Expressions Custom Furniture
In 1992 Palisades acquired Expressions Custom Furniture, a $60 million manufacturer, retailer and franchisor of high-end upholstered sofas and chairs.
Palisades sponsored and was a substantial investor in the acquisition of Expressions. Through later acquisition, restructuring and financing, as well as a complete mid-term replacement of operating management, Palisades successfully built the company to a point where its position was highly valued by traditional furniture manufacturers, resulting in a sale of the business to Century Furniture. Palisades and its co-investors earned greater than 35% annual returns on investment over the five-year period of sponsoring the Expressions deal.