M&A Deal Summary

Crossville Studios Acquires Contempo Tile & Stone

On April 12, 2016, Crossville Studios acquired building materials company Contempo Tile & Stone from Chicago Growth Partners

Acquisition Highlights
  • This is Crossville Studios’ 2nd transaction in the Building Materials sector.
  • This is Crossville Studios’ 2nd transaction in the United States.
  • This is Crossville Studios’ 1st transaction in Utah.

M&A Deal Summary

Date 2016-04-12
Target Contempo Tile & Stone
Sector Building Materials
Buyer(s) Crossville Studios
Sellers(s) Chicago Growth Partners
Deal Type Add-on Acquisition

Target

Contempo Tile & Stone

Salt Lake City, Utah, United States
Contempo Tile & Stone is an independent distributor of high-end ceramic and natural stone tile, granite and marble slab and other setting materials. Contempo Tile & Stone was founded in 1978 and is based in Salt Lake City, Utah.

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Buyer(S) 1

Buyer

Crossville Studios

Crossville, Tennessee, United States

Category Company
Sector Building Materials
DESCRIPTION

Crossville Studios is a provider of porcelain tile, natural stone, glass, mosaics, porcelain countertops, and more. Crossville Studios services major metro areas in Alabama, Colorado, Florida, Georgia, North Carolina, Oklahoma. Crossville Studios is based in Crossville, Tennessee.


DEAL STATS #
Overall 2 of 2
Sector: Building Materials M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Utah M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-04 Capco

Denver, Colorado, United States

Capco is a manufacturer of ceramic tile, stone tile, and stone slabs from sources around the globe. Capco was founded in 1977 and is based in Denver, Colorado.

Buy -

Seller(S) 1

SELLER

Chicago Growth Partners

Chicago, Illinois, United States

Category Growth Capital Firm
Founded 2004
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Chicago Growth Partners LLC (CGP) was a Chicago-based based private equity firm that provided expansion and buyout capital to middle-market companies generating sales of $15 to $150 million. CGP sought to invest in business services, consumer services, healthcare products/services, and industrial companies. CGP was formed in 2004 as a spin-off of William Blair Capital Partners, the investment group of investment bank William Blair. In 2014, the Firm ceased operations.


DEAL STATS #
Overall 27 of 34
Sector: Building Materials M&A 1 of 1
Type: Add-on Acquisition M&A Deals 13 of 15
State: Utah M&A 1 of 1
Country: United States M&A 25 of 31
Year: 2016 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-08 Anajet

Costa Mesa, California, United States

Anajet LLC is a designer, innovator and manufacturer of proprietary direct-to-garment digital inkjet printer systems and consumable ink cartridges for the commercial apparel decoration and promotional product industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-20 CellCarta

Montreal, Quebec, Canada

CellCarta is a provider of specialized precision medicine laboratory services to the biopharmaceutical industry. Leveraging its integrated analytical platforms in immunology, histopathology, proteomics and genomics, as well as related specimen collection and logistics services, CellCarta supports the entire drug development cycle, from discovery to late-stage clinical trials. CellCarta was founded in 2000 and is based in Montreal, Quebec.

Sell -