Resident Essentials, LLC

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Resident Essentials, LLC - overview

Location

Weymouth, MA, US

Primary Industry

Consumer Products

About

Resident Essentials, LLC, based in the US, specializes in selling adaptive clothing and nursing home furniture tailored for seniors and individuals with disabilities, promoting comfort and independence in daily living. Resident Essentials, LLC focuses on providing specialized clothing and furniture for seniors and individuals with disabilities. The company is headquartered in Weymouth, US. In November 2022, WILsquare Capital acquired Resident Essentials, supporting the company's next phase of growth.


Resident Essentials specializes in providing a comprehensive range of clothing and furniture designed specifically for seniors and individuals with disabilities. Their core product offerings include adaptive clothing that facilitates ease of dressing for elderly men and women, along with nursing home furniture that combines practicality and style. Adaptive clothing is engineered to accommodate individuals with limited mobility, promoting independence whether they dress themselves or require assistance. Additionally, the company offers various nursing home furnishings, including lift chairs, electric beds, and bedroom furniture, aimed at enhancing comfort and functionality in assisted living environments.


Resident Essentials primarily serves nursing homes, guardians, families, and caregivers across North America, ensuring that they meet the diverse needs of older adults and those requiring special assistance. Resident Essentials generates revenue through direct-to-consumer sales and partnerships with nursing homes and guardians. Customers can purchase products through their online platform, with a notable structure that includes billing to resident trust accounts, enabling streamlined transactions for families and care facilities. The company emphasizes ease of billing and offers services such as free name labeling for clothing, enhancing their customer value proposition.


While specific pricing details are not disclosed, the product range includes essentials like adaptive clothing and various types of senior furniture, potentially positioning these offerings as key revenue drivers. The revenue model is characterized by single transactions for individual products, which may include flagship items such as adaptive clothing collections and specialty furniture designed for seniors. In November 2022, WILsquare Capital acquired Resident Essentials, LLC. The acquisition supports the company's next phase of growth.


Future plans may include designing and launching new adaptive product lines, though specific release dates have not been disclosed. The company also aims to expand its market presence in additional regions of North America, further enhancing its reach by the end of 2023.


Current Investors

WILsquare Capital

Primary Industry

Consumer Products

Sub Industries

Furniture

Website

http://www.residentessentials.com

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Resident Essentials, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedResident Essentials, LLC-

Displaying 1 - 1 of 1

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.