Gary Crittenden joined HGGC, LLC, as its chairman and managing partner in 2009, after working as the chief financial officer of Citigroup. HGGC remains one of the nation’s leading middle market private equity firms. Recently, Gary Crittenden’s firm announced that its portfolio company Hollander Home Fashions, LLC, would acquire Louisville Bedding Company. The joined companies will operate under the name Hollander Sleep Products, LLC. Hollander acquired only the Louisville Bedding basic bedding retail business; Louisville Bedding will continue to operate a contract bedding business. Many Louisville Bedding employees, however, will become members of the Hollander team. Home Textiles Today magazine hailed the new entity as the largest utility bedding pure play supplier in North America, and the third largest in the entire industry.
The acquisition represents an important transaction for Gary Crittenden’s firm, Hollander, and the bedding industry as a whole. With the acquisition, Hollander has obtained a number of new manufacturing facilities that will drastically increase its output and widen its distribution network, positioning the company for further expansion.