M&A Deal Summary

The Belknap White Group Acquires STC Floors

On October 18, 2022, The Belknap White Group acquired distribution company STC Floors from Stonebridge Partners and Centerfield Capital Partners

Acquisition Highlights
  • This is The Belknap White Group’s 3rd transaction in the Distribution sector.
  • This is The Belknap White Group’s 3rd transaction in the United States.
  • This is The Belknap White Group’s 1st transaction in Texas.

M&A Deal Summary

Date 2022-10-18
Target STC Floors
Sector Distribution
Buyer(s) The Belknap White Group
Sellers(s) Stonebridge Partners
Centerfield Capital Partners
Deal Type Add-on Acquisition

Target

STC Floors

Houston, Texas, United States
STC Floors is a supplier and distributor of floor covering products. The Company offers a broad range of hardwood, vinyl, carpet, ceramic, and laminate flooring products, as well as related flooring accessories. STC Floors was established in 1937 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

The Belknap White Group

Mansfield,, Massachusetts, United States

Category Company
Founded 1981
Sector Distribution
DESCRIPTION

The Belknap White Group has three major distribution locations and stocks well over 15,000 SKU’S of flooring products and supplies, including hardwood flooring, vinyl, carpet and ceramic tile.


DEAL STATS #
Overall 3 of 3
Sector: Distribution M&A 3 of 3
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-14 J.J. Haines & Co.

Glen Burnie, Maryland, United States

J.J. Haines & Co. is a distributor of floor covering products for consumer homes. The Company is headquartered in Glen Burie, Maryland.

Buy -

Seller(S) 2

SELLER

Stonebridge Partners

White Plains, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stonebridge Partners is a private equity firm that targets investments in mid-sized privately-owned companies or divisions of public companies primarily serving the industrial or commercial marketplaces. The Firm 'particularly seeks companies where manufacturing equipment, processes, technology, patents, brand identity and/or reputation provide sustainable barriers to entry for potential competitors'. Target sectors include specialty manufacturing, value-added distributors, specialty packaging, building materials, and infrastructure. Stonebridge prefers businesses located in the US and Canada. Stonebridge Partners was formed in 1986 and is based in White Plains, New York.


DEAL STATS #
Overall 20 of 23
Sector: Distribution M&A 1 of 2
Type: Add-on Acquisition M&A Deals 6 of 8
State: Texas M&A 4 of 4
Country: United States M&A 19 of 22
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 Godwin Formwork Solutions

Oklahoma City, Oklahoma, United States

Godwin Formwork Solutions designs, rents, and sells complex concrete formwork equipment and systems throughout the Midwest and Southwest U.S. markets. Godwin Formwork Solutions is based in Oklahoma City, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-27 MetalForming

Peachtree City, Georgia, United States

MetalForming is a global distributor of metal folding machines and a supplier of high-end architectural sheet metal machines in North America. The company distributes advanced European sheet metal forming, cutting, bending, and coil handling machines to the North American market. MetalForming was founded in 1997 and is headquartered in Peachtree City, Georgia.

Buy -
SELLER

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 38 of 47
Sector: Distribution M&A 3 of 4
Type: Add-on Acquisition M&A Deals 20 of 24
State: Texas M&A 1 of 2
Country: United States M&A 38 of 47
Year: 2022 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 FreshEdge

Indianapolis, Indiana, United States

FreshEdge is a produce distributor in the Midwest. FreshEdge provides fresh and packaged produce varieties, as well as partially prepared meal components, to a variety of customer types including grocery stores, restaurants, schools, and food management companies. FreshEdge is based in Indianapolis, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 A.S.A.P. Garage Door Repair

Huntley, Illinois, United States

A.S.A.P. Garage Door Repair is a regional provider of garage doors and repair services. A.S.A.P. Garage Door Repair was founded in 1993 and is based in Huntley, Illinois.

Buy -