Stake Purchase • Building Materials

The Blackstone Group Invests In Tandus Centiva

On December 1, 1988, private equity firm The Blackstone Group invested in building materials company Tandus Centiva

Investment Context
  • This is The Blackstone Group’s 1st transaction in the Building Materials sector.
  • This is The Blackstone Group’s 2nd transaction in the United States.
  • This is The Blackstone Group’s 1st transaction in Georgia.
Investment Fate
  • Tandus Centiva was sold to a consortium of financial buyers in 2001.
  • Tandus Centiva was sold to a strategic buyer in 2012.

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Investment Summary

Date December 1, 1988
Target Tandus Centiva
Sector Building Materials
Investor(s) The Blackstone Group
Deal Type Stake Purchase

Target Company

Tandus Centiva

Dalton, Georgia, United States
Tandus Centiva, Inc. is a manufacturer of floorcovering solutions for the commercial and institutional markets.
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Investor Overview 1

Investor

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


Deal Context for Investor #
Overall 2 of 365
Sector: Building Materials 1 of 4
Type: Stake Purchase 2 of 50
State: Georgia 1 of 9
Country: United States 2 of 231
Year: 1988 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1988-12-01 Transtar

United States

Transtar operated rail and barge systems that served the transportation needs of U.S. Steel's steel facilities.

Buy $640M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1989-06-01 Edgcomb Metals

United States

At acquisition, Edgcomb Corporation was a distributor and processor of metals.

Buy $330M