Sale to Tarkett

Industrial
Sale to Tarkett

Summary

Baird served as the exclusive financial advisor to Lexmark Carpet Mills on this transaction

About

Lexmark Carpet Mills (“Lexmark” or “the Company”), a portfolio company of H.I.G. Capital (“H.I.G.”), was recently acquired by Tarkett (ENXTPA: TKTT). Terms of the agreement were not disclosed.

Founded in 1993, Lexmark is a leading producer of broadloom carpet primarily for the hospitality market. The Company has a national sales footprint servicing a diversified base of over 5,000 customers, including long-term relationships with prominent hotel flag brands. Lexmark’s vertically-integrated manufacturing capabilities and state-of-the-art equipment provide numerous competitive advantages, including superior product quality, enhanced customization and industry leading turnaround times. Lexmark’s proven reputation for service, quality and flexibility has differentiated the Company as the largest independent operator in the hospitality segment. The Company is headquartered in Dalton, Georgia.

H.I.G. is a leading global private equity and alternative assets investment firm with over $27 billion of equity capital under management. H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused / value-added approach. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses. Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. H.IG.'s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. H.IG. is headquartered in Miami, Florida with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the United States as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Mexico City, Rio de Janeiro and São Paulo.

Tarkett is a worldwide leader of innovative flooring and sports surface solutions. Offering a wide range of products including vinyl, linoleum, carpet, rubber, wood, laminate, synthetic turf and athletic tracks, Tarkett serves customers in more than 100 countries worldwide through its major brands: Tarkett, Desso, Johnsonite, Tandus Centiva, Tarkett Sports, FieldTurf and Beynon. With approximately 13,000 employees and 34 industrial sites, Tarkett sells 1.3 million square meters of flooring every day, for hospitals, schools, housing, hotels, offices, stores and sports fields. Tarkett is listed and publicly traded on the Euronext Paris. Tarkett is headquartered in Paris, France.
CONTACT US TO LEARN MORE
Industrial
Sale to Tarkett
Date
September 2018
Company
Lexmark Carpet Mills
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
Europe

Share