M&A Deal Summary

Floor & Decor Acquires Spartan Surfaces

On May 13, 2021, Floor & Decor acquired building materials company Spartan Surfaces for 90M USD

Acquisition Highlights
  • This is Floor & Decor’s 1st transaction in the Building Materials sector.
  • This is Floor & Decor’s largest (disclosed) transaction.
  • This is Floor & Decor’s 1st transaction in the United States.
  • This is Floor & Decor’s 1st transaction in Maryland.

M&A Deal Summary
Date 2021-05-13
Target Spartan Surfaces
Sector Building Materials
Buyer(s) Floor & Decor
Deal Type Add-on Acquisition
Deal Value 90M USD
Advisor(s) Chesapeake Corporate Advisors (Financial)
Venable LLP (Legal)

Target

Spartan Surfaces

Bel Air, Maryland, United States
website
Spartan Surfaces is a fast-growing commercial specialty hard-surface flooring distribution company that focuses on specifying and selling commercial flooring through the Architect and Design Community, end-users, and commercial flooring contractors. Spartan Surfaces was founded in 2007 and is based in Bel Air, Maryland.

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Buyer(S) 1

Buyer

Floor & Decor

Atlanta, Georgia, United States

website

Category Company
Founded 2000
Sector Building Materials
Employees9,281
Revenue 4.3B USD (2022)
DESCRIPTION

Floor & Decor is a high-growth specialty retailer of hard-surface flooring, operating 140 warehouse stores in 32 states. The stores offer the industry’s broadest in-stock assortment of tile, wood, laminate, vinyl, and natural stone flooring along with decorative and installation accessories and adjacent categories. Floor & Decor was incorporated in 2000 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 1 of 2
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Maryland) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-07 Salesmaster Flooring Solutions

Deer Park, New York, United States

Salesmaster Flooring Solutions is a flooring and installation supplies distributor servicing the Northeastern part of the United States. Salesmaster Flooring Solutions was founded in 1961 and is based in Deer Park, New York.

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