Borgman Capital Acquires Minnesota Tile & Stone
January 11, 2023
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.
- Buyers
- Borgman Capital, K.G. Stevens
- Targets
- Minnesota Tile & Stone
- Sellers
- Alan Dale
- Platforms
- K.G. Stevens
- Industry
- Building Products
- Location
- Minnesota, United States
- Transaction Type
- Addon
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