New Bath Today Acquired by Atlanta Company
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Atlanta-based SageHome Inc. has acquired New Bath Today Inc., a bathroom renovation specialist located in Indianapolis. SageHome, which designs senior living spaces, says it partnered with Cairngorm Capital Partners LLP on the acquisition.
While financial terms of the deal were not disclosed, SageHome says the acquisition enhances its “aging-in-place” offerings.
“The launch of our bath division is the first key stage in our strategy, so we are delighted to collaborate with Mike, Ryan and the rest of the NBT team,” said SageHome Chief Executive Officer Brian Hutto. “The overwhelming majority of mature Americans want to remain in home for as long as possible so we are excited to bring our solution to the market. Our goal is to develop a national home modification business that addresses all the needs of senior homeowners in a holistic way.”
SageHome says Mike and Ryan Redman, NBT’s CEO and president, respectively, will continue to lead the business and will collaborate to expand geographically, as well as into adjacent products and services.
“We are delighted to be collaborating with SageHome and are excited by the partnership,” said Mike Redman. “We believe that we have found the right partners to help us advance our business – those who share our vision for growth but are respectful of our culture and will look after our people. This partnership is a perfect fit for us and will offer opportunities for rapid growth with SageHome and Cairngorm Capital.”
NBT employs about 90 people and serves six states in the Midwest.