Quad-C Management said Dec. 21 that it closed its investment in Stanton Carpet Corp. Financial terms weren’t announced. Syosset, New York-based Stanton makes and imports carpets and custom rugs.
Charlottesville, VA. December 21, 2016 – Quad-C Management, a leading middle market private equity firm, announced it has closed on an investment in Stanton Carpet Corporation (“Stanton”), one of the nation’s leading suppliers of decorative, high quality branded carpet and custom rugs. The transaction closed on November 21, 2016. As part of the deal, Stanton’s management team will continue to lead and operate the business from its Syosset, NY and Calhoun, GA-based facilities. No further terms of the deal were disclosed.
Founded in 1980 by Sy Cohen, Stanton is recognized as a leading manufacturer and importer of carpets and custom rugs. Stanton’s six quality carpet brands, Stanton Carpet, Royal Dutch, Antrim, Rosecore, Atelier and Crescent Carpet, cover all price points within the premium soft flooring market. The Stanton family of brands are available through approximately 4,000 retail partners nationwide, including independent retail floor showrooms, trade showrooms and home furnishing retailers. Stanton currently employs more than 100 people.
“Stanton is a well-established company that has developed a reputation for producing premium carpets and rugs,” said Thad Jones, a Partner at Quad-C and member of Stanton’s Board of Directors. “With their team of seasoned industry veterans, design expertise that we believe is second to none, a market leading salesforce and nationwide distribution footprint, Stanton has the potential for significant expansion. We are pleased to complete this investment and are eager to support the future success of the Company.”
“Over the course of our nearly four decades as a company we have worked hard to develop products and services that meet the high standards of our dedicated customers,” said Jonathan Cohen, Chief Executive Officer and President of Stanton. “By partnering with Quad-C, we will build upon our strong momentum and cultivate new and innovative ways to support our long term growth strategy. We welcome Quad-C’s investment and look forward to benefiting from their valuable insights and expertise.”
The Stanton investment fits squarely with Quad-C’s expertise in the building products and specialty distribution sectors. Other past investments in these industries include the Wolf Organization, a leading distributor of branded specialty building products serving the independent dealer channel in the United States; Interwrap, a leading global manufacturer of highly-engineered coated woven materials and multi-layer laminated substrates for a diverse range of applications; and Generation Brands, one of America’s leading lighting companies with a portfolio of fashionable and functional lighting fixtures, ceiling fans and decorative products.
About Stanton Carpet Corporation
Stanton was founded in 1980 and today is recognized as a leading designer, manufacturer and wholesaler of high-end decorative wool and synthetic broadloom carpet and area rugs, with thousands of retail partners nationwide. Six brands under the Stanton umbrella represent all key facets of the flooring arena: Stanton Carpet, Royal Dutch Carpets, Antrim Carpets, Rosecore, Atelier & Crescent Carpet. Headquartered in Syosset, NY, Stanton also maintains a customer service, fabrication and distribution center in Calhoun, GA, and partners with leading manufacturers around the world. For more information, please visit Stanton at www.stantoncarpet.com.
Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a middle market private equity firm focused on investing in well-established business services, consumer, general industrial, healthcare, specialty distribution and transportation and logistics companies. In its 25-year history, Quad-C has invested over $2 billion of equity across more than 50 companies. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value.www.quadcmanagement.com