Interior Logic Group Completes Acquisition of Mike’s Flooring Companies
IRVINE, Calif.--(BUSINESS WIRE)--Sep 9, 2019--
Interior Logic Group, Inc. (“ILG”) today announced the acquisition of Mike’s Flooring Companies, a leader in flooring solutions for multifamily, commercial and residential properties. The acquisition significantly enhances the presence of ILG’s Property Services division on the East Coast and enables ILG to serve multifamily builders, single-family rentals and large property owners in all major markets nationwide.
Based in Chantilly, Virginia, Mike’s Flooring has performed installations in more than 750,000 apartments and homes throughout the East Coast over the last 30 years and has built strong partnerships with major developers and building owners. These partners rely on Mike’s Flooring for next day installations, pre-and-post installation inspection teams, and Mike’s extended geographic reach.
Mike Schreiber, the owner of Mike’s Flooring Companies, will remain with the business as a key leader in ILG’s Property Services team and ensure continued service excellence for all East Coast customers.
“Mike’s Flooring gives ILG’s Property Services division the geographic footprint and reach to service our customer base across all major markets in the U.S.,” said Cathi Brock, Division President for ILG’s Property Services division. “Combining our two complementary companies is a natural fit. Mike’s has an outstanding reputation in the marketplace and we are confident our combined teams, purchasing strength, and customer relationships position the company well for future growth. We welcome the entire Mike’s Flooring team to the ILG family and are excited about our combined future.”
ILG is jointly owned by Littlejohn & Co., LLC and Platinum Equity.
About Interior Logic Group, Inc.
Interior Logic Group, Inc., is the nation’s leading provider of Design Studio management and installation services operating in over 200 locations across the United States. ILG provides interior finish solutions to single family residential homebuilders, multi-family owner/operators, and fulfillment partners. Primary installation products include flooring, cabinets, countertops and window coverings. For more information about Interior Logic Group visit www.interiorlogicgroup.com.
About Littlejohn & Co.
Littlejohn & Co. is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments primarily in middle market companies. With approximately $10.9 billion in regulatory assets under management, the firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. For more information about Littlejohn, visit www.littlejohnllc.com.
About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $13 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the last 24 years, Platinum Equity has completed more than 250 acquisitions.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190909005546/en/
CONTACT: For Platinum Equity:
email@example.com For Littlejohn & Co.:
Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA VIRGINIA
INDUSTRY KEYWORD: OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY
SOURCE: Interior Logic Group, Inc.
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PUB: 09/09/2019 08:30 AM/DISC: 09/09/2019 08:31 AM