IRVINE, CA November 1, 2018 – Interior Logic Group, Inc. (“ILG”) announced today the acquisition of Coleman Floor Company (“Coleman”), a design center services and flooring installation business, from BMC Stock Holdings, Inc. (NASDAQ:BMCH) effective November 1st. The acquisition increases ILG’s scale in the Mid-Atlantic and the Carolinas and demonstrates ILG’s investment of time, energy and resources to serve the homebuilder community in the region. Financial terms were not disclosed.
Coleman offers flooring product and installation services to homebuilder customers, primarily in the residential building industry. The company operates out of nine facilities across four states including Virginia, Maryland, North Carolina, South Carolina and the District of Columbia. In addition, Coleman operates design centers and installs product selections into single-family and multi-family residential buildings.
“Coleman’s market reputation, human capital and strong customer relationships in these markets makes this acquisition a valuable addition to the ILG platform,” said ILG President and CEO Alan Davenport. “The added scale in these markets will allow us to dedicate even additional resources and attention to serving the homebuilder community.”
Mark Fikse, ILG’s EVP of Strategy and Business Development said, “We are excited to add the Coleman team to our business in the Mid-Atlantic and Carolinas region. We plan to integrate Coleman’s teams and operations with ILG’s operations in these geographies. This is also our third acquisition in 2018 and 17th since 2013. Consolidating our industry through acquisitions such as Coleman is a key component of our growth strategy.”
ILG is jointly owned by Littlejohn & Co., LLC and Platinum Equity.
About Interior Logic Group, Inc.:
Interior Logic Group, Inc., is the nation’s leading provider of turn-key design center management and installation services operating in over 220 locations across the United States. ILG provides services and interior finish solutions to single family residential homebuilders, apartment owner/operators, and fulfillment partners and is the leading full-service provider of outsourced homebuilder-branded design centers. The Company has long-standing, entrenched customer relationships and its customer base includes a diverse mix of national and regional customers. Primary products handled on a turn-key basis include flooring, cabinets, countertops, window treatments and builder construction options. For more information about Interior Logic Group visit www.interiorlogicgroup.com or email [email protected].
About Littlejohn & Co.:
Littlejohn & Co., LLC is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments primarily in middle market companies. With over $7 billion under management, the Firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. For more information about Littlejohn, visit www.littlejohnllc.com.
About Platinum Equity:
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately USD 13 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a USD 6.5 billion global buyout fund, and Platinum Equity Small Cap Fund, a USD 1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the last 23 years, Platinum Equity has completed more than 200 acquisitions.
For Platinum Equity:
For Littlejohn & Co.:
Jonathan Gasthalter / Nathaniel Garnick
Gasthalter & Co.