Weinberg Capital Group has sold Carls Patio, a retailer of luxury outdoor furniture and accessories, to Rooms To Go. Terms of the transaction were not disclosed. Weinberg Capital acquired the business in 2013. “During our ownership, we developed our proprietary Fifth & Shore furniture brand; proprietary Haberdashery pillow brand; expanded to new locations in Delray, Palm Beach, Tampa and Pembroke Pines; and converted much of our advertising from traditional print and television to digital,” Ronald E. Weinberg Sr., director and principal, said in a statement. “I am confident that with its broad geographic reach, significant advertising platform and purchasing power, RTG is poised to enter the outdoor furniture market in a significant way." Former Carls President Paul Otowchits will take a senior leadership position with RTG. All other employees of Carls have been offered employment by RTG following the close of the acquisition. Ron and his son, Chip, recently distilled their more than 60 years of buying and selling businesses into 10 lessons to help sellers refine their M&A approach. Weinberg’s legal counsel on the deal was Kohrman Jackson & Krantz LLP. HW&Co. provided financial, tax and accounting support.
