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Brightmore Brands completes acquisition of Texas Thrift to create largest privately-held thrift business in North America

Sep 10, 2024•11 months ago

Acquiring Company

Brightmore Brands

Acquired Company

Brook Valley Management

ScottsdaleBirminghamRetailRetail

Description

Brightmore Brands, a Beach Point Capital Management LP portfolio company, has acquired Texas Thrift from Brook Valley Management. Pro forma for the transaction, Brightmore now operates 37 stores across multiple states, representing the largest privately-held for-profit thrift store chain in North America. This acquisition accelerates Brightmore's expansion into Texas and strengthens its presence in the thrift industry.

Company Information

Company

Brightmore Brands

Location

Scottsdale, Arizona, United States

About

Brightmore Brands was formed in 2022 through the combination of myUnique and EcoThrift. Brightmore is a proud partner of many charity organizations across the country supporting veterans, those struggling with chronic illnesses and disadvantaged groups. The Company processes over 60 million pounds of used clothing each year, redirecting textiles and other goods for reuse that would otherwise be destined for a landfill. The Company operates 37 stores across Texas, New York, New Jersey, California and Minnesota.

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M&A Insights

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Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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