MOUNTVILLE, Pa., Nov. 10, 2021 /PRNewswire/ — Paceline Fairness Companions, LLC nowadays announced that an affiliate has entered into a definitive agreement to acquire AHF Products from American Industrial Companions.
AHF Merchandise is the major U.S. wooden flooring maker as well as a key player in vinyl plank flooring, laminate and business flooring products and sells below the nation’s leading brand names, such as Bruce, Hartco, LM Flooring, Robbins, Hearthwood and Parterre. The company makes both stable and engineered wood flooring in 8 plants and serves buyers by means of 3 distribution destinations and a multi-channel tactic that involves sellers, residence facilities and distributors all around the earth.
Sam Loughlin, CEO of Paceline, mentioned, “AHF Goods, with its tested keep track of file for advancement, has constructed a detailed portfolio of reliable flooring models and represents an eye-catching option to proceed to renovate the marketplace. Leveraging our making products encounter and a solid workforce at AHF, we anticipate to make substantial development by way of natural and organic possibilities and M&A.”
Brian Carson, CEO of AHF Goods reported, “AHF Solutions has experienced extraordinary expansion since inception and we are thrilled to companion with Paceline with a shared vision of how we will get the organization to the future level. Our tremendous momentum to date is a credit rating to our valued prospects, suppliers, and employees. We will go on to generate worth for our shoppers through new products, brands, and innovation.”
Rick Hoffman, a Partner at American Industrial Partners said, “We have drastically relished the partnership with AHF Merchandise, its best-in-course administration group, and its focused worldwide workforce. Considering that formation in 2019, AHF Products has knowledgeable remarkable progress and is very well positioned to proceed its trajectory as a result of ongoing innovation and wonderful buyer services.”
The transaction is subject to customary closing conditions and is expected to near in the to start with quarter of 2022. King & Spalding is serving as lawful advisor to Paceline Equity Partners.
BofA Securities served as economic advisor to AHF Merchandise. Ropes & Gray LLP is serving as legal advisor to American Industrial Associates.
For a lot more information and facts, take a look at www.AHFProducts.com.
About Paceline Fairness Associates
Paceline is a Dallas-dependent private fairness manager targeted on worth-oriented, opportunistic, and particular cases investments throughout non-public equity, corporate credit rating, and actual assets. Paceline’s senior management group customers typical 24 years of experienced experience. Prior to the development of Paceline, the senior management staff worked together for somewhere around 10 yrs at a global private fairness supervisor and its affiliates. To master additional, be sure to visit www.pacelineequity.com.
About AHF Products
AHF Merchandise is the chief in hardwood and vinyl flooring with a relatives of powerful makes serving the residential and business marketplaces. With decades of working experience in award-successful wood flooring style and design, innovation, solution development, producing, and service, we increase the high-quality of people’s life by means of great products and a deep determination to fantastic client service. Our flooring manufacturers incorporate Bruce®, Hartco®, LM Flooring ®, Robbins®, Capella®, HomerWood®, tmbr™, Hearthwood and Parterre. Headquartered in Mountville, Pennsylvania with producing functions across the United States and in Cambodia, AHF Products and solutions employs above 2,400 devoted staff customers. www.AHFProducts.com
All marks are owned by AHF, LLC, its affiliates, or subsidiaries. All rights reserved.
About American Industrial Associates
American Industrial Partners is an operationally oriented private fairness agency that will make control investments in industrial companies serving domestic and world-wide marketplaces. The agency has deep roots in the industrial economic climate and has been energetic in personal equity investing considering that 1989. To day, American Industrial Partners has finished much more than 100 transactions and at this time has above $7 billion of assets beneath administration on behalf of top pension, endowment, and economic establishments. For more information on American Industrial Partners, visit www.americanindustrial.com.
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Source American Industrial Companions