Century Park Capital said Tuesday that it acquired Better Life Technology. Financial terms weren’t announced. Lenexa, Kansas-based Better Life makes, designs, markets and distributes vinyl flooring products and unique printing substrates for multiple end markets. OpusBank and PNC Mezzanine Capital provided the debt financing. NextGen Capital acted as financial advisor to BLT.
LOS ANGELES–(BUSINESS WIRE)–Century Park Capital Partners is pleased to announce the acquisition of Better Life Technology, LLC (“BLT” or the “Company”). Headquartered in Lenexa, Kansas, BLT is a leading manufacturer, designer, marketer and distributor of highly specialized vinyl flooring products and unique printing substrates for multiple end markets. BLT has a diverse and customizable range of vinyl floor coverings that are used by residential consumers as well as OEMs of marine and transit products. The Company’s products are also used as a substrate in the growing graphic printing market.
BLT was founded by Don & Brett Sneed in 1998. The foundation of the BLTproduct line is G-Floor vinyl flooring. The original G-Floor Parking Pad was the first product created by Brett Sneed, and features a unique ribbed channel design which acts as a containment element to control dirt and liquids commonly found in garages. This design feature allows for easy clean up and prevents debris from being tracked indoors. G-Floor is easy to install, with a simple roll out application and optional permanent adhesive and is distributed throughout the U.S. and internationally through big box retail stores. The Company has subsequently introduced vinyl flooring products which have been adopted as the standard in certain segments of the boating and transit industries. For more information on BLT, please visit www.bltllc.com.
Brett Sneed, who will continue to serve as President of BLT, commented, “After developing BLT for the last 17 years, I am excited to partner with Century Park to take the Company to the next level. We have many opportunities for growth, and with Century Park’s experience and industry contacts, the sky’s the limit.”
Jerry Herbert, who will continue to serve as Chief Operating Officer of BLT, added, “Century Park has already helped us make valuable connections that will serve us well as we continue to grow the Company and develop new end markets. We are looking forward to a great partnership with Century Park.”
Chip Roellig, Managing Partner with Century Park, commented, “The team at BLT has done a great job developing the market for vinyl garage flooring and expanding the Company’s products into other growing end markets. Brett and Jerry are a great team and we are excited to work with them to accelerate the Company’s growth in the coming years.”
OpusBank and PNC Mezzanine Capital provided the debt financing for the transaction. NextGen Capital acted as financial advisor to BLT. Terms of the transaction were not disclosed.
About Century Park Capital Partners:
Century Park Capital Partners is a Los Angeles-based private equity firm that partners with owner/managers to build successful companies. The firm specializes in facilitating owner liquidity and business expansion by providing $10 million to $50 million equity investments for minority and majority recapitalizations, growth financings, management-led buyouts and acquisition financings. Century Park seeks to support management in accelerating the growth curve of well-positioned companies by investing in infrastructure, internal growth initiatives, and strategic acquisitions. For more information on Century Park, please visit www.centuryparkcapital.com.