Thursday, 29 December 2016

DPC buys two Texas flooring products providers

Dunes Point Capital has acquired two Texas-based flooring products providers: Floors Inc and Malibu Acceptance Corp. No financial terms were disclosed. DPC will use these acquisitions to form a flooring platform. Alvarez & Marsal Transaction Advisory Group served as financial adviser to DPC while MAB Corporate Advisors did likewise for Floors and Malibu.

PRESS RELEASE

RYE, N.Y., Dec. 23, 2016 /PRNewswire/ — Dunes Point Capital, LLC (“DPC”) has acquired the assets of Floors, Inc. (“Floors”) and Malibu Acceptance Corporation (“Malibu”), which will be combined to create a diversified flooring platform.

Located in Southlake, TX, Floors is a full service designer, installer and retailer of flooring products to home builders and homeowners throughout Texas. Floors was founded in 1983 and operates six retail centers, four design centers and four builder operation centers throughout Texas. For more information, please visit http://www.floorsinc.com.

Located in Richardson, TX, Malibu is a full service designer and installer of flooring products to multifamily builders throughout the country. Founded in 1995, Malibu operates in 13 states.

DPC Investment Partners, LLC provided the equity for the transaction. The debt for the transaction was provided by Cerberus Business Finance, LLC.

Kirkland & Ellis LLP served as legal advisor to DPC, and Alvarez & Marsal Transaction Advisory Group served as financial advisor to DPC. MAB Corporate Advisors served as financial advisor to Floors and Malibu.

About DPC: Founded in 2013, DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial sector. DPC targets companies with enterprise values of up to $500 million. For more information, please visit http://www.dunespointcapital.com.

Read more: https://www.pehub.com/2016/12/dpc-buys-two-texas-flooring-products-providers/#

DPC buys two Texas flooring products providers was originally published to dublin.expertsanding.ie


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