Succession Capital has acquired Floor Solutions, a commercial flooring distributor and installer.
“Floor Solutions finds a strong competitive advantage in its people and reputation. Its reputation allows Floor Solutions to work closely with the design community. In addition, it is able to retain the best subcontractors because it is well known for fair treatment and timely payments,” said Brad Nathan, President of Succession Capital. “We are thrilled to have acquired this company and look forward to its continued success.”
Floor Solutions is a wholesale distributor, installer and maintenance provider of commercial flooring in both Oregon and Washington. Customers include architects, designers and general contractors working on commercial flooring projects for government buildings, hospitals, universities, airports and senior care facilities. Floor Solutions purchases material directly from manufacturers based on customer specifications and manages the installation process, outsourcing the labor to subcontractors. In addition, the company provides post installation maintenance services. Floor Solutions was founded in 1995 and is based in Portland (www.floorsol.com).
Succession Capital, a subsidiary of Lynx Equity Limited, seeks to acquire small to medium-sized businesses from owners looking to retire. Succession targets transactions requiring between $2 million and $8 million of equity. The firm is based in La Jolla, CA (www.succession-capital.com). Floor Solutions is Succession Capital’s and Lynx’s 10th combined acquisition in 2014.
© 2014 PEPD • Private Equity’s Leading News Magazine • 4-21-14
