Deal Announcement: Eleni Interiors was acquired by Banko Design
Las Vegas, NV, March 16, 2022 - Blackcastle Partners is pleased to announce the sale of Eleni Interiors to Banko Design.
Eleni Interiors ("Eleni") is a leading Chicago-based interior design and merchandising firm primarily serving the commercial multifamily and builder residential market sectors. Established twenty-nine years ago, the Company provides a full spectrum of interior design services to assist its clients from preliminary planning through project completion and delivery. Eleni has substantial experience in the design of commercial and model home interiors for builders, developers, and management companies in the Midwest and beyond.
For more information about Eleni Interiors, visit: https://eleniinteriors.com/
Banko Design ("Banko") is a full-service interior design and FF&E procurement firm that focuses on senior living, multifamily, and hospitality spaces. The Company's services include programming, budgeting, documentation and modeling, construction administration, and final project installation. Banko also acts as a full-service procurement firm that purchases FF&E, lighting, and flooring. The Company's ability to offer design and procurement services enables it to manage every aspect of its projects through completion. Banko provides its services from studios in Marietta, GA, Minneapolis, MN, and from satellite studios in Florida and Texas.
Banko Design press release: https://www.prnewswire.com/news-releases/banko-design-acquires-an-illinois-interior-design-studio-301503152.html
Blackcastle Partners acted as an exclusive advisor to Eleni Interiors. The transaction closed mid-March 2022; the terms of the deal were not disclosed.
Blackcastle Partners is a mergers and acquisitions (M&A) advisory firm providing consulting services to AEC clients in the United States and Canada. Our mission is to help business owners achieve their exit or growth objectives while creating greater opportunities for all shareholders and employees. Blackcastle's experienced advisory team has completed numerous merger and acquisition transactions and has an established network of strategic and private equity buyers. For more information about us and our services, please visit our website at blackcastlepartners.com
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Blackcastle Partners
(949)614-5564
Interested in exploring your M&A options?
We are seeking sell-side mandates with the following criteria:
Company Size:
- Revenues: $2 million - $100 million
- EBITDA: $0.5 million - $15 million
Services:
- Architecture / Interior Design
- Construction/Project Management
- Environmental Services
- Fire and safety Eng.
- Geomatics
- Geotechnical Eng.
- Highways and Bridges Eng.
- Land Development
- Landscape Architecture
- Mechanical Electrical Plumbing (MEP) Eng.
- Planning Services
- Program Management
- Structural Eng.
- Transportation / Infrastructure Eng.
- Water and Wastewater Eng.
Geography:
- United States
- Canada
Characteristics:
- Sustainable profit margins
- Compelling growth opportunities
- Competitive advantages
Management team:
- Owner(s) seeking to retire/exit within 2-5 years
- Management team looking for partnership opportunities to grow the business
- Strong next-generation leadership
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