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Thomas H. Lee Partners Acquires Majority Stake in House of Design to Build on Robotic Technology
Wednesday 15 September 2021

US-based private equity firm Thomas H. Lee Partners, L.P. (THL) has acquired a majority interest in Idaho-based House of Design LLC, a provider of robotic automation systems and software for the residential construction market, to build upon its robotic technology and software platform and accelerate new product innovation, the company said.

Terms of the transaction were not disclosed.

THL's investment will strengthen House of Design's existing capabilities and provide capital and resources for future growth investments. House of Design's co-founders will hold minority positions in the company.

House of Design is a provider of automated solutions for the building components and residential offsite construction industries.

The company designs and engineers robotic systems that increase component manufacturers' production output and capacity while reducing the challenges of labor shortages.

Stifel acted as financial advisor, Kirkland and Ellis LLP acted as legal advisor and PwC acted as accounting and tax advisor to THL.

PEAK Technology Partners, a San Francisco based investment bank, acted as the exclusive financial advisor and Stoel Rives acted as legal advisor to House of Design.
Date Published: 15/09/2021