- TM Capital served as an advisor to Resident Home Inc. in conjunction with its sale to Ashley Home, Inc.
- Founded in 2016, Resident Home is an industry-leading, digitally native house of brands and a disruptor in the mattress and bedding category; Resident’s success is underpinned by its expertise in data science and e-commerce technology and its award winning brands, Nectar, Dreamcloud, Awara and Siena
- TM Capital began working with Resident in 2017 and has advised the Company on three financing transactions and various other strategic initiatives including evaluating acquisitions as well as developing commercial relationships with multiple furnishings retailers, including Ashley
- Over this time period Resident Home expanded at a “hyper-growth” trajectory – achieving approximately $900 million in sales in 2023
- Ashley is the largest furniture store brand in North America and one of the world’s best-selling home furnishings brands with more than 1,125 locations in 67 countries
Client Testimonial
“TM Capital has been an absolutely invaluable partner to Resident Home over the last six years. Their creativity in developing and executing on financing solutions for Resident was an important contributor to our hyper-growth ascent (and a key factor in limiting shareholder dilution along the way). As a true partner, TM consistently sought to open doors for us to enhance our business – whether potential commercial partners, acquisition targets, board members and more. In fact, it was their introduction of Ashley, as a potential commercial partner, that ultimately led to their acquisition of Resident. In short, few investment bankers understand the e-commerce and home furnishings landscape quite like they do. These last few years have been quite a journey - and TM’s involvement over this time has been an important contributor to our success."- Ran Reske, Co-Founder and Co-CEO, Resident Home
