.