July 19, 2017

CT retailer EbLens gets new equity partner

Torrington clothing retailer EbLens LLC, which has several stores in the Greater Hartford area, said Wednesday Boston equity firm J.W. Childs Associates L.P. has acquired a majority interest in the company from KarpReilly LLC.

Financial terms of the deal were not disclosed.

EbLens, founded in 1949, operates 44 stores throughout the northeastern U.S., including in Manchester, Bristol, Bloomfield, Meriden, East Hartford, Wethersfield, and New Britain.

J.W. Childs has "deep" retail and customer experience that will help the company expand, said

EbLens CEO Richard Seaman, son of founder Len Seaman.

Four executives from J.W. Childs will join the EbLens board of directors: partners Jeff Teschke and Bill Watts, operating partner Joe Fortunato, and principal Jeff Miller. Executives and representatives of KarpReilly LLC, which had a controlling interest in the company since 2012, will step down from their respective board positions.

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