Following its acquisition of Child Craft this fall, Transom Capital is seeking additional add-ons for its Halo Dream baby products platform.
The Deal
By Kylie Kirschner
23 December 2025
Transom Capital Group LLC is gearing up for the next phase of acquisitions at its Halo Dream Inc. baby sleep platform, using the recent purchase of nursery furniture brand Child Craft as a strategic step toward a broader consolidation push across the nursery.
The firm is flexible on deal size, willing to pursue both smaller tuck-ins and more scaled assets — Transom is open to adding on companies with $5 million to $100 million in revenue — provided the strategic fit is clear and the product offering is differentiated.
Senior vice president Rob Papetti said Transom has not set a timeline for an eventual exit from Halo and remains focused on continuing to scale the platform organically and through acquisitions.
“The Halo investment for us has been more successful than we initially expected it to be through some of those organic initiatives, and now we feel like we’re in a position to continue to scale beyond what we initially underwrote,” Papetti said.
Transom acquired Halo in June 2023 as part of its purchase of Aden & Anais Inc. and has since completed three add-on deals including BreathableBaby LLC, Baby Merlin and most recently Child Craft, at a pace that senior vice president Rob Papetti said is unlikely to slow.
The acquisition of Child Craft has filled a standing gap in Halo’s portfolio in cribs and nursery furniture; a gap that Papetti said the firm had debated whether to fill through acquisition or through organic development.
“One key reason this deal was so important to us is it puts us in front of our core consumer much earlier in the parenting journey,” Papetti said, noting that the crib category allows Halo to reach parents months before they might typically encounter Halo’s products through hospital bassinets and swaddles.
Looking ahead, Transom is focused on identifying additional categories that naturally fit into the Halo ecosystem and appear in most nurseries.
“The place we’d love to be able to scale in terms of acquisition would be mattresses, sound machines and monitors,” Papetti said.
The firm invested in Halo through its third fund, a $300 million investment vehicle, and is currently investing via its fourth fund, a $675 million pool that began investing in 2023. Transom typically invests in companies with up to $75 million of Ebitda and $1 billion of revenue.
