Private equity firm Corinthian Capital Management, LLC has acquired Type B custom motorhome manufacturer Ultimate Toys Inc.
Ultimate Toys is based in Cincinnati and was founded in 2017 by father and son Gary and Josh Green.
The manufacturer makes six Type B models on Mercedes Sprinter chassis and a teardrop camper.
“The opportunity to be the first institutional investor in Ultimate Toys, a rapidly growing, innovative business with a large addressable market, fits squarely within Corinthian’s target investment parameters,” said Kenneth Clay, Corinthian managing partner.
Ultimate Toys are available through
a nationwide dealer network and direct to consumers. Corinthian Vice President Charles Bayer said, “We are excited to partner with Ultimate Toys and its strong management team to support the company through its next phase of growth.”
Debt financing for the transaction was provided by Turning Rock Partners, L.P. Latham & Watkins LLP represented Corinthian Capital on the transaction. Ultimate Toys Inc. was advised by Livingstone, an international middle market investment banking practice.
Ultimate Toys CEO Josh Green said: “We are thrilled to partner with Corinthian Capital in the next chapter of our business. This will further accelerate our growth and provide access to new opportunities in establishing the Ultimate Toys brand as a market leader. It is reassuring to have a proven and visionary partner in complete lockstep of our lofty goals and most importantly, helping more people to live their best lives every day.”
For more information about Ultimate Toys, click here.
For more on the investment, email Charles Bayer at [email protected].
