Sullivan, Inc.
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Sullivan, Inc. - overview
Established
1968
Location
Sioux Falls, SD, US
Primary Industry
Consumer Products
About
Sullivan, Inc. is a wholesale provider specializing in home decor and artificial botanicals, offering a diverse inventory that caters to retailers and designers seeking quality decorative items for various occasions. Founded in 1968 in Sioux Falls, US, Sullivan, Inc. focuses on the wholesale market, providing an extensive range of home decor products.
The company has conducted a total of 2 deals, with the most recent deal occurring on February 9, 2023. The leadership includes Meagan Sullivan and Tom Russo, who guide the company's strategic direction. Sullivan, Inc. delivers a wide array of home decor products and artificial botanicals, primarily targeted at the wholesale market.
Their product line includes glass vases, LED candles from Vance Kitira, garden statues, seasonal decorations, and kitchenware, designed to enhance interior and exterior spaces for retailers. The offerings are aimed at independent retailers, interior designers, and home decor enthusiasts across the United States, Canada, and select regions in Europe. Sullivan, Inc. generates revenue through wholesale transactions with retailers, who purchase inventory at competitive prices, with minimum order requirements starting at USD 400.
Their product lines, such as the Darren Gygi Home Collection and Vance Kitira Candles, are priced to provide value while ensuring healthy margins for retailers. The company's predominantly B2B revenue model allows retailers to restock based on consumer demand for seasonal decor and trends, further supported by marketing resources and merchandising advice offered to partners. Sullivan, Inc. intends to launch new products and expand into additional geographic markets following the completion of its most recent deal on February 9, 2023, where Fort Point Capital exited its stake.
Specific details about upcoming product releases or target markets for expansion have not been disclosed, emphasizing the company's approach to utilizing past funding rounds effectively.
Current Investors
Fort Point Capital
Primary Industry
Consumer Products
Sub Industries
Consumer Products
Website
www.sullivangift.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Sullivan, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Exit | Completed | Sullivan, Inc. | - | ||||||||
| Add-on | Completed | Woodstock Percussion, Inc. | - | ||||||||
| Add-on | Completed | Darren Gygi Home Collection | - | ||||||||
| Buyout | Completed | Sullivan, Inc. | - | ||||||||
| Unspecified Exit | Completed | Darren Gygi Home Collection | - |
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