J.W. Childs Announces Secondary Offering by Tile Shop Holdings, Inc.
July 9, 2013 – We are pleased to announce the recently completed secondary offering by Tile Shop Holdings, Inc. (NASDAQ: TTS) (the "Company"), a specialty retailer in which the principals of J.W. Childs have a significant investment. On June 10, 2013, certain of the Company's stockholders sold 4,887,500 shares of the Company's common stock at a public offering price of $24.25 per share.
The principals of J.W. Childs sponsored JWC Acquisition Corp. ("JWCAC"), a $125 million blank-check company, focused on investment opportunities in the consumer products and specialty retail sectors. On August 22, 2012, JWCAC completed a business combination with affiliates of The Tile Shop and received shares in the Company. A copy of the Company's related press release and recent investor presentation can be found here or at Tile Shop's investor relations page, found here.
The Tile Shop is a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. The Company offers a wide selection of products, attractive prices, and exceptional customer service in an extensive showroom setting. The Company operates 72 stores in 23 states, with an average size of 23,000 square feet.
J.W. Childs is a Boston-based private equity firm focusing on investing in middle market growth companies. Since 1995, the firm has invested in more than 40 companies with a total transaction value of over $12 billion. Notable current and historic investments include Advantage Sales and Marketing, Bass Pro Shops, Beltone Electronics, Brookstone, CHG Healthcare Services, Esselte, Equinox Fitness, Joseph Abboud, Mattress Firm, Meow Mix, NutraSweet, Pinnacle Foods, Sunny Delight, Sheridan Healthcare, The Tile Shop and WS Packaging.
For more information, visit www.jwchilds.com.