Nemo Tile + Stone Acquires Tile Market of Delaware

Saw Mill Capital Acquires Nemo Tile Company

March 17, 2021

Building Products

Saw Mill Capital Partners II, LP and affiliated funds managed by Saw Mill Capital LLC have acquired Nemo Tile Co., LLC, a New York–based designer and distributor of tile, stone, and setting materials serving architecture & design, contractor, and retail channels. Terms were not disclosed; Saw Mill said the acquisition expands its building products distribution portfolio and supports Nemo Tile's organic and acquisitive growth plans.

Borgman Capital Acquires Minnesota Tile & Stone

January 11, 2023

Building Products

Milwaukee-based private equity firm Borgman Capital has acquired Minnesota Tile & Stone (MTS) and will merge the business into its existing portfolio company, K.G. Stevens. The deal expands the combined company’s Midwest footprint and product offerings; Jason Gaare was named president of K.G. Stevens and MTS owner Alan Dale retired as part of the transaction.

Mill Point Capital Acquires Cancos Tile & Stone

May 17, 2022

Building Products

Mill Point Capital has partnered with Cancos Tile Corporation, a leading regional distributor, retailer and fabricator of luxury tile and natural stone headquartered in Farmingville, New York. Stellus Capital Management provided senior debt financing and an equity co-investment to support the transaction; members of the Valva family will remain with the business and invest alongside Mill Point to support continued growth of Cancos's distribution and showroom platform.

Fireclay Tile Acquires Quarry Tile Co.

October 4, 2022

Building Products

Aromas, California-based Fireclay Tile has acquired Spokane Valley-based Quarry Tile Co. as part of a more than $26 million investment to expand its products and manufacturing capabilities. The deal adds Quarry’s 122,000-square-foot facility (capable of 7 million sq ft/year) and its ~82 employees to Fireclay, boosting combined manufacturing capacity to over 10 million square feet annually; several Quarry leaders will remain with the combined business.

CEMEX USA Acquires Assets of Atlantic Minerals Limited (Newfoundland)

January 24, 2023

Building Products

CEMEX USA has signed a definitive agreement to purchase the assets of Atlantic Minerals Limited in Newfoundland, including a construction and chemical-grade aggregates quarry and associated port operations. The acquisition secures a long-term aggregates reserve to support CEMEX's Florida and Eastern U.S. operations and strengthen its aggregates supply chain.

Engineered Stone Group Acquires MTI Baths and Aquatica

March 1, 2022

Building Products

The Engineered Stone Group (established by The Cranemere Group) acquired US-based MTI Baths and Europe-based Aquatica to expand its engineered stone and hydrotherapy bathing footprint in North America. The deals bring MTI's Sugar Hill, Georgia manufacturing and Aquatica's high-end solid surface/DTC capabilities into the ES Group portfolio, with both brands continuing to operate independently under existing management.