Fourshore Partners Announces Acquisition of Palm Coast Sales

MIAMI--(BUSINESS WIRE)--Fourshore Partners (Fourshore) announced today its acquisition of Palm Coast Sales (“PCS”; “Company”), a wholesale distributor of high-quality outdoor kitchen appliances including premium grills, outdoor kitchens, grill carts, accessories and specialty products.

The Company was founded in 2008 and has since grown to be one of the premier wholesale distributors of outdoors lifestyle products in the Southeastern US. Its products are distributed to dealers specializing in the sale of barbecue grills, outdoor kitchens, outdoor living products, patio furniture and specialty casual furniture. Amongst other brands, PCS is the exclusive distributor for the Big Green Egg in the state of Florida, and for Napoleon and Dometic/Twin Eagles brands in the Southeastern United States.

Nate Barbera, an operating executive at Fourshore, will take on the role of President and Chief Executive Officer at Palm Coast Sales.

“The opportunity to invest in a company with deep and successful relationships with some of the most iconic brands in the outdoor lifestyle space doesn’t come across often,” said Mr. Barbera. He noted that he and the Fourshore team will “be a growth engine for Palm Coast Sales’ OEM partners and will look to expand the number of retailers PCS distributes to across the current geographic footprint”. Mr. Barbera also added that the team will “look to expand our offerings and geographic presence to our dealer partners through both organic and inorganic growth.”

The transaction was led by Nate Barbera, Jose Costa, Pedro Freyre, and Milos Milosevic at Fourshore Partners. Akerman LLP served as legal counsel to Fourshore Partners.

About Palm Coast Sales

Palm Coast Sales is a Jupiter, FL based wholesale value-added distributor, playing a vital role in the supply chain between manufacturers and specialty retail dealers. The Company has exclusive distribution rights for multiple manufacturers in the Southeastern US. PCS has a diverse catalog of products, including premium outdoor appliances and accessories.

https://palmcoastsales.net/

About Fourshore Partners

Fourshore Partners is a Miami-based private equity firm that focuses on lower middle market buyouts in the U.S. and Caribbean. Fourshore targets companies generating between $2m and $15m of EBITDA with enterprise values between $10m and $75m.

https://fourshorecapital.com/private-equity