Add-on Acquisition • Distribution

Nemo Tile + Stone Acquires Tile Market of Delaware

On June 1, 2022, Nemo Tile + Stone acquired distribution company Tile Market of Delaware

Acquisition Context

This is Nemo Tile + Stone’s 1st transaction in the Distribution sector.
This is Nemo Tile + Stone’s 1st transaction in the United States.
This is Nemo Tile + Stone’s 1st transaction in Delaware.

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M&A Deal Summary
Date	June 1, 2022
Target	Tile Market of Delaware
Sector	Distribution
Buyer(s)	Nemo Tile + Stone
Deal Type	Add-on Acquisition

Target Company

Tile Market of Delaware

Wilmington, Delaware, United States

Tile Market of Delaware is a tile and stone distributor to retail and wholesale channels in the greater Delaware market. The Company offers a full suite of premium tile under its own proprietary brands and a full-service, fabricated stone solution to consumers, contractors, and builders. Tile Market of Delaware was founded in 1996 and is based in Wilmington, Delaware.

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Buyer Overview 1

Buyer

Nemo Tile + Stone

New York, New York, United States

Category	Company
Founded	1921
Sector	Building Materials

DESCRIPTION

Nemo Tile + Stone is a distributor of tile, stone, and setting materials utilized in commercial and residential construction applications. The Company designs and markets tile and stone products, primarily under its own brand, to the architecture and design, contractor, and retail channels. Nemo Tile + Stone was founded in 1921 and headquartered in New York City.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Distribution	1 of 1
Type: Add-on Acquisition	1 of 1
State: Delaware	1 of 1
Country: United States	1 of 1
Year: 2022	1 of 1

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