Based in Sparks, NV, VIA, a rapidly growing manufacturer of high quality office seating, established itself as the “quick ship” pioneer in the contract furniture industry in the United States. In an industry where 4-6 week and longer lead times are the norm, VIA successfully implemented its “Every chair, every option, every fabric, every leather, ready in 48 hours” strategy while simultaneously establishing itself as a leader in the design of ergonomic seating.
Clearview led a leveraged recapitalization of the company that allowed the company’s founder to remain the largest individual shareholder in the recapitalized company. The company’s founder had a great desire to continue in his role as CEO but wanted an experienced partner to assist in the continued growth of the company. Clearview was able to structure a transaction that also allowed key members of management to acquire significant stakes in the company.
The VIA transaction closed on June 1, 2000.
Clearview sold VIA on September 20, 2005.