Platinum Equity Acquires Flooring Distributor Paramount Worldwide Surfaces

iwano@_84

PGS acquisition to leverage expense firm’s expertise in creating products and solutions sector Transaction highlights continued momentum of Platinum Equity’s Small Cap group LOS ANGELES, July 7, 2021 /PRNewswire/ — Platinum Equity introduced right now the acquisition of Paramount Global Surfaces (PGS) from Linsalata Capital Companions. Money conditions of the […]

PGS acquisition to leverage expense firm’s expertise in creating products and solutions sector

Transaction highlights continued momentum of Platinum Equity’s Small Cap group

LOS ANGELES, July 7, 2021 /PRNewswire/ — Platinum Equity introduced right now the acquisition of Paramount Global Surfaces (PGS) from Linsalata Capital Companions. Money conditions of the transaction ended up not disclosed.

Platinum Fairness introduced today the acquisition of Paramount World Surfaces.

PGS is a leading developer, importer and distributor of high quality, proprietary porcelain tile and other hard surface area floor coverings employed principally in rework and replacement solutions by both equally household and industrial finish users.

Headquartered in Miami, PGS goes to industry through two distinctive ground masking manufacturers: Satisfied Floors, which serves a various foundation of additional than 6,000 unbiased supplier buyers throughout the United States and Ceramic Technics, which serves roughly 1,800 architecture and style and design corporations, and 4,000 contractors/installers and corporate consumers throughout various professional and multi-relatives conclusion-user segments.

PGS serves some of the speediest developing segments of the flooring masking industry as buyer choices continue to change in direction of tile and luxury vinyl tile merchandise. Greater macro trends are also getting a positive influence on the company.

“PGS serves a significant hyperlink in the price chain connecting large-high-quality tile brands with countless numbers of end clients in the US household and industrial marketplaces,” mentioned Platinum Equity Spouse Jacob Kotzubei. “Covid and demographic trends are also driving a shift in client life style that is stimulating increased new household development and renovation activity, and we anticipate the affect of these tailwinds will be felt for yrs to appear.”

Platinum Fairness just lately obtained Cabinetworks, the premier independently owned producer and distributor of kitchen area and tub cabinets in the United States. Other providers the organization formerly invested in consist of: Inside Logic Group, the most significant nationwide provider of interior style and complete alternatives for the homebuilding industry PrimeSource, a national distributor of specialty developing products including fasteners serving the new-development and transforming markets and Nilco, a wholesale distributor of specialty creating supplies and industrial goods.

“We have a large amount of experience investing in creating products and solutions firms and know the sector well,” included Mr. Kotzubei. “We will set our M&A and operational sources to function in pursuit of new avenues to diversify PGS by solution sort, geography, channel and customer section. The organization operates in a very fragmented current market with substantial alternatives to develop, and PGS is an fantastic system for additional complementary and transformative acquisitions.”

O’Melveny & Myers and Alston & Hen served as Platinum Equity’s authorized counsel on the transaction. Robert W. Baird & Co. served as financial advisor to Platinum Fairness on the transaction.

The Blackstone Group presented financing for the transaction.

Moelis & Business LLC served as exceptional fiscal advisor and Calfee, Halter & Griswold offered lawful counsel to PGS.

About Platinum Fairness
Founded in 1995 by Tom Gores, Platinum Equity is a worldwide investment company with more than $25 billion of belongings beneath management and a portfolio of close to 40 functioning companies that serve customers all over the globe. The agency is at present investing from Platinum Fairness Capital Associates V, a $10 billion worldwide buyout fund, and Platinum Equity Little Cap Fund, a $1.5 billion buyout fund targeted on investment possibilities in the decrease middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked method it calls M&A&O® – attaining and operating corporations in a broad variety of small business marketplaces, like producing, distribution, transportation and logistics, machines rental, metals companies, media and amusement, technological innovation, telecommunications and other industries. Over the previous 25 yrs Platinum Fairness has completed more than 300 acquisitions.

Contacts:

Dan Whelan, Platinum Equity
(310) 282-9202
dwhelan@platinumequity.com

Platinum Equity Logo (PRNewsfoto/Platinum Equity)

Platinum Equity Brand (PRNewsfoto/Platinum Fairness)

Cision

Cision

Check out primary content to down load multimedia:https://www.prnewswire.com/information-releases/platinum-equity-acquires-flooring-distributor-paramount-world-surfaces-301327408.html

Supply Platinum Fairness

Next Post

How To Beautify Your Bedroom Wall? Dwelling Decor Recommendations To Simply Change Your Partitions

Table of Contents1 Swirlster Picks Wall Decor For You2 Best Methods To Adorn Your Bedroom Partitions2.1 1. Use The Wall House For Shelves In Stages2.2 2. Make It A Classic Wall2.3 3. Include A Breathtaking Mirror On The Wall2.4 4. Include A Pop Of Color To The Walls2.5 5. Opt […]

Subscribe US Now