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San
Bernardino, CA – August 2021 / Newsmaker Alert / Consolidated
Hospitality Supplies Holdings (“CHS” or “the Company”), a consolidation
platform backed by HCI Equity Partners (“HCI”), announces the acquisition
of the inventory and select North American operating assets of American
Hotel Register Company (“American Hotel”), including American Hotel’s
“Registry” brand (the “Transaction”). Since 1865, American Hotel has supported
the growth of the hospitality industry with more than 70,000 products.
In 2017, HCI entered into the hospitality supply business with the purchase
of Amtex and its “Infinti” and “Hotelo” brands which have a strong presence
in the value and mid-tier hotel markets. Following the Transaction, CHS,
with the newly acquired assets of American Hotel and its Amtex business,
will create a hospitality supply platform that will enhance the Company’s
market share, expand the product portfolio, and improve customer engagements
through its national fulfillment and salesforce coverage. Financial terms
of the transaction were not disclosed.
CHS
will offer customers a wider array of products from 5,000 brands, recognized
for their quality throughout the hospitality industry. The newly formed
company will be ideally positioned to serve customers across the full spectrum
from value to luxury hospitality markets.
“This
is great news for the hospitality industry,” said Doug
McCormick, Managing Partner of HCI. “With the addition of American
Hotel’s extensive product portfolio, we have created the most comprehensive
product offering of any supplier in the lodging industry.”
“This
acquisition is exciting for us and our partners and will reshape the hospitality
industry,” said Bill Hirsch, industry veteran and Executive Chair of CHS.
“Together, the Amtex and American Hotel brands will be uniquely positioned
to serve a wide variety of hospitality customers throughout North America.
This acquisition gives us a substantial presence in key categories, builds
relationships with new suppliers, and will enable us to provide improved
value and service to our customers.”
“The
pandemic created extreme challenges for American Hotel and its stakeholders,
so we are very pleased that CHS will be able to revitalize American Hotel’s
strong legacy of effectively serving the lodging community,” said Geoff
Feingold, Vice President of Sales for CHS. “With immediate and significant
investment in inventory complemented by CHS’ management and infrastructure,
we are confident that we can re-establish American Hotel’s long history
of exceptional service.”
About
Consolidated Hospitality Supplies Holdings
CHS
is the platform used by HCI to execute its growth strategy of acquiring
leading hotel supply brands that customers value while delivering efficiencies
through consolidated sourcing and fulfillment.
About
Amtex
Amtex,
based in San Bernardino, California, is a leader in providing lodging supplies
in North America selling bed & bath, housekeeping, guest care, and
furniture supplies. Amtex (www.myAmtex.com)
operates as a one-stop shop for comprehensive lodging supplies with four
strategically located warehouses across the U.S. to service its growing
customer base across North America.
About
HCI Equity Partners
HCI
Equity Partners is a lower middle market private equity firm focused on
partnering with family and founder owned distribution, manufacturing and
service companies. HCI is headquartered in Washington, DC. For more information,
please visit www.HCIEquity.com.
Media
Contact:
Lisa
Baker
Lambert
& Co. |
