Kalisher, a creator, curator and manufacturer of art for the commercial hospitality industry, has been bought by LongWater Opportunities, an operationally focused private-equity firm based in Dallas. Terms of the deal were not disclosed.
Kalisher was created by Jesse and Helen Kalisher in 2004 in a spare bedroom of their home in Carrboro, North Carolina. Jesse Kalisher died last July at age 55, after a battle with cancer. The company he co-founded today has more than 100 employees across three continents. It has a staff of full-time studio artists and curators, and maintains its own print studio and production facility in North Carolina.
“We are very excited to partner with LongWater as our company enters a new phase,” says David Winton, president of Kalisher. “LongWater’s vision for the company is consistent with our culture of creativity and service that we’ve worked so hard to build. We are excited to work together and benefit from LongWater’s impressive experience as we bring our creative engine to new roads across the world.”
Will Dobbs, partner at LongWater, adds: “We are very excited to partner with the Kalisher team to continue the legacy of creativity, quality and unmatched customer service that the company has built over the last 15 years. The team’s passion for art and unique culture has brought the company to where it is today. Kalisher’s quality product and diverse, loyal customers have positioned it as a dominant player in the hospitality art market, and we’re confident that this team will succeed in entering new markets and driving further growth.”
In addition to the acquisition, Kalisher announced that Jon Cochran has been promoted to vice president, business development. Cochran was previously senior director of business development.