M&A Deal Summary

Tarkett Acquires Lexmark Carpet Mills

On August 27, 2018, Tarkett acquired manufacturer Lexmark Carpet Mills from H.I.G. Private Equity

Acquisition Highlights
  • This is Tarkett’s 1st transaction in the Manufacturing sector.
  • This is Tarkett’s 2nd transaction in the United States.
  • This is Tarkett’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2018-08-27
Target Lexmark Carpet Mills
Sector Manufacturing
Buyer(s) Tarkett
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition

Target

Lexmark Carpet Mills

Dalton, Georgia, United States
Lexmark Carpet Mills is a producer of broadloom carpet for hospitality, residential and niche commercial applications. The Company’s vertically-integrated manufacturing capabilities, state-of-the-art equipment and unsurpassed customer service distinguish Lexmark as a leading specialty mill that is capable of producing quality custom, highly-styled nylon and polyester carpet with industry leading turnaround times.

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Buyer(S) 1

Buyer

Tarkett

Paris, France
Category Company
Founded 1886
Sector Building Materials
Employees12,384
Revenue 3.4B EUR (2023)
DESCRIPTION

Tarkett is a manufacturer of resilient and hardwood flooring. Tarkett was founded in 1886 and is based in Paris, France.

DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Georgia) 2 of 2
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-02 Desso Group BV

Waalwijk, Netherlands

Desso Group BV is a highly innovative manufacturer of carpet, carpet tiles and artificial grass.

Buy €160M

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 103 of 175
Sector (Manufacturing) 3 of 5
Type (Add-on Acquisition) 45 of 72
State (Georgia) 10 of 13
Country (United States) 79 of 120
Year (2018) 11 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-13 Sage Hospice

Scottsdale, Arizona, United States

Sage Hospice is a hospice provider (and largest for-profit hospice provider) in the Phoenix Metropolitan area. Sage has been able to grow rapidly by focusing on providing a level of care that goes above and beyond what is typical within the industry, with 24/7 on-call services, lower patient to provider ratios, and better education and communication with the patient’s family. Sage also runs a successful palliative care program that, together with its hospice program, provides a best-in-class continuum of care for end of life clinical support and treatment. Sage Hospice is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 Recochem

Montreal, Quebec, Canada

Recochem producer, contract packager and wholesale distributor of household and transportation fluids. The Company’s product portfolio spans branded, private label and bulk offerings and includes coolant, windshield wash fluid, diesel exhaust fluid and a broad range of household fluids and industrial chemicals. Recochem was founded in 1951 and is based in Montreal, Quebec.

Buy -
Mergr

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