Paceline Equity Partners Completes Acquisition of Leading Hard Surface Flooring Manufacturer AHF Products
DALLAS–(BUSINESS WIRE)–An affiliate of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, announced that it has completed the acquisition of AHF Products (“AHF” or the “Company ), a leading North American manufacturer of hard surface flooring.
Based in Mountville, Pennsylvania, AHF is the largest manufacturer of hardwood flooring in North America and has experienced rapid growth in a range of additional flooring categories including vinyl plank, laminate and commercial flooring. The company operates eight manufacturing plants, seven in the United States and one in Cambodia, and three domestic distribution facilities to serve customers through a multi-channel strategy that includes dealers, home centers and distributors worldwide .
Sam Loughlin, CEO of Paceline, said:AHF is poised to benefit from a good outlook for spending on home repairs and renovations and the construction of new residential homes, due to an aging housing stock, record levels of home equity and a severe housing shortage. inventory due to years of under construction. Additionally, the company’s domestic production capacity provides protection against volatility in rates, duties and high shipping costs, which positions AHF well to continue to provide superior customer service given the dislocation. of the global supply chain.
“The Paceline team has extensive experience from our time together at a global private equity manager and a history of success in the building products industry, having completed six investments in the platform and more than 40 follow-on acquisitions” , added Leigh Sansone, Chief Investment Officer of Paceline. . “Our team will leverage previous expertise, including longstanding industry relationships, to help AHF grow both organically and inorganically.
Brian Carson, President and CEO of AHF, added:The company has seen incredible growth since its inception in 2019, and we are thrilled to be associated with Paceline given our shared visions for growth and their team’s experience in the building products industry. Our valued customers, suppliers and employees are the driving force behind the tremendous momentum of our business, and we look forward to continuing to support these stakeholders with accelerated growth of new products, brands and innovation.
About Paceline Equity Partners
Paceline is a Dallas-based private equity manager focused on value-oriented, opportunistic and special-situation investments in corporate credit, real assets and private equity. The members of Paceline’s management team have an average of 20 years of professional experience. Prior to Paceline’s formation, the management team worked together for approximately 10 years at a global private equity manager and its subsidiaries. To learn more, please visit www.pacelineequity.com.
About AHF Products
AHF Products is the leader in hardwood and vinyl flooring with a family of strong brands serving the residential and commercial markets. With decades of experience in award-winning wood flooring design, innovation, product development, manufacturing and service, AHF improves people’s quality of life through great products and commitment. deep commitment to exceptional customer service. AHF’s flooring brands include Bruce®Hartco®LM floor®Robin®Chapel®HomerWood®, tmbr™, Hearthwood and Parterre. Headquartered in Mountville, Pennsylvania, with manufacturing operations in the United States and Cambodia, AHF Products employs more than 2,400 dedicated team members. To learn more, please visit www.AHFProducts.com.