Eureka Growth Capital and Shore Points Capital have recapitalized Commercial Carpets of America Inc., the largest commercial floor coverings dealer in the metropolitan Washington, D.C. area. No financial terms were disclosed. SC&H Capital advised CCA on the deal.
SC&H Capital, an investment banking and advisory firm to middle market businesses, served as the exclusive financial advisor to Commercial Carpets of America, Inc. (CCA) in their recapitalization by Eureka Growth Capital and Shore Points Capital. The financial terms of the acquisition were not disclosed.
CCA is the largest commercial floor coverings dealer in the Washington, DC metropolitan area. Primarily serving local, state and federal government customers throughout the U.S. and on military bases around the world, and commercial customers in the Washington, D.C. area, CCA focuses on complex projects to provide a turnkey flooring solution that includes project management, product selection, installation and flooring reclamation. Since its founding in 1973, CCA has worked with more than 100,000 clients and has installed more than 90 million square feet of flooring products.
“SC&H Capital was a trusted advisor throughout the process and brought us a partner that will allow us to realize the long term vision for the company,” said Daryl Reinke, CEO of CCA. “This is a great moment for our company,” stated Mike Reinke, President of CCA. “Everyone at CCA is looking forward to capitalizing on the resources made available through our partnership with Eureka and Shore Points.”
Eureka Growth Capital (Eureka), headquartered in Philadelphia, is a private equity firm focused on supporting management teams of businesses with $10 million to $75 million in revenue in creative, flexibly structured transactions.
“CCA has a long-standing reputation for providing superior service to a variety of federal, state and municipal government agencies as well as commercial customers,” said Chris Hanssens, Managing Partner of Eureka. “CCA has successfully continued its consistent growth in a difficult environment by becoming one of the largest independent dealers of floor covering products to the Federal Government and the preferred provider for facility refurbishments, which continues to drive growth as new construction has slowed.”
Shore Points Capital Management is headquartered in New York City. A private equity firm focused on middle-market transactions, Shore Points concentrates on manufacturing, service, and distribution companies located principally in North America with enterprise values from $20 million to $75 million.
About SC&H Capital
SC&H Capital, an affiliate of SC&H Group, LLC, is an investment banking advisory firm to middle market businesses. SC&H Capital supports their investment banking activity with a full suite of strategic and financial resources to assist companies in the development and execution of strategic plans and initiatives. In conjunction with SC&H Group, LLC, SC&H Capital tailors their advisory services to ensure that their clients receive pertinent and valuable advice in every stage of the business life cycle – not just at the time of sale.