Blackford Capital acquires third patio platform in 12 months

Outdoor patio furniture from Patio Productions.

Photo By LTD Online Stores

GRAND RAPIDS, Mich.— Blackford Capital, a lower middle market private equity firm, acquired LTD Online Stores, Inc., a patio furniture e-commerce business and wholesale distributor that markets and sells middle-to-high-end furniture through wholesale/drop-shipping, a direct-to-consumer website and a retail storefront located in San Diego.

LTD is the third addition to Blackford’s Patio Portfolio in the past year and joins Artificial Turf Supply (ATS and Starfire Direct as the platform evolves to become a one-stop shop for all outdoor living needs within the backyard consumer segment, the company says.

Expanding our Patio offerings to include high-end patio furniture has been a critical target since the platform’s inception in 2022,” said Paul Doyle, managing director at Blackford Capital and chairman of the Patio Portfolio. “LTD has maintained an impressive growth trajectory before, during and beyond COVID due, in large part, to their high-quality furniture, sales channels and diverse customer base. We’re excited to welcome LTD to the Patio Platform and look forward to expanding our highly diversified product mix across a proven omni-channel distribution network.”

LTD President of Wholesale & Retail Ben Harvey and LTD Online President Todd Harmon, both influential in launching LTD as a small e-commerce website and marketer of home furniture, will both maintain their roles following the acquisition. In 2008, LTD began designing, manufacturing, and selling its own products, before opening a retail showroom in 2017.

“For the past 15 years, we have built LTD and our brands Patio Productions and Harmonia Living, into all-inclusive, one stop furniture shopping destination, with a goal of providing our customers with only the finest outdoor furniture the web has to offer,” said LTD’s Harmon. “Teaming up with a like-minded partner like Blackford Capital, with its performance history and strong leadership team, not only expands LTD’s reach and product offerings but furthers our dream of being a leader in this space.” 

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Larry Adams | Editor

Larry Adams is a Chicago-based writer and editor who writes about how things get done. A former wire service and community newspaper reporter, Larry is an award-winning writer with more than three decades of experience. In addition to writing about woodworking, he has covered science, metrology, metalworking, industrial design, quality control, imaging, Swiss and micromanufacturing . He was previously a Tabbie Award winner for his coverage of nano-based coatings technology for the automotive industry. Larry volunteers for the historic preservation group, the Kalo Foundation/Ianelli Studios, and the science-based group, Chicago Council on Science and Technology (C2ST).