Placerville, CA – Sierra Home Alternatives, El Dorado County’s premier fireplace and stove retail and service company since 1997, has been sold to Teamshares, it was announced today.
Sierra Home Alternatives (“SHA”) is a regional reseller, service, and repair business for some of the most recognized fireplace and stove brands in the hearth industry. Founded by Casey Kish and his sister, Parrish Stanton, the brother and sister team have built a thriving business serving El Dorado County residents.
The sale to venture capital-backed Teamshares will allow the owners to still retain a minority stake in the business while offering employees the opportunity to earn stock in the new company. Terms of the transaction were not disclosed.
“We are so glad that our employees, who have made Sierra Home Alternatives a trusted resource for hearth products in El Dorado County, will now have the opportunity carry on the legacy,” said Ms. Stanton. “The Teamshares acquisition model has made this transition possible, giving us a clear path to retirement while providing the Company, through employee ownership the opportunity to experience continued growth and success.”
Teamshares is a venture capital-backed platform that acquires small businesses from owners nearing retirement age and assists them with transitioning the business to employee ownership. All employees of Sierra Home Alternatives will be retained under the new ownership structure and build stock ownership in the company over time. In doing so, Sierra Home Alternatives will continue to be independent, keeping the brand’s legacy and work culture intact.
“Casey and Parrish have built a wonderful business with the help of their employees, said Alex Eu, co-founder of Teamshares. “We are proud to be partners and stewards of the Company as it becomes majority employee-owned over the next decade.”
Gold Country Advisors, a merger-and-acquisition firm in Folsom, CA, represented Parrish Stanton and Casey Kish in the transaction. For more information, contact Jeffrey Potts, principal of Gold Country Advisors, at 916-673-9778.