M&A Deal Summary

Rainier Partners Acquires SCI Floor Covering

On July 11, 2023, private equity firm Rainier Partners acquired distribution company SCI Floor Covering from Consolidated Flooring

Acquisition Highlights
  • This is Rainier Partners’ 2nd transaction in the Distribution sector.
  • This is Rainier Partners’ 5th transaction in the United States.
  • This is Rainier Partners’ 2nd transaction in Michigan.

M&A Deal Summary
Date 2023-07-11
Target SCI Floor Covering
Sector Distribution
Buyer(s) Rainier Partners
Sellers(s) Consolidated Flooring
Deal Type Divestiture

Target

SCI Floor Covering

Romulus, Michigan, United States
SCI Floor Covering is a distributor and installer of floor covering products for the repair, maintenance, and restoration of commercial, healthcare, multi-family and insured residential properties in Michigan. SCI Floor Covering was founded in 1980 and is based in Romulus, Michigan.

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Buyer(S) 1

Buyer

Rainier Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2020
PE ASSETS 375M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rainier Partners is a private equity firm focused on acquiring and investing in lower middle-market service-based companies. Areas of interest include business services, education, marketing, information services, financial services, consumer services, healthcare services, testing, industrial services, and engineering. Rainier Partners will consider businesses throughout North America with a preference for companies in the Western US and Canada. Prospective transaction situations include buyouts, divestitures, and turnarounds. Rainier Partners was formed in 2020 and is based in Seattle, Washington.

DEAL STATS #
Overall 5 of 5
Sector (Distribution) 2 of 2
Type (Divestiture) 1 of 1
State (Michigan) 2 of 2
Country (United States) 5 of 5
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-10 Consolidated Flooring

Romulus, Michigan, United States

Consolidated Flooring distributor and installer of floor covering products for the repair, maintenance and restoration of commercial, healthcare, multi-family and insured residential properties in Michigan. Consolidated Flooring is based in Romulus, Michigan.

Buy -

Seller(S) 1

SELLER

Consolidated Flooring

Romulus, Michigan, United States
Category Company
Sector Distribution
DESCRIPTION

Consolidated Flooring distributor and installer of floor covering products for the repair, maintenance and restoration of commercial, healthcare, multi-family and insured residential properties in Michigan. Consolidated Flooring is based in Romulus, Michigan.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-08 MC Flooring

Mission, Kansas, United States

MC Flooring LLC is a distributor and installer of floor covering products for multi-family residential properties in Kansas and Western Missouri. MC Flooring was founded in 1991 and is based in Mission, Kansas.

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