Select Interior Concepts is one of the leading providers of interior surface products for residential and commercial builders. It has two subsidiaries doing business as Residential Design Services ("RDS") and
B. Riley FBR acted as sole initial purchaser and placement agent in the transaction. The offering was conducted as a private placement pursuant to Rule 144A of the Securities Act of 1933 and other exemptions.
"This a very unique transaction that supports the long-term growth of Select Interior Concepts and enables its owners to realize a majority of their investment," said Bryant Riley, Co-CEO of B. Riley FBR and Chairman and CEO of B. Riley Financial. "We executed quickly to secure Select Interior Concepts a high quality institutional investor base and worked seamlessly with management for a successful outcome."
"Select Interior Concepts is now positioned with a highly liquid balance sheet, strong senior leadership, and the institutional expertise to take advantage of the market opportunities in front of the company and to pursue further M&A to accelerate growth. We are very excited about the future of the company and pleased with the result of the 144A offering. The private placement is an effective exit alternative that has kept the company independent and on a strong path for growth," commented
"This capital raise enables our longstanding partner,
About B. Riley FBR, Inc.
B. Riley FBR, Inc. is a leading investment bank which provides corporate finance, research and sales and trading to corporate, institutional and high net worth individual clients. Investment banking services include initial secondary and follow-on offerings, institutional private placements and merger and acquisitions advisory services. The firm is nationally recognized for its highly ranked proprietary equity research.
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