Add-on Acquisition • Building Materials

E.J. Welch Co. Acquires Gilford•Johnson Flooring

On October 20, 2020, E.J. Welch Co. acquired building materials company Gilford•Johnson Flooring from Blue Equity

Acquisition Context
  • This is E.J. Welch Co.’s 1st transaction in the Building Materials sector.
  • This is E.J. Welch Co.’s 1st transaction in the United States.
  • This is E.J. Welch Co.’s 1st transaction in Indiana.

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M&A Deal Summary

Date October 20, 2020
Target Gilford•Johnson Flooring
Sector Building Materials
Buyer(s) E.J. Welch Co.
Sellers(s) Blue Equity
Deal Type Add-on Acquisition

Target Company

Gilford•Johnson Flooring

Jeffersonville, Indiana, United States
Gilford•Johnson Flooring is a provider of flooring and high-quality service to its customers in Alabama, Florida, Georgia, Indiana, Kentucky, Ohio, and Tennessee, as well as parts of North Carolina, South Carolina, and Virginia. Partnered with the leading brands of hardwood, laminate, ceramic, and resilient flooring, Gilford●Johnson Flooring offers a full range of flooring options. Its product lines include Diamond Living hardwood and LVT, Earthwerks, Engineered Floors, Raskin LVT, FLEXCO, FloorMuffler, Inhaus, Tarkett’s full product line including Johnsonite, IVC, PanTim, Somerset Hardwood, plus a complete suite of flooring accessories and sundries.
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Buyer Overview 1

Buyer

E.J. Welch Co.

Earth City, Maryland, United States

Category Company
Founded 1962
Sector Distribution
DESCRIPTION

E.J. Welch Co. is a value-added wholesale distributor of flooring and installation products. The company has a long and proud history of serving the flooring trade. It's solutions evolved to go above and beyond just the proper recommendation, specification, and sale of beautiful, high-performance floors. E.J. Welch was formed in 1962 and is based in Earth City, Maryland.


Deal Context for Buyer #
Overall 1 of 1
Sector: Building Materials 1 of 1
Type: Add-on Acquisition 1 of 1
State: Indiana 1 of 1
Country: United States 1 of 1
Year: 2020 1 of 1

Seller Profile 1

SELLER

Blue Equity

Louisville, Kentucky, United States

Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Blue Equity is a Southern-US based private equity firm focused on a variety of business transactions as well as real estate investments. The Firm will consider opportunities across all company stages, from startups to recapitalizations. Blue Equity typically looks for situations with experienced management, and depending on the situation, can be minimal or more active investor. Blue Equity was formed in 2004 and is based in Louisville, Kentucky and also has office in Miami, Florida.


Deal Context for Seller #
Overall 13 of 18
Sector: Building Materials 1 of 1
Type: Add-on Acquisition 9 of 14
State: Indiana 1 of 1
Country: United States 11 of 15
Year: 2020 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-10 Graphic West International ApS

Tyler, Texas, United States

Graphic West International ApS is a manufacturer and supplier of folding carton packaging, and rigid set up boxes. Graphic West specializes in solving common problems for packaging clients. Some of those common problems are: Excessive inventory purchases to achieve a palatable per piece price, price disparity for small runs, minimum ordering levels, GMP critical inspection, compliance issues as it pertains to carton serialization or lot/batch/expiry for small quantity, among others. Graphic West International is based in Tyler, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Gopuff

Philadelphia, Pennsylvania, United States

Gopuff is a developer of go-to platform fulfilling customer orders of cleaning and home products to over-the-counter medications to food and drinks. Gopuff was founded in 2013 and is based in Philadelphia, Pennsylvania.

Buy -