DALLAS, June 2, 2021 /PRNewswire/ — Artisan Design Group (“ADG”), a portfolio firm of The Sterling Group, in the present day introduced the acquisition of Nice Flooring LLC (“Nice Flooring”). Headquartered in Coeur d’Alene, Idaho, Nice Flooring is the most important supplier of flooring merchandise and set up providers within the Northwest.
“The addition of Nice Flooring will set up a brand new presence for ADG in Washington, Idaho, and Montana, considerably rising our scale,” mentioned Larry Barr and Wayne Joseph, Co-CEOs of ADG. “Doug and Jim have constructed a crew of extremely skilled professionals and we’re excited to welcome their founder-led enterprise to the ADG household.”
“Because the most-established participant in residential and business flooring within the Northwest, we’re dedicated to continued development and consider becoming a member of forces with Larry and Wayne will assist solidify ADG’s place because the nationwide chief in our business,” mentioned Doug Chadderdon and Jim McGee, Co-Founders of Nice Flooring.
ADG is a supplier of design, procurement, and set up providers for flooring, cupboards and counter tops, serving homebuilders, multi-family builders and institutional property house owners. Headquartered in Dallas, Texas, ADG operates greater than 120 distribution, design and repair amenities and coordinates set up via over 2,200 personnel throughout 25 states. ADG was shaped in 2016 via the mix of Flooring Inc. and Malibu Flooring. ADG has accomplished ten acquisitions over the previous two years below Sterling’s possession. The corporate has accomplished eighteen complete acquisitions since its founding in 2016. ADG continues to hunt native and regional market leaders so as to add to its household of flooring, cupboards and counter tops specialists.
About The Sterling Group
Based in 1982, The Sterling Group is a non-public fairness and personal credit score funding agency that targets investments in primary manufacturing, distribution, and industrial providers corporations. Typical enterprise values of those corporations at preliminary formation vary from $100 million to $750 million. Sterling has sponsored the buyout of 58 platform corporations and quite a few add-on acquisitions for a complete transaction worth of over $14.0 billion. Sterling at present has over $4.0 billion of property below administration. For additional info, please go to www.sterling-group.com.
Previous efficiency isn’t any assure of future outcomes and all investments are topic to loss.
SOURCE The Sterling Group