AHF Products to be acquired by Paceline Equity Partners affiliate
Mountville, Dad. – A subsidiary of Paceline Equity Partners, LLC – a Dallas-based private equity manager – has entered into a definitive agreement to acquire AHF Products from American Industrial Partners.
“AHF Products, with its proven track record of growth, has built an extensive portfolio of trusted flooring brands and represents an exciting opportunity to continue to transform the industry,” said Sam Loughlin, CEO of Paceline. “Using our experience in construction products and a strong team at AHF, we expect to drive significant growth through organic opportunities and mergers and acquisitions.”
AHF Products, the largest US manufacturer of wood flooring by brand, is also a major player in vinyl plank, laminate and commercial flooring products. AHF sells under well-known brands, including Bruce, Hartco, LM Flooring, Robbins, Hearthwood and Parterre. The company produces both solid and parquet floors in eight plants and serves customers through three distribution locations and a multi-channel strategy with dealers, home centers and distributors around the world.
“AHF Products has experienced incredible growth since its inception and we are excited to partner with Paceline with a shared vision of how we can take the company to the next level,” said Brian Carson, CEO of AHF Products. “Our tremendous momentum to date is an asset to our valued customers, suppliers and employees. We will continue to create value for our customers through new products, brands and innovation.”
The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2022. Financial terms of the deal have not been disclosed.
(To learn more about this evolving story, see the November 22/29 issue of FCNews.)