Wednesday, December 1, 2021
Paceline Equity Partners, LLC today announced that an affiliate has entered into a definitive agreement to acquire AHF Products from American Industrial Partners.
One of the largest U.S. wood flooring manufacturer as well as a key player in vinyl plank flooring, AHF Products also known for laminate and commercial flooring products and sells under the nation’s leading brands, including Bruce, Hartco, LM Flooring, Robbins, Hearthwood and Parterre, recently announces about an agreement with Paceline Equity Partners, LLC.
Sam Loughlin, CEO of Paceline, said, “AHF Products, with its proven track record for growth, has built a comprehensive portfolio of trusted flooring brands and represents an attractive opportunity to continue to transform the industry. Leveraging our building products experience and a strong team at AHF, we expect to generate significant growth through organic opportunities and M&A.”
Brian Carson, CEO of AHF Products said, “AHF Products has experienced incredible growth since inception and we’re thrilled to partner with Paceline with a shared vision of how we will take the business to the next level. Our tremendous momentum to date is a credit to our valued customers, suppliers, and employees. We will continue to drive value for our customers through new products, brands, and innovation.”
Rick Hoffman, a Partner at American Industrial Partners said, “We have greatly enjoyed the partnership with AHF Products, its best-in-class management team, and its dedicated global workforce. Since formation in 2019, AHF Products has experienced remarkable growth and is well positioned to continue its trajectory through continued innovation and superb customer service.”
The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2022. King & Spalding is serving as legal advisor to Paceline Equity Partners.