SC&H Capital acted as the exclusive investment banker to Dolven Enterprises, Inc. in the recapitalization and placement of a new credit facility.
 
As part of the strategic plan for Dolven, a leading manufacturer of bedding and furniture components to many of the world’s most recognizable home goods brands, the company will rebrand as ZONKD. The new name is symbolic of its established relationships in the sleep industry and the products the company will be focusing on as it continues to grow.
 
Ryan Graven, President and CEO of Dolven, stated, “We have an excellent partnership with our new lender, and we are aggressively focused on expanding the company and increasing our offerings to customers. Despite the global uncertainty, we saw significant growth this past year and our outlook for 2021 is just as strong. The process SC&H Capital ran allowed us to explore a number of options and ultimately move forward with a lender that is ready to support our growth strategy. We felt like it was a good time to rebrand the company and ZONKD reflects the relaxed culture of our staff while paying homage to our customers and products.”
 
Headquartered in Raleigh, North Carolina, Dolven employs over 430 skilled workers out of its facilities in North Carolina, El Salvador, and Shanghai. Plans to expand the facilities are underway to satisfy the increasing demand for Dolven’s products, which include zipper covers and fire-retardant barriers for mattresses.
 
Matt LoCascio, Principal at SC&H Capital, said, “From day one, we saw huge potential for the company and were impressed by Ryan’s ambition to grow the business. Our focus was to find a solution that would support their long-term goals and securing a new lending relationship proved to be the best path forward. Ryan and his team have done a great job building this company and we’re excited to see what the future holds for them.”
 
John Gardner, a partner in K&L Gates Raleigh office, remarked, “It has truly been an honor to work alongside Ryan Graven, as well as Matt and the SC&H team, to assist the company in reaching this critical milestone.  We hope to support the company and Ryan as they move from success to success.”