M&A Deal Summary

Tower Three Partners Acquires Parterre Flooring Systems

On September 6, 2017, private equity firm Tower Three Partners acquired building materials company Parterre Flooring Systems from JMH Capital Partners

Acquisition Highlights
  • This is Tower Three Partners’ 1st transaction in the Building Materials sector.
  • This is Tower Three Partners’ 5th transaction in the United States.
  • This is Tower Three Partners’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2017-09-06
Target Parterre Flooring Systems
Sector Building Materials
Buyer(s) Tower Three Partners
Sellers(s) JMH Capital Partners
Deal Type Secondary Buyout

Target

Parterre Flooring Systems

Mountville, Pennsylvania, United States
Parterre Flooring Systems is a designer and manufacturer of luxury vinyl tile, plank and sheet flooring products. Parterre offers a broad selection of premium vinyl flooring products that authentically replicate the beauty of nature in wood and stone colors and designs, as well as metallic surfaces and other unique finishes. Parterre Flooring Systems was established in 1991 and is based in Mountville, Pennsylvania.

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Buyer(S) 1

Buyer

Tower Three Partners

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tower Three Partners is an operationally-oriented private equity firm that invests in US-based middle-market companies. Tower Three seeks growth-oriented opportunities and looks to commit $50 to $150 million per transaction. Tower Three Partners was founded in 2007 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 5 of 6
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 5 of 6
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-23 The Paslin

Warren, Michigan, United States

The Paslin Co. is a full-service robotics integrator focused on the automotive market segment. Paslin provides edge manufacturing equipment to the global market, while creating cost cutting solutions where feasible.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-18 SteriCare Solutions

Haltom City, Texas, United States

SteriCare Solutions is a manufacturer of medical devices and products that help improve the quality of care and life for patients. Nurse Assist is a provider in the production of United States Pharmacopeia (USP) sterile water and normal saline, and its products extend to four principal categories of medical devices: USP water and saline and infusion care products, convenience kits, interconnecting cables, and patient safety. SteriCare Solutions was established in 1999 and is based in Haltom City, Texas.

Buy -

Seller(S) 1

SELLER

JMH Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 500M USD
Size Small
Type Sector Agnostic
DESCRIPTION

JMH Capital is a private equity firm that targets businesses focused on a single business or product line. The firm invests across a wide range of transactions including recapitalizations, management buyouts, corporate divestitures, leverage buyouts, and spin-offs. JMH Capital invests across a broad range of industries, and has a particular interest in the sectors of manufacturing, specialty chemicals, building products, medical devices, business services, value-added distribution, analytical instruments, food products and services. The firm invests in growth-oriented companies with revenues to $5 million $100 million. JMH Capital was formed in 2003 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 3 of 5
Sector (Building Materials) 1 of 2
Type (Secondary Buyout) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 3 of 5
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-16 The Signature Memorial Group

Houston, Texas, United States

The Signature Memorial Group LLC operates funeral homes and cemetery properties in select markets throughout North America. Signature seeks to provide succession and exit opportunities to an independent mortuary and cemetery operators that are a superior alternative for their employees and customers. The Signature Group was founded in 2011 and is based in Houston, Texas.

Sell $123M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-26 All4

Kimberton, Pennsylvania, United States

All4 is an environmental consulting company specializing in air quality consulting services, primarily assisting clients with complex air permitting, modeling, continuous monitoring, and regulation compliance. All4 was founded in 2002 and is based in Kimberton, Pennsylvania.

Buy -