Cali Bamboo LLC, a San Diego-based manufacturer of bamboo flooring and other bamboo products, has been acquired by private equity firm High Road Capital Partners, the companies said Wednesday.
Cali Bamboo, founded in 2004, makes flooring, fencing, composite decking and plywood made from bamboo. It also makes eucalyptus flooring and cork tiles. The company has sold directly to about 250,000 consumers but wants to pursue other distribution methods.
“We are building a presence in other distribution channels, including a rollout with a premier home improvement retailer,” founder and CEO Jeff Goldberg said. “High Road will provide guidance and resources to support the rapid growth of our business.”
Financial terms of the deal were not disclosed. High Road said, however, that it focuses on lending to customers with revenues of $10 million to $100 million and earnings before interest, taxes, depreciation and amortization of $3 million to $10 million.