M&A Deal Summary

31st Street Capital Acquires Floor Source

On January 1, 2019, family office 31st Street Capital acquired retailer Floor Source

Acquisition Highlights
  • This is 31st Street Capital’s 1st transaction in the Retail sector.
  • This is 31st Street Capital’s 1st transaction in the United States.
  • This is 31st Street Capital’s 1st transaction in Arizona.

M&A Deal Summary

Date 2019-01-01
Target Floor Source
Sector Retail
Buyer(s) 31st Street Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Floor Source

Phoenix, Arizona, United States
Floor Source is a family-owned and operated flooring company with three showroom locations. Floor Source was founded in 2009 and is based in Phoenix, Arizona.

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Buyer(S) 1

DESCRIPTION

31st Street Capital is a family-backed investment firm focused on acquiring lower middle-market companies. The Firm targets profitable businesses throughout the US with $15 to $50 million in revenue and valued between $2 and $10 million. 31st Street is a generalist investor however the firm will not invest in hospitality, franchises, restaurants, or businesses with high customer concentration. 31st Street Capital was formed in 2018 and is headquartered in Lincoln, Nebraska.


DEAL STATS #
Overall 1 of 5
Sector: Retail M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 5
State: Arizona M&A 1 of 1
Country: United States M&A 1 of 5
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Flooring Expo

Blaine, Minnesota, United States

Flooring Expo is a flooring company with 11 showroom locations and two Trade Direct Showrooms. Flooring Expo was formed in 1946 and is headquartered in Blaine, Minnesota.

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