Rainier Partners Acquires Majority Stake in SCI Flooring
July 10, 2023
Rainier Partners has made a majority investment in SCI Flooring, a Michigan-headquartered full-service floor covering provider operating in Michigan and Kansas. The transaction acquires the business from Corridor Capital, which had previously grown SCI through operational improvements and add-on acquisitions; Rainier will support geographic and operational expansion and continued M&A.
- Buyers
- Rainier Partners
- Targets
- SCI Flooring (SCI Floor Covering, Inc.; MC Flooring; Eastpointe Interiors)
- Sellers
- Corridor Capital, LLC (Corridor Capital II, L.P. and Corridor Capital II Parallel, L.P.)
- Industry
- Building Products
- Location
- Michigan, United States
- Transaction Type
- Buyout
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