GSC Group has sold Burke Industries Inc., a maker of resilient flooring and roofing products, to Mannington Mills Inc. for an undisclosed amount. McColl Partners advised Burke on the deal.
McColl Partners, LLC served as exclusive financial advisor to Burke Industries, Inc. (“Burke” or the “Company”), a portfolio company of GSC Group, in its sale to Mannington Mills, Inc. (“Mannington”). Mannington's acquisition of Burke, a leading manufacturer of high-quality resilient materials, will broaden Mannington's range of hard surface commercial flooring offerings. The McColl Partners team included Eric Andreozzi, Jamie Lewin, Justin Cunningham, and Brad Burton.
“McColl Partners demonstrated consistent dedication and provided sound advice throughout a carefully orchestrated marketing process. McColl Partners' expertise in the building products industry and strong transaction experience proved beneficial during a difficult market environment,” said Matthew Kaufman, Senior Managing Director of GSC Group.
“We are excited to have assisted GSC Group in the realization of its investment in Burke. As a complement to Mannington's extensive product portfolio, Burke will further leverage its strong reputation in the resilient commercial flooring market to achieve accelerated growth,” said Eric Andreozzi of McColl Partners.
ABOUT BURKE INDUSTRIES, INC.
Burke Industries, Inc. is a leading manufacturer of high-quality resilient materials, which are primarily sold into commercial construction, aerospace, defense, and industrial markets across the
ABOUT GSC GROUP
GSC Group is a registered investment advisor with $22.0 billion of assets under management as of March 31, 2008, including leverage, warehoused assets, and uncalled capital commitments. Founded in 1999, the firm specializes in credit-based alternative investment strategies including corporate credit, equity and distressed debt investing, and structured mortgage products. GSC Group is privately owned with over 160 employees in its offices in
ABOUT MANNINGTON MILLS, INC.
Mannington Mills, Inc. is a manufacturer of residential and commercial flooring products in the
ABOUT MCCOLL PARTNERS, LLC
McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle-market companies. With significant experience working with private equity groups, entrepreneurs, family-owned businesses, public companies, financial institutions, and divisions of large companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.
For more information about this transaction or our private equity coverage effort, please contact Jamie Lewin or Brian Davis at (704) 333-0525. For more information about our Industrials and Building Products experience, please contact Eric Andreozzi at (704) 333-0518. More information about McColl Partners can be found at www.mccollpartners.com.