M&A Deal Summary

Saw Mill Capital Acquires Nemo Tile + Stone

On March 17, 2021, private equity firm Saw Mill Capital acquired building materials company Nemo Tile + Stone

Acquisition Highlights
  • This is Saw Mill Capital’s 3rd transaction in the Building Materials sector.
  • This is Saw Mill Capital’s 21st transaction in the United States.
  • This is Saw Mill Capital’s 2nd transaction in New York.

M&A Deal Summary
Date 2021-03-17
Target Nemo Tile + Stone
Sector Building Materials
Buyer(s) Saw Mill Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Nemo Tile + Stone

New York, New York, United States
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.

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Buyer(S) 1

Buyer

Saw Mill Capital

Briarcliff Manor, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 610M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Saw Mill Capital is a private equity firm focused on middle-market company acquisitions valued up to $200 million. Saw Mill prefers businesses with defensible market positions, solid growth prospects, and historical cash-flow. Sectors of interest include manufacturing, specialty distribution, and service. Saw Mill looks to commit between $15 and $75 million per transaction in companies with at least $3 million of EBITDA. Saw Mill will not invest in retail, healthcare services, media/telecom, information technology, financial services, personnel based services, apparel or businesses driven by fad or fashion. Saw Mill Capital was formed in 1997 and is based in Briarcliff Manor, New York.

DEAL STATS #
Overall 22 of 26
Sector (Building Materials) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 7 of 9
State (New York) 2 of 2
Country (United States) 21 of 25
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 RND Automation

Lakewood Ranch, Florida, United States

RND Automation designs, engineers and integrates automation solutions for packaging and assembly applications in the medical device, life sciences, and consumer products sectors, among others. Core offerings include platform-agnostic robotics and vision systems integration and custom and standard packaging and assembly automation equipment. RND Automation was founded in 2005 and is based in Lakewood Ranch, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-10 Versatrim

Henderson, North Carolina, United States

Versatrim is a manufacturer of essential floor moldings and trim for residential remodel and renovation applications. The company offers an unparalleled portfolio of flooring accessories coordinated with a wide variety of flooring brands and sells to a national customer base. Versatrim was formed in 1998 and is based in Henderson, North Carolina.

Buy -
Mergr

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