Greensboro based Sherrill Inc. has sold controlling interest of the company to Platte River Equity, a Denver, Colorado-based private equity firm. Generation Equity Investors and company founder Tobe Sherrill have owned the company for the past 10 years.
Matt Newill, Vice President of Platte River, states “Sherrill’s brand name has been synonymous with great customer service and bringing innovative and quality third-party products to market, and we look forward to continuing this long tradition in partnership with the existing management team.”
“As we launch into 2019, investments in web infrastructure, planning systems, personnel, and product innovation are already underway. These initiatives will benefit the company and its customers for the coming year and beyond,” said Tripp Wyckoff, Sherrill’s CEO and President.
Peter Calamari, Managing Director of Platte River, states, “We are excited about our partnership with Tripp and the entire Sherrill team. We look forward to working with the company to expand their distribution capabilities as well as continuing to invest in the business to serve its trade partners and diverse customer base better in the years to come.”