M&A Deal Summary

ALJ Regional Holdings Acquires Carpets N More

On April 16, 2014, ALJ Regional Holdings acquired building materials company Carpets N More from Levine Leichtman Capital Partners

Acquisition Highlights
  • This is ALJ Regional Holdings’ 1st transaction in the Building Materials sector.
  • This is ALJ Regional Holdings’ 2nd transaction in the United States.
  • This is ALJ Regional Holdings’ 1st transaction in Nevada.

M&A Deal Summary

Date 2014-04-16
Target Carpets N More
Sector Building Materials
Buyer(s) ALJ Regional Holdings
Sellers(s) Levine Leichtman Capital Partners
Deal Type Add-on Acquisition

Target

Carpets N More

Henderson, Nevada, United States
Floors N More LLC is a provider of high-quality flooring products and flooring installation services to the home builder and consumer markets in Southern Nevada. The Company sells and installs carpet, vinyl, tile, natural stone and other floor covering and home furnishings to home builders, such as KB Home, for their Southern Nevada development projects, as well as to individual consumers at its three retail locations in the Las Vegas Valley.

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Buyer(S) 1

Buyer

ALJ Regional Holdings

New York, New York, United States

Category Company
Founded 1995
Sector Business Services
Employees3,202
Revenue 149M USD (2014)
DESCRIPTION

ALJ Regional Holdings, Inc. is a provider of business process outsourcing and co-sourced services to both commercial and government entities in the healthcare, utility, toll and transportation industries.


DEAL STATS #
Overall 2 of 5
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Nevada) 1 of 1
Country (United States) 2 of 5
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-22 Faneuil

Hampton, Virginia, United States

Faneuil is a service company providing integrated customer management solutions for public and private sector organizations. Faneuil specializes in contact center solutions, back office operations, violations processing, revenue collection services, and fulfillment services. Faneuil is based in Hampton, Virginia.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-12 Phoenix Color

Hagerstown, Maryland, United States

Phoenix Color is a full-service, full-color printer of cover components, heavily-illustrated and juvenile books, as well as specialty commercial products such as collectible cards, posters, box wraps, game boards, folders, catalogs, and brochures. With its technologically advanced prepress and press operations, a knowledgeable customer service team, and dependable freight services, the company is committed to delivering high-quality products to customers. Phoenix Color was formed in 1979 and is based in Hagerstown, Maryland.

Buy $90M

Seller(S) 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.


DEAL STATS #
Overall 16 of 57
Sector (Building Materials) 2 of 2
Type (Add-on Acquisition) 5 of 16
State (Nevada) 2 of 3
Country (United States) 16 of 51
Year (2014) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-08 Luminator

Plano, Texas, United States

Luminator is a provider of advanced information systems and LED displays and lighting products for a wide range of applications in metropolitan and commercial transportation systems, including systems for the rail, bus, and aerospace industries. Luminator was founded in 1928 and is based in Plano, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-09 Smith System

Arlington, Texas, United States

Smith System is a provider of accident avoidance driver training for vehicle fleets. Smith’s customers, many of whom are Fortune 500 companies, represent diverse end markets from logistics to pharmaceuticals. Smith System was formed in 1952 and is based in Arlington, Texas.

Buy -