SOUTHLAKE, Texas and CINCINNATI, Ohio – December 17, 2021 – Insight Equity Holdings LLC (“Insight Equity”) is pleased to announce a dividend recapitalization of its portfolio company, Easy Way Leisure Corporation (“Easy Way” or the “Company”), a designer and manufacturer of premium custom and innovative cushions, pillows, umbrellas, covers, drapes, and other accessories for the outdoor furniture industry. The Company was founded in 1946 and is headquartered in Cincinnati, Ohio, with manufacturing facilities in Matamoros and Torreon, Mexico, and distribution centers in Brownsville and Harlingen, Texas.
Andrew Boisseau, Partner at Insight Equity, noted, “We are thrilled about the recapitalization of Easy Way and return of capital to our investors. Easy Way’s management team, led by CEO Jon Randman, along with the Company’s value proposition and operational efficiency, have created a differentiated supplier to the tier-1 furniture market. The Company’s best days are still ahead, and we’re excited about supporting its next phase of growth.”
Jeff Parent, Senior Vice President at Insight Equity, added, “Easy Way’s growth trajectory coupled with its intense commitment to its customers and dedication to continuous improvement created a unique opportunity to recapitalize the Company and create a more efficient capital structure while enhancing its growth journey and continued fulfillment of customer needs. Insight Equity and its supportive credit partners remain committed to Easy Way and will continue to provide the capital and operational assistance needed to achieve the Company’s aggressive expansion plans.”
Easy Way manufactures and sells premium outdoor cushions, pillows, patio and umbrellas, drapes, and furniture covers. Easy Way seamlessly manages the complexities of manufacturing, logistics, and inventory management enabling its customers to focus time and resources on front line sales and marketing execution. The Company strives to be the premier provider of high-performance lifestyle furnishings. For over 50 years, indoor and outdoor furniture retailers have relied on Easy Way for innovative product design, superior quality, and its responsive manufacturing supply chain.
Insight Equity makes control investments in strategically viable, middle-market manufacturing and distribution businesses across a wide range of industries. Leveraging its collaborative value creation model, Insight Equity facilitates operating enhancements, efficiency improvements, and growth. The firm specializes in partnering with companies in complex, unique, or challenging situations, including corporate divestitures, management buyouts, growth opportunities, going-private transactions, restructurings, and transitions from family ownership. Insight Equity is headquartered near the Dallas / Ft. Worth International Airport in Southlake, Texas. The firm also has an office in New York City.