MOUNTVILLE, Pa., Nov. 10, 2021 /PRNewswire/ — Paceline Fairness Associates, LLC right now announced that an affiliate has entered into a definitive agreement to obtain AHF Items from American Industrial Companions.
AHF Products and solutions is the most significant U.S. wood flooring producer as perfectly as a essential participant in vinyl plank flooring, laminate and business flooring products and sells beneath the nation’s leading brand names, such as Bruce, Hartco, LM Flooring, Robbins, Hearthwood and Parterre. The firm generates equally sound and engineered wooden flooring in 8 crops and serves prospects as a result of 3 distribution areas and a multi-channel technique that consists of dealers, property facilities and distributors all-around the planet.
Sam Loughlin, CEO of Paceline, reported, “AHF Products and solutions, with its tested track file for growth, has constructed a in depth portfolio of trusted flooring brand names and signifies an appealing prospect to go on to remodel the market. Leveraging our creating products working experience and a strong crew at AHF, we be expecting to create significant growth by means of natural and organic opportunities and M&A.”
Brian Carson, CEO of AHF Items mentioned, “AHF Merchandise has seasoned outstanding growth considering that inception and we are thrilled to spouse with Paceline with a shared vision of how we will take the business to the subsequent degree. Our large momentum to date is a credit rating to our valued buyers, suppliers, and personnel. We will proceed to push price for our clients as a result of new items, manufacturers, and innovation.”
Rick Hoffman, a Spouse at American Industrial Partners stated, “We have greatly enjoyed the partnership with AHF Goods, its greatest-in-class administration team, and its devoted world-wide workforce. Considering the fact that development in 2019, AHF Solutions has skilled exceptional growth and is perfectly positioned to carry on its trajectory by way of continued innovation and fantastic buyer service.”
The transaction is subject matter to customary closing disorders and is predicted to shut in the to start with quarter of 2022. King & Spalding is serving as legal advisor to Paceline Fairness Companions.
BofA Securities served as financial advisor to AHF Items. Ropes & Grey LLP is serving as lawful advisor to American Industrial Partners.
For far more data, stop by www.AHFProducts.com.
About Paceline Fairness Companions
Paceline is a Dallas-centered personal fairness manager centered on price-oriented, opportunistic, and specific situations investments throughout private equity, company credit score, and authentic property. Paceline’s senior management group users normal 24 yrs of expert encounter. Prior to the development of Paceline, the senior leadership team worked alongside one another for about 10 years at a international personal fairness manager and its affiliate marketers. To discover more, please visit www.pacelineequity.com.
About AHF Products and solutions
AHF Products and solutions is the chief in hardwood and vinyl flooring with a family of solid brands serving the residential and industrial marketplaces. With many years of knowledge in award-profitable wood flooring structure, innovation, products progress, producing, and company, we increase the high quality of people’s lives by means of wonderful items and a deep commitment to outstanding customer assistance. Our flooring models involve Bruce®, Hartco®, LM Flooring ®, Robbins®, Capella®, HomerWood®, tmbr™, Hearthwood and Parterre. Headquartered in Mountville, Pennsylvania with producing functions across the United States and in Cambodia, AHF Products and solutions employs more than 2,400 focused team customers. www.AHFProducts.com
All marks are owned by AHF, LLC, its affiliate marketers, or subsidiaries. All rights reserved.
About American Industrial Partners
American Industrial Associates is an operationally oriented private equity organization that makes control investments in industrial companies serving domestic and global marketplaces. The business has deep roots in the industrial financial state and has been energetic in private equity investing considering the fact that 1989. To day, American Industrial Companions has finished much more than 100 transactions and currently has above $7 billion of belongings less than management on behalf of foremost pension, endowment, and economical institutions. For more information on American Industrial Companions, visit www.americanindustrial.com.
Media Get in touch with: Michele Zelman, 718-859-6766, [email protected]
Source American Industrial Associates