Ares Management and Freeman Spogli Acquire Floor and Decor Outlets of America

Floor & Decor Acquires Spartan Surfaces

May 13, 2021

Building Products

Floor & Decor (NYSE: FND) has entered into a definitive agreement to acquire 100% of Spartan Surfaces, a commercial flooring specifying and distribution company headquartered in Bel Air, Maryland, for up to $90 million. The purchase will be funded with cash on hand and $5 million of Floor & Decor common stock; Spartan Surfaces will operate as a subsidiary and remain led by its senior management team. The acquisition is intended to accelerate Floor & Decor's commercial flooring growth by leveraging Spartan's specifying and consultative selling relationships with the architectural and design community.

Floor & Decor Subsidiary Spartan Surfaces Acquires Salesmaster Flooring Solutions

June 7, 2023

Building Products

Spartan Surfaces, a wholly owned subsidiary of Floor & Decor, has acquired Salesmaster Flooring Solutions, a Deer Park, New York-based flooring and installation supplies distributor with about 80 employees. The deal expands Spartan Surfaces' commercial distribution footprint in the New York City and New England markets and will operate Salesmaster as part of Spartan to capture purchasing, inventory, logistics, and customer-service synergies.

AFS Group (America's Floor Source) Acquires Lewis Floor & Home

May 3, 2024

Building Products

AFS Group (America’s Floor Source) has acquired the assets and intellectual property of Lewis Floor & Home, a third-generation flooring, countertop, cabinet and window-treatment dealer based in Northbrook, Illinois. AFS will retain key senior leaders including owner Steve Lewis and keep the business operating from its Northbrook location as it integrates Lewis’s premium product offering and operational capabilities into its platform.

AFS Group (America's Floor Source) Acquires Flooring Solutions (Memphis)

November 5, 2024

Retail

AFS Group (doing business as America's Floor Source) has acquired the assets and intellectual property of Flooring Solutions, a Memphis, Tennessee-based flooring and tile retailer. The business will operate under the AFS brand, retain its leaders and staff, and remain at its current Memphis location as part of AFS's mid-South expansion.

Franchise Group Acquires FFO Home; Stores to Rebrand as American Freight

December 28, 2020

Retail

Franchise Group, Inc. has completed its acquisition of FFO Home, a regional furniture and mattress retailer. More than 30 FFO Home stores across the Midwest will be rebranded as American Freight Furniture, Mattress, Appliance, with customers redirected to the American Freight website and the addition of appliances, financing options and same-day delivery for in-stock items.

Freeman Spogli & Company Acquires Majority Interest in Kamps Pallets, Inc.

January 14, 2020

Logistics & Distribution

Freeman Spogli & Company has acquired a majority interest in Kamps Pallets, Inc., a Grand Rapids, Michigan-based pallet management services provider. Founder and CEO Bernie Kamps remains a significant shareholder and will continue to lead the company; financial terms were not disclosed and debt financing was provided by Oaktree Capital Management, Adams Street Partners and Comerica.