Cancos partners with Mill Point Capital
Farmingville, NY — Cancos Tile Corporation (Cancos), a leading regional distributor and retailer of luxury ceramic tile and natural stone, has partnered with Mill Point Capital LLC (Mill Point Capital), a mid-market private equity firm focused on audit-oriented investments in the business services, industrial and IT services sectors in North America.
Cancos imports and distributes high-quality porcelain, stone, ceramics, glass, mosaic tiles and slabs and serves both residential and commercial repair and renovation markets. Cancos showrooms offer a diverse selection in more than 1,200 fully designed and decorated vignettes used in multiple areas of the home, including floors, walls, countertops, decking, fireplace surrounds, according to the company.
Throughout history, Cancos has held its headquarters here. Mill Point said it operates an executive partner model and has extensive experience investing in distribution companies. Cancos’ management team, including members of the Valva family, said it will continue to lead the company and build on its strong track record of growth and quality customer service.
“I am extremely proud of the company we have founded over the decades,” said Robert Valva, member of the board of directors. “The partnership with Mill Point secures the resources needed to continue our long-term growth trajectory and we are more than excited about the company’s next chapter.”
According to Bruce Zwicker, executive partner and executive vice chairman of the board of directors, Mill Point, the Valva family has built a great platform in Cancos. “We are excited to partner with the entire Cancos team and continue to grow the company’s leading distribution and sales platform.”
Michael Duran, founder and managing partner of Mill Point, said Cancos has built a reputation for excellence throughout its 70-year business history. “We remain committed to upholding the core values instilled by the Valva family as we look forward to pursuing the numerous growth opportunities the company offers today,” he said.